The UK Fashion and Textile Association (UKFT) has stated that the ‘no deal’ Brexit tariffs announced by the UK government is “a mixed bag for fashion” and will impact exporters, as well as imports from Turkey, which is a major supplier to the UK fashion industry. The temporary tariff plan in the event […]

Midlands-based sports fitness clothing brand Gymshark has launched the second phase of its tech incubator in partnership with Innovation Birmingham to offer business support for digital tech SMEs innovating in the West Midlands. The #LiftYourBusiness incubator aims to drive growth and opportunities […]

JD Sports Fashion plc has offered to take over Footasylum plc for 82.5 pence per share or 90.1 million pounds (119.81 million dollars) in cash. The company said in a statement that the offer price represents a premium of approximately 77.4 per cent to the closing price of 46.5 pence per Footasylum Share […]

Turkey's leading jeans and apparel brand Mavi has reported a 32 percent increase in revenues for its full year financial results for the year ending January 31, 2019. The company said, consolidated revenues increased by 32 percent to 2.353 billion Turkish Lira and net profit increased by 12 percent […]

BACKGROUND Just a few months ago, it seemed quite possible that German online retailer Lesara could become the number 1 in the international fashion discount market as planned: Sales were good, the company expanded into more and more European markets, won awards and was able to secure funds in financing […]

The Buckle, Inc. has announced that net income for the quarter ended February 2, 2019 was 41.1 million dollars or 85 cents per share or 84 cents per share on a diluted basis. Net sales for the quarter decreased 6 percent to 264.4 million dollars, while comparable store net sales decreased 0.6 percent. […]

Together with various partners, the United Nations launched on Thursday the UN Alliance for Sustainable Fashion at the UN Environment Assembly in Nairobi, Kenya. The Alliance seeks to halt the environmentally and socially destructive practices of fashion, pointing to the fact that the fashion industry […]

Online marketplace Trouva has announced a new partnership with real estate advisors Harper Dennis Hobbs (HDH) to help its community of 500 high street stores tackle the pressure of business rates. The partnership will see Trouva’s network of boutiques receive access to HDH’s bespoke business rates investigation […]

European online retailer, Showroomprivé said in a statement that its revenue rose around 3 percent to 672 million euros (761 million dollars), driven by France, where sales increased by 5 percent, and in a lesser measure by the business of the group internationally, where revenues rose 1 percent. The […]

Italian leather goods label Furla is booming. The company closed FY 2018 with a turnover of 513 million euros (approximately 579 million US dollars or 440 million pounds) and is seeking to diversify its portfolio by launching a sneaker collection. Founded in Bologna in 1927 by the Furlanetto family, […]

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