Total sales at John Lewis for the week ending June 22, 2019, were down 2.4 percent on the same week last year. The company said in a statement that the first week of ‘Clearance’ started well but sales slowed at the weekend due to the warmer weather. Fashion sales during the week under review were down […]

The fashion industry is doing everything it can to prevent the Trump administration from establishing a fourth tranche of tariffs of up to 25 percent on imports of Chinese goods. This time the products would include apparel, footwear and accessories. Yesterday, Columbia Sportswear’s Director of Global […]

For the 53 weeks to March 30, 2019, New Look Group said revenue declined 3.8 percent to 1,239 million pounds (1,580 million dollars), while like-for-like sales were down 1.6 percent compared to 11.6 percent in FY18. New Look added that FY19 statutory loss before tax was 522.2 million pounds (666.5 million […]

REPORT“Any sufficiently advanced technology is indistinguishable from magic,” wrote futurist, Alfred C Clarke. And as digital commerce leaders evaluated how AI could impact the role of merchandising at the recent Activate Now, Lucidworks digital commerce conference in NYC, an off-shoot of their annual […]

Destination Maternity Corporation has announced a reduction in force (RIF) that is expected to generate cost savings of 4 million dollars to 4.5 million dollars on an annualized run-rate basis. The company said, this reduction is part of the company’s effort to become a more efficient and profitable […]

SMCP, the parent company of Sandro, Maje and Claudie Pierlot has announced that it is in exclusive negotiations to acquire De Fursac, a French leader in men’s accessible luxury. The company said in a statement that with this acquisition, SMCP would strengthen its footprint in the fast-growing menswear […]

Ahlers Ag has said in a statement that group revenues for the first six months declined by 5 percent or 5.5 million euros (6.2 million dollars) to 105.3 million euros (120 million dollars), thus approaching the trend projected in the full-year forecast. The company added that due to extraordinary income […]

Nueva York - Prada announced Monday its intention to use only recycled nylon in its new bag collection. For this, the Italian luxury group has partnered with Aquafil, a company that produces Econyl, a nylon thread made from plastic waste recovered from the sea. As explained by both companies in a joint […]

Yeezy, the apparel and footwear brand launched by rapper Kanye West in partnership with Adidas, is expected to generate 1.3 billion US dollars in sales by the end of this year, according to a New York Times report. An unnamed source said West earns 5 percent royalties on net sales of the products, which […]

Fashion Network has reported that Vornado, a U.S. landlord, has raised questions over Phillip Green and his Arcadia Empire over the manipulation of a CVA vote by increasing its debt owed to suppliers. Arcadia Group just narrowly escaped collapse last week when its unsecured creditors voted to approve […]

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