As nichification defines smaller communities and fashion tropes, there is one market segment that has remained largely forgotten by the fashion industry: the over 50s. New research has revealed this group has the financial prowess to be seen, heard and dressed well, as older people will spend 2.9 billion […]

The future of Belstaff is reportedly dependant on its billionaire owner Sir Jim Ratcliffe after the British heritage brand posted a 48 million pound loss last year. The brand could struggle to survive without financial aid from Belstaff’s parent company Ineos, the company’s auditor KPMG said, according […]

Releasing preliminary figures for the year to December 31, 2019, Brunello Cucinelli S.p.A. said net revenues for 2019 were equal to 607.8 million euros (679.5 million dollars), an increase of 9.9 percent at current exchange and 8.6 percent at constant exchange rates. The company’s home market, Italy […]

For the week to January 4, 2020, John Lewis reported total sales increase of 3.3 percent on last year in the first full week of clearance. The company said in a statement that fashion sales were up 6.4 percent, with womenswear up 10 percent and womenswear accessories up 22.6 percent. Sales of beauty, […]

INTERVIEW German start-up Retraced uses blockchain technology to collect data in the value chain of fashion brands and thus contributes to transparency in the supply chain: End customers can trace the extent to which their consumer behaviour influences the environment and the lives of the people involved […]

Leading sustainability initiative WRAP (Waste and Resources Action Programme) started its four-year pan-European progamme, the European Clothing Action Plan (ECAP), in September 2015. Its aim was to reduce the carbon, water and waste footprints left behind by the apparel industry throughout the European […]

At the beginning of the year, quite a few sustainability initiatives were announced. From brands, retailers to manufacturers, everyone wants to be in on circularity, recycling and in general, running one’s business more responsibly. It is heartening to see sportswear brands taking the lead and presenting […]

Mountain Warehouse has reported 16.2 percent growth in sales over the Christmas trading period to 95.8 million pounds (125.7 million dollars). The company said in a statement that it also saw a bumper Black Friday with sales of over 2.5 million pounds and the group on track for record full-year profits. […]

For the year to March 31, 2019, British clothing company Fred Perry Limited reported net turnover of 122.2 million pounds (160.2 million dollars), an increase of 3 percent compared to the previous year. The company said in accounts filed with the Companies House UK that sales in the UK remained at the […]

Toms Shoes has transferred ownership of the company to its creditors to restructure its debt. Reuters first reported the news following a letter sent by the company to its employees at the end of December. Previously, Toms was owned by brand founder Blake Mycoskie and private equity firm Bain Capital. […]

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