Next brand full price sales in the first half of this year were down 33 percent on last year and total sales including markdown sales were down 34 percent, while profit before tax was 9 million pounds. Next plc said in a statement that since full price sales at the beginning of the second half have […]

‘Technology’ in fashion is a wide-reaching term, one that covers anything from product data and traceability, to logistics, inventory management and garment labels. As an umbrella term, technology covers all of these topics and is an increasingly pivotal enabler of circular business models. But when […]

As of June 30, 2020, the Salvatore Ferragamo Group reported revenues of 377 million euros down 46.6 percent at current exchange and 46.9 percent at constant exchange rate. Revenues in the second quarter registered a 60.1 percent decrease at current exchange and 59.4 percent at constant exchange rates. […]

When it comes to wholesale buying and selling, Neocles is disrupting the industry with its innovative, efficient and intelligent system. Neocles reduces barriers to purchasing and provides an Instagram-like canvas for frequent and authentic storytelling by the brands. The tech firm recognises that fashion […]

We have all seen the images of plastic waste such as carrier bags and drinks bottles polluting our oceans, but it is less well known that another, major source of this pollution is the clothing we wear. Around 60 per cent of the materials that are used to make clothes are made from man-made fibres such […]

We have seen a shift in clothing production areas in recent years. Even though many fashion companies in the EU are still dependent on manufacturers in China and Southeast Asia, slowly but surely the focus is shifting to areas closer to home. The demand for sustainability, price changes and the recent […]

Inditex Group sales continued to recover during the first half of 2020 to reach 8 billion euros, decline of 37 percent, helped by an improved second quarter, when the fall in sales slowed to 31 percent, from a decline of 44 percent in the first quarter. The company said in a statement that it also returned […]

Luxury marketplace Farfetch is refreshing its brand identity alongside a new global campaign that puts its boutique business model “front and centre”. The campaign ‘Open Doors to a World of Fashion’ celebrates the businesses global community, while the overhauled website aesthetic aims to cement its […]

Kohl's Corp. (KSS) disclosed in a regulatory filing on Tuesday that it reduced corporate jobs by about 15 percent, as it looks to save cash due to the business impact resulting from the COVID-19 pandemic. According to reports, the department store operator cut jobs at its headquarters in Menomonee Falls, […]

New Look CVA approved New Look Retail Holdings Limited has announced that the company voluntary arrangement (CVA) proposal launched on August 26, 2020 has been approved by the requisite majority of its unsecured creditors. The company said in a statement that the approval for the CVA proposal means […]

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