H&M Group has announced that Andreas Eriksson, the company’s head of media relations, will take on the position of communications director. Eriksson has previously held roles as communications director at UNICEF Sweden and managing director at Patriksson Group. He will be replacing Kristina Stenvinkel, […]

JD Sports and Authentic Brands could reportedly team up to acquire Topshop, the flagship brand of the collapsed Arcadia Group. UK sportswear retailer JD Sports and Authentic Brands, the US owner of Forever 21 and iconic department store chain Barneys, are in the early stages of talks over a joint bid […]

Express has secured a further 140 million dollars in financing to help bolster its liquidity. The fashion retailer has entered into a definitive loan agreement with Sycamore Partners as lead lender, along with Wells Fargo and Bank of America Merrill Lynch. The new financing includes a 90 million dollar […]

Canadian womenswear brand Aritzia has reported a slight increase in revenue in the third quarter of the year, driven by a surge in online sales. For the three months to 29 November, net revenue increased by 4.1 percent to 278.3 million dollars, while online sales during the period jumped 78.5 percent. […]

Fashion marketplace Poshmark has revealed the pricing of its IPO. The company said it plans to sell 6.6 million shares of its Class A common stock at 42 dollars apiece. The company is expected to be listed on the Nasdaq Global Select Market on 14 January under the ticker symbol ‘POSH’. It comes after […]

Primark has taken a 540 million pound sales hit related to lockdowns, the fast-fashion retailer’s parent company Associated British Foods (AB Foods) announced Thursday. The company said that number could reach 1.05 billion pounds if all of Primark's closed stores remain closed until 27 February 2021, […]

For the four months to December 31, 2020, Boohoo Group plc reported strong revenue growth of 40 percent to 660.8 million pounds, with growth across all brands and geographies. Gross margin for the four months was 53 percent, down 50 bps year on year. Following the strong peak trading performance, the […]

Consolidated revenue at Fast Retailing, totalled 619.7 billion yen, down 0.6 percent year-on-year, while operating profit totalled 113 billion yen, up 23.3 percent year-on-year driven by large increases in profit from Uniqlo operations in Japan and Greater China including Mainland China, Hong Kong and […]

Nordstrom, Inc. has reported a net sales decline of approximately 22 percent for the nine-week holiday period ended January 2, 2021. The company said, combined November and December sales were in-line with its expectations for a decrease in the low-twenties percentage range for the fourth quarter. Sales […]

Debenhams has announced it will permanently close six stores, including its Oxford Street flagship, resulting in 320 redundancies. The other affected stores are in Portsmouth, Staines, Harrogate, Weymouth, Worcester, and London. Staff at those stores were informed of the news last week. Debenhams began […]

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