Total sales at John Lewis for the week ending August 17, 2019, were down 2.8 percent on the same week last year. The company said in a statement that fashion sales were also down 4.3 percent. However, sales of women's accessories were up 3.1 percent with premium accessories performing particularly well, […]

Global delivery software business Sorted Group has raised 15 million pounds in a Series B funding round led by Merian Chrysalis Investment Company Limited, alongside Praetura Ventures and NVM Private Equity LLP. The Manchester-based, Sorted, has developed a delivery management platform which allows […]

Tendam, having brands such as Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty under its portfolio is said to be considering going public. According to a report by CincoDías, the company may launch the initial public offering (IPO) in 2020. The report added quoting industry sources that […]

Pandora’s company-wide turnaround plan, ‘Programme Now,’ which is aiming to renew its entire customer experience to drive a “higher brand relevance”, is “on track” ahead of the brand’s relaunch later this month, as the jewellery brand releases its Q2 2019 results. In a statement, Pandora said that the […]

Asos has reportedly asked suppliers for a discount on its orders as the online giant continues to cut costs. In a letter sent to suppliers and seen by Drapers, Asos asked for a three percent discount on the prices of all stock it receives after 1 September. In the letter, Asos said: “We have recently […]

Levi Strauss & Co., Kontoor Brands - which owns Wrangler and Lee jeans - and The Children’s Place have all pledged to crack down on gender-based abuse in Lesotho garment factories after an investigation found women were being coerced into having sex in order to keep their jobs. The major fashion brands […]

New York – H&M announced Monday it is partnering up with India’s e-commerce giant Myntra to tap into the exploding Indian online market. H&M launched its dedicated Indian e-commerce site last year which, according to Fredrik Olsson, managing director at H&M, already generates over 15 percent […]

Tailored Brands, Inc. has announced the sale of its corporate apparel business to a group led by the existing corporate apparel U.K. executive team for total cash consideration of 62 million dollars. For the second quarter, the company expects to report net sales in the range of 787 to 789 million dollars, […]

StitchFix, ThredUp, Rent-the-Runway, The RealReal and Vestiaire Collective are just some of the leaders defining the new frontier of shopping for clothes, from fashion subscription services to the re-sale revolution, to peer-to-peer marketplaces, that is changing how we consume fashion. As the global […]

New York - West Africa's largest clothing manufacturer, DTRT Apparel Ltd (DTRT), has announced a major investment from investment firm Verod Capital Management and Red Bull GmbH. The amount remains private. Verod Capital is investing alongside a major strategic investor, Red Bull, which will be an anchor […]

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