The British Fashion Council (BFC) is appealing to the government to avoid a no deal Brexit, claiming that it would have a “negative impact” on the fashion industry. In an open letter, the BFC states that based on export figures from 2018, it is estimated that switching to World Trade Organisation (WTO) […]

Arcadia has denied claims that owner Sir Philip Green is considering breaking up the brands in his group so they can be sold separately over time. According to the Sunday Times, Arcadia has begun separating shared functions such as HR and IT across the brands, which include Topshop, Dorothy Perkins, […]

The VF Corporation, parent to brands like Timberland, the North Face, Vans, Dickies and Kipling, announced on Friday that it would no longer source leather from Brazil due to environmental concerns. From 1st January to 20th August 2019, fires in the Brazilian Amazon have increased by 84 percent compared […]

Indian e-commerce marketplace Flipkart Group has signed a deal with Authentic Brands Group (ABG) for the licensing and distribution of lifestyle brand Nautica in India. As a part of this agreement, Flipkart Group will manage Nautica’s online and offline business, through a network of franchise partners, […]

Gap Inc. has announced that, following the completion of its split from Old Navy, the new public company, currently referred to as NewCo, will retain the Gap Inc. name. The new Gap Inc. will include the remaining brands following the separation from Old Navy, including Gap, Banana Republic, Athleta, […]

Canadian retailer Hudson's Bay is reportedly planning to close all its stores in the Netherlands by the end of the year. A total of 15 stores will be closed and 1,424 jobs will be lost, according to Dutch newspaper Het Financieele Dagblad (FD), citing a letter from Hudson’s Bay parent company Hudson’s […]

Value footwear retailer Shoe Zone saw its shares plunge by more than 30 percent after the company announced the resignation of its chief executive and a stark profit warning on Friday. Shoe Zone, which operates 550 UK stores and has 4,000 employees, saw shares fall as low as 116.6p in early trading […]

US retailer Forever 21 is mulling a bankruptcy. The news was first reported by Bloomberg on Wednesday, which said options for a turnaround are swiftly dwindling. Huge debts, underperforming stores and lacklustre collections have been ailing the troubled fashion chain. Forever 21 currently operates over […]

ANALYSIS New York - Calvin Klien owner, PVH Corp (PVH), delivered better-than-expected second-quarter fiscal 2019 results, wherein both the top and bottom line surpassed analysts’ consensus. As highlighted by Zacks, the company delivered 21st straight quarter of earnings beat. However, quarterly results […]

New York - Spanish fashion group Adolfo Domínguez has closed the first quarter of its fiscal year 2019 (March-May 2019) selling 6.4 percent more. Over this period – the first complete quarter led by Adriana Dominguez as CEO - the fashion retailer has piloted a new design strategy. Comparable global […]

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