New York – Olivela, a luxury apparel e-commerce platform based in the U.S. has recently completed a fundraising round. Led by Morgan Stanley, it secured 35 million dollars in Series A funding. The retailer plans to use the new funds to expand its business “both digitally and physically,” says CEO and […]

River Island has reported a drop in its operating profit to 35.1 million pounds for the 52 weeks ended 29 December compared to 80.6 million pounds for the same period last year. The 56 percent decrease was driven by continued investment in the business, which included investment in technology and service, […]

Spanish eco-label Ecoalf is entering the Japanese market with a joint-venture with Japanese clothing company Sanyo Shokai Ltd.. Ecoalf said it hopes to open its first store in Tokyo early next year as part of the omnichannel strategy that will cover retail, online and wholesale. Founder and president […]

Austrian fibre producer Lenzing Group announced plans today to enter the footwear segment in India, introducing Tencel for Footwear, its unique and globally acclaimed concept of the botanic shoe, in the country for sustainable options in footwear. The launch comes at a time when the Indian government […]

Total sales at John Lewis, the company said in a statement, for the week ending September 21, 2019, were down 12.4 percent on the same week last year due to warmer weather impacting sales of new season products. Fashion sales were also down 12.3 percent. Sales of beauty were, however, up 0.7 percent […]

After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending, Tiffany & Co CEO Alessandro Bogliolo said in an interview. China's luxury market has been on a roller-coaster since President Xi Jinping launched an […]

For the six months ended 27 July 2019, men's tailoring specialist Moss Bros reported an increase of total group revenue excluding VAT of 65.4 million, 1.4 percent up on the previous year, but losses widened. Like-for-like retail sales were up 2.9 percent for the period compared to last year, with store […]

In depth London - As competition intensifies in global apparel and footwear, market leaders are moving away from traditional business models and mature developed markets; seeking new kinds of growth from new sources. Ethical fashion is thus to grow into one of several mainstream tools that rivals use […]

New York – HBC Netherlands BV, owned by a joint venture of Hudson’s Bay Co. and Signa Retail Holdings, has recently announced it will close its 15 Hudson’s Bay stores, e-commerce site and headquarters in the Netherlands by December 31, 2019. The closings are not expected to have any impact on the day-to-day […]

German-based fashion and beauty company Zalando saw highly impressive growth in Q2, and expects their momentum to continue. The company saw their gross merchandise volume (GMV) increase by 23.7 percent on the year-on-year (YoY) basis to 1.76 billion pounds; increasing their revenues by 20.1 percent […]

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