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Jeweller Swarovski to cut 400 jobs

At least 400 of a 2,200-strong workforce are set to leave Austrian crystal manufacturer Swarovski at the beginning of 2026, the Tyrol Chamber of Labour (AKT) announced on Thursday. According to the Austrian employee representative body, the number could rise to 500 “if the majority of the remaining workforce does not agree to a reduction in...

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Italy gears up to fight fast fashion

Milan, Italy - The Italian fashion industry is looking to defend itself against Shein. The platform recently challenged the industry on its home turf in Milan with a chic collection and an army of influencers. "Hundreds of thousands of parcels arrive at our homes every day. We must react," Luca Sburlati, president of the fashion employers'...

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Online Fashion drives strong UK retail rebound

The UK retail sector has seen a significant return to growth this week, with total like-for-like (LFL) sales increasing by a robust +5.25%. This positive performance effectively offsets a weak base of -3.30% from the same period last year, demonstrating a healthy rebound, particularly driven by strong online sales across all segments. The...

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Mayhoola contemplates the future of Balmain: Exit, overhaul or reinvention?

When Mayhoola for Investments acquired Balmain in 2016 for around 485 million euros (approximately 546 million dollars), it was viewed as a confident move by Qatar’s sovereign-backed fund to expand its luxury footprint beyond Valentino. Nearly a decade later, that confidence is being tested. The announcement that Olivier Rousteing will step down...

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Lingerie label Peachaus secures investment from former Matalan CEO

Angus Monro, the former chief executive officer for Matalan, has joined Peachaus as acting chairman after investing 250,000 pounds in the lingerie label. Monro, who has also held various positions at THG and B&Q, is hoping to back the brand’s founder, former Topshop fashion director Gillian Ridley Whittle, in her mission of providing more...

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Euromonitor: Key consumer trends for 2026

As they do every year, global research experts at Euromonitor International have used the institute's analytics to identify the key consumer trends for 2026. Four trends will dominate 2026: “Comfort Zone”, “Fiercely Unfiltered”, “Rewired Wellness” and “Next Asian Wave”, which expand on current trends. Here is an overview. Comfort zone This trend...

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Shein looks to double profit to two billion dollars despite tariff headwinds

Chinese fast fashion platform Shein is said to be on track to make two billion dollars in profit for this year, doubling what it made in 2024. The uptick comes despite a challenging landscape driven by US tariffs, which the retailer has worked to mitigate through cost-cutting and price rises. According to Bloomberg, Shein is forecasting a...

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Allbirds reports drop in Q3 sales and earnings amid turnaround efforts

Allbirds, Inc. reported third-quarter 2025 financial results that were in line with management's expectations, despite ongoing structural headwinds related to its turnaround efforts. Net revenue decreased 23.3 percent year-over-year to 33 million dollars, primarily due to planned retail store closures and the transition of international markets...

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France inspects 200,000 Shein parcels at airport

France is conducting a massive inspection of 200,000 parcels from the low-cost online platform Shein at a Paris airport. The inspection is being carried out by customs and the authority for competition, consumer protection and fraud prevention. “This operation, of an exceptional scale, aims to verify product compliance, the accuracy of the...

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Havaianas fuels Alpargatas' strong quarterly financial results

Alpargatas announced a strong third quarter of 2025, reaching the highest quarterly consolidated adjusted EBITDA in its history at 256 million Brazilian real, of which 253 million Brazilian real came from Havaianas operations, the highest level ever recorded in a quarter, both consolidated and for the brand. Alpargatas reached 1.1 billion...

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Cost of inaction grows for your brand every year, warns Kantar in its latest sustainability report

For years, sustainability has been the most repeated mantra in the fashion industry. Most of the time, however, this discourse has remained superficial. It has consisted of vague promises, green campaigns and commitments without clear metrics. Today, there is no longer any room for ambiguity. Sustainability has become a matter of business...

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Ralph Lauren's Q2 revenue jumps 17 percent to 2 billion dollars

Ralph Lauren Corporation reported a robust second quarter for fiscal 2026, with performance significantly outpacing expectations as the company’s strategic plan gained traction, delivering adjusted earnings per diluted share of 3.79 dollars —a 49 percent increase over the prior year. Net revenue for the quarter rose 17 percent to 2 billion...