Asos plc expects sales and profit growth for the full year to be ahead of market expectations. The company anticipates revenue rise between 17 percent and 19 percent with PBT in the region of 130 million pounds-150 million pounds. The company said in a statement that improvement in expectations is supported […]

Baird Group, the license holder of brands Suit Direct and Ben Sherman, has received approval from its creditors to go ahead with a company voluntary arrangement (CVA). The vote saw around 94 percent of all voting creditors choosing to approve the CVA, which was put forward on 23 July 2020. Mark Cotter, […]

Mike Ashley’s Frasers Group has delayed its annual results for the second year in a row. The company, whose portfolio includes brands House of Fraser, Jack Wills, Flannels and Evans, was slated to publish its full-year results on Thursday but has now said it needs more time to complete its accounts. […]

Wolverine World Wide, Inc. has announced the appointment of Brendan Hoffman as its next President and his appointment as a member of its board of directors, both effective on his expected start date of September 8, 2020. Hoffman, the company said in a statement, will report to Blake W. Krueger, Wolverine […]

Total first quarter revenue at Canada Goose Holdings Inc. was 26.1 million Canadian dollars compared to 71.1 million Canadian dollars in the same quarter last year. The company said in a statement that DTC revenue decreased to 10.4 million Canadian dollars from 34.8 million Canadian dollars, driven […]

Adidas Ag has appointed Thomas Rabe, Chief Executive Officer of Bertelsmann, as Chairman of the company’s supervisory board. The company said in a statement that he will succeed Igor Landau, whose supervisory board mandate expired after 16 years at the end of the annual general meeting on August 11, […]

Debenhams is reportedly planning to cut 2,500 staff throughout its stores and warehouses in a measure to reduce costs amid the Covid-19 pandemic. The department store chain is scrapping the roles of sales manager, visual merchandise manager and selling support manager as it looks to streamline its shopfloor […]

British fashion chain Select is reportedly planning to launch its third company voluntary arrangement (CVA) in a bid to agree rent cuts with landlords. The company has called in advisors Howard Kennedy to help with the negotiations after it reportedly failed to pay rent since the Covid-19 pandemic hit, […]

Research from search engine WhistleOut shows Instagram and Facebook display the most advertising in user feeds across social media platforms. Facebook feeds were found to have an average of 21.2 percent ads while Instagram had 20.6 percent. LinkedIn was next with 19.6 percent followed by Twitter (14.2 […]

BACKGROUND The Corona pandemic has hit the apparel industry’s global supply chains hard. How are they recovering? What changes will the pandemic bring? Clothing manufacturers, sourcing platforms and buyers talk about their expectations for the future and whether they believe in the nearshoring trend. […]

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