Mastercard is teaming up with global apparel companies, Marks and Spencer, Levi Strauss and Co., and VF Corporation, to pilot a scheme to pay garment workers digitally, to ensure that workers receive their wages “securely and consistently”. The new hybrid digital payment initiative, in connection with […]

European textile group Nextil, owner of brands such as Treiss, EFA, Ritex, Sici93, Playvest, Anna Llop or Dogi, reported first half EBITDA of 2.9 million euros (3.1 million dollars), 4.9 million more over the same period last year, reflecting the upward trend in profitability. The company said in a […]

Total sales at John Lewis for the week to September 28, 2019, increased 4.8 percent on the same week last year due to positive customer response to the start of the 20 percent off promotional Home event, which continues until October 6, 2019. The company said in a statement that fashion sales were however […]

Payment provider Klarna, which has surpassed 3 million active UK users in the past 12-months, has unveiled a major UK-wide outdoor advertising campaign to continue to boost growth. The ‘No drama, just Klarna’ campaign, in partnership with a number of its high profile retailers has launched across six […]

In the not so distant past fashion folks would fax hand-written orders to their suppliers and factories, use spreadsheets to create product costings and painstakingly keep track of sales and inventory the manual way. Why? Because technology came late to fashion. At the dawn of the e-commerce revolution, […]

ANALISYSNew York – U.S. retailer American Eagle Outfitters Inc (AEO) has unveiled its new sustainability goals which include becoming carbon neutral by 2030. The announcement has added to Wall Street’s positive outlook for the retailer’s stock. American Eagle explained in a corporate release on Monday […]

Lanvin S.A. and Marchon Eyewear, Inc. have announced a long-term global licensing agreement that encompasses both sun and optical eyewear under the Lanvin brand name. Marchon Eyewear will design, manufacture and distribute Lanvin eyewear globally. The collections will be available in select department […]

Secondhand marketplace Depop has received a 62 million dollar investment that they will be using to expand in Europe and Asia. THe U.K. based shopping app, which has seen significant growth in the United States, is focusing on expanding to more countries in Europe, as well as expanding in Japan and […]

Forever 21 has announced plans to wind down operations of its Canadian subsidiary, Forever XXI ULC, also referred to as Forever 21 Canada. The company voluntarily filed for bankruptcy protection under Chapter 11 this weekend. The American fast fashion chain was granted protection under the Companies' […]

Miss Selfridge reported a 17.5 million pound pre-tax loss in 2018. According to accounts filed at Companies House, sales at the fashion retailer for the year ended 1 September 2018 fell more than 15 percent to 102 million pounds, while pre-tax loss widened to 17.5 million pounds from 4.2 million pounds […]

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