Articles by Rachel Douglass
StockX CEO to step down, co-founder and COO named successor
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Online marketplace StockX has announced that its chief executive officer, Scott Cutler, will be departing from the helm role effective December 31, 2024, after which he will assume the position of an advisor to help ensure a smooth transition. In his place will step the company’s co-founder, president and chief operating officer, Greg Schwartz,...
Back-to-school bolsters George at Asda’s Q3 performance
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For the third quarter ending 30 September 2024, supermarket giant Asda’s clothing range George delivered “strong performance”, with like-for-like sales increasing 4.9 percent. The retailer credited the uptick to its back-to-school range, which it said generated around 180 million pounds in sales, marking its “best performance to date”. The...
Elisabetta Franchi opens first US store in Miami
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Italian designer brand Elisabetti Franchi has made its debut in both the US and the Americas as a whole with the opening of a Miami-based boutique in the city’s Bal Harbour Shops. The 1,029 square foot space will initially house the designer’s autumn 2024 collection, and will also be the first global location to showcase early releases from the...
Steve Madden to cut Chinese imports by almost half in wake of Trump re-election
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The chief executive officer of Steve Madden, Edward Rosenfeld, has told investors that the company could reduce the amount of goods it imports from China by as much as 45 percent in the wake of Donald Trump’s re-election. His comments, which came during a Q3 earnings call, are in regards to Trump’s plan to raise tariffs on Chinese imports by up...
Boohoo slams Frasers for focusing on ‘own commercial self-interest’
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In the latest instalment of the saga between Boohoo Group and Frasers Group, Boohoo has now slammed Mike Ashley’s Frasers for seemingly acting “on its own commercial self-interest” and focusing “solely on the value of its investment”. Responding to Frasers’ letter issued November 6, Boohoo reaffirmed its commitment to a strategy launched earlier...
Tapestry Q1 ‘outperforms expectations’, ups fiscal 2025 outlook
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Coach-owner Tapestry “outperformed expectations” for the first quarter of the year, according to CEO Joanne Crevoiserat, who said the results showcased “the brand magic and operational excellence that fuel our strategic growth agenda”. For the quarter ended September 28, 2024, the company’s net sales totaled 1.51 billion dollars, in-line with...
Manolo Blahnik opens first Mainland China boutique
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Luxury footwear and accessories brand Manolo Blahnik is cementing its commitment to China with the opening of its first boutique in the country’s mainland. Located in Shanghai’s Plaza 66, the store was designed by the brand’s CEO, Kristina Blahnik, and draws inspiration from the concept initially used for Manolo Blahnik’s boutique in Burlington...
Sainsbury’s clothing sales grow in H1 driven by summer uptick
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Supermarket giant Sainsbury’s has welcomed modest growth for its clothing brand Tu, despite general merchandise and clothing sales declining 1.5 percent in the first half of the current financial year. In the 28 weeks ended 14 September 2024, the retailer’s Tu Clothing range welcomed a 1.3 percent increase in sales, benefitting from a stronger...
CPHFW AW25 line up unveiled, Bonnetje to join Newtalent
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While it feels like we have only just waved goodbye to another fashion week season, autumn/winter 2025 is already fast approaching, and Copenhagen Fashion Week (CPHFW) is leading the charge, already releasing its line up for the upcoming edition. Set to take place January 27 to 31, 2025, CPHFW will welcome a roster of 36 brands that have been...
Maison Margiela expands fur-free policy to include angora
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Luxury fashion house Maison Margiela has reportedly promised to “no longer source angora rabbit fur for future collections”, according to the People for the Ethical Treatment of Animals (PETA). The French label decided to impose the ban following a request by the animal welfare organisation, a press release read. The exclusion of angora marks an...