Business

H&M, Next and Boohoo, three takes on the post-pandemic fashion industry

After a year worth of pandemic-driven lockdowns, reduced hours, flaky supply chain and evolving consumer needs, the main fashion industry players are sharing their financial updates and forecasts for the upcoming months. FashionUnited takes a look at what H&M, Next and Boohoo have to say regarding the immediate future of their business. Last...

11 hours ago

Business

JD Sports acquires British menswear retailer Oi Polloi

UK sportswear giant JD Sports is reportedly continuing its acquisition spree following news it has snapped up Manchester-based menswear boutique Oi Polloi. JD Sports bought the Northern Quarter store and online assets of the cult brand earlier this year - and chairman Peter Cowgill has become a company director, according to filings seen by The...

11 hours ago

People

PacSun names new co-CEOs and president

US fashion retailer PacSun has reshuffled its leadership team with the announcement of two new co-CEOs and a new president. The California-based company has named its president Alfred Chang and interim CEO of PacSun-owner PSEB Group Michael Relich as new co-CEOs. Chang has held multiple senior positions since joining the company in 2006, and...

12 hours ago

Business

Authentic Brands Group and SPARC to acquire Eddie Bauer

Authentic Brands Group (ABG) and SPARC Group have signed a definitive agreement to purchase Eddie Bauer, the American outdoor brand, from PSEB Group, an operating company owned by Golden Gate Capital. The company said in a release that ABG will own Eddie Bauer’s intellectual property and the brand’s core operating business will become a part of...

17 hours ago

Business

Adidas' sale of Reebok could fetch 1 billion dollars

As Adidas’ sale of Reebok enters its operational phase, the German sportswear giant could net just one billion dollars according to some estimates. That is almost 3 billion dollars less that its acquisition price in 2005, when it was purchased for 3.8 billion dollars. According to sources cited by Reuters, Adidas is ready to begin considering...

7 May 2021

Retail

April footfall improves but still far from pre-Covid levels

Footfall in the UK has recovered strongly since non-essential stores were permitted to reopen last month, but still remains some way off pre-Covid 2019 levels, new data reveals. Total UK footfall fell by 40 percent last month compared to two years earlier, according to the latest data from BRC-Sensormatic, which this year compared footfall with...

7 May 2021

Business

Revolve profit soars as demand for 'going out' clothes returns

LA-based fashion e-tailer Revolve has reported record profit in the first quarter of the year as US lockdown restrictions eased, stimulus checks were distributed, and demand for going-out clothes returned. The company, which targets Millennial and Gen Z consumers, said net income hit 22.3 million dollars in the first quarter ended March 31, a...

7 May 2021

Fashion

Fall/Winter 2021 macro theme: Uber refined vintage

Trendstop brings FashionUnited readers a key, early mainstream macro theme for Fall Winter 2022, Uber Refined Vintage. Vintage revival trends continue to evolve as traditional colour palettes, print ideas and shapes are revisited and reinterpreted through a modern lens. As consumers seek comfort in nostalgia and move towards a more investment...

7 May 2021

More News

Business

Luxury handbag market projected to reach 94 billion dollars by 2028

The global luxury handbag market is expected to reach a valuation of 94 billion dollars by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 5.3 percent from 2021 to 2028. Increased brand recognition and rising spending on handbags in emerging economies are driving the market. An increase in disposable...

4 hours ago

People

Vogue India's editor-in-chief set to exit

Vogue India is losing its editor-in-chief. Priya Tanna, who has led the Mumbai-based fashion title since it launched in 2007, has joined the list of international Vogue editors who have been exiting parent company Condé Nast over the past several months. Condé Nast is currently working on streamlining operations in an effort to cut costs, with...

5 hours ago

People

Vans co-founder Paul Van Doren dies aged 90

Paul Van Doren, the US entrepreneur who co-founded footwear and apparel brand Vans, has died at the age of 90. The California-based brand, which shot to popularity thanks to the SoCal skate community, announced the news on Instagram but did not give a cause of death. “It is with a heavy heart that Vans announces the passing of our co-founder,...

14 hours ago

People

Lenzing appoints head of corporate communications & public affairs

Lenzing has announced that Dominic Köfner has taken over as head of corporate communications & public affairs at the beginning of May. As vice president, the company said, he will report directly to the chief executive officer, Dr. Stefan Doboczky. “We are delighted to welcome Köfner to Lenzing. He brings exactly the international experience we...

14 hours ago