While chalking out a three-year strategic plan to deliver 2021 adjusted earnings per share in the range of 2.65 dollars to 2.75 dollars, DSW Inc. has also changed it corporate name to Designer Brands Inc. The company now plans to focus on building exclusive brands and products for DSW and The Shoe Company […]

Danish shoe brand Ecco reported net sales of 1.31 billion euros (1.49 billion dollars) and profit before tax of 201 million euros (228 million dollars) in 2018 compared to 1.28 billion euros and 184 million euros respectively, in 2017. "It is very satisfactory for the employees to see all their hard […]

Austrian fiber firm Lenzing and Belgian chemical group Solvay have partnered up to launch a new sustainable fabric combining Tencel’s lyocell fibers and Amni Soul Eco, a biodegradable polyamide. The two companies said in a joint statement that the new fabric is designed to “further optimize the benefits […]

Total revenue at DSW Inc. increased 13.3 percent for the year to February 3, 2018 to 3.2 billion dollars, including 310 million dollars from the acquisitions of the Canadian business and Camuto Group. For the fifty-two week period, the company’s comparable sales increased by 6.1 percent compared to […]

A new wave of companies looking to make fashion more sustainable has joined Fashion for Good’s Plug and Play Accelerator program, which provides them with a twelve-week curriculum including mentorship and business development opportunities from Fashion for Good’s corporate partners C&A, Adidas, Bestseller, […]

Total sales at John Lewis for the week to March 16, were down 2.4 percent, as the company said in a statement that it annualised a week which included Mother’s Day, and price matched a competitor event that was smaller than last year. Fashion sales, Jon Lewis added, were down 0.5 percent on the same […]

Spanish fast fashion giant Inditex (Zara, Pull & Bear, Bershka, Stradivarius) has announced a multi-year agreement with the Massachusetts Institute of Technology (MIT) to conduct joint research on sustainability and recycling of textile materials, as well as new lines of research related to data analysis. […]

Istanbul - Denim manufacturer ISKO, part of Turkish holding SANKO Group, has opened a new distribution center near Istanbul, looking to accelerate delivery to its clients across 30 countries. The space, which is 40 meters high, 80 meters long and 45 meters wide, can store up to 128,000 rolls of fabric, […]

Barclaycard has signed a new agreement that will enable UK retailers to accept Alipay payments in-store, to help retailer’s capitalise and increase sales from Chinese tourists. The move builds on a successful pilot over the past two years, stated Barclaycard, which processes nearly half of the UK’s […]

Bonmarché Holdings plc has said in a statement that the company expected to achieve underlying PBT for the year within the lower end of the breakeven to loss of 4 million pounds. However, it added that trading since the beginning of March has been significantly weaker, reversing sales gains made in […]

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