The Fast Retailing Group has announced a shakeup of the business model of its premium denim brand J Brand which will result in an undisclosed number of job cuts. To be more precise, the company said it will launch a “strategic plan to rearticulate the business model” of the brand “and shift direction […]

The owner of British footwear retailer Hotter Shoes is reportedly preparing to put the business up for sale. Electra Private Equity has called in investment bank Stifel to run an auction of the company during the course of next year, Sky News reports. Sources told the publication that the sale process […]

US fashion e-tailer Revolve has more than doubled its profit in the third quarter despite a small dip in sales. For the three months to 30 September, the California-based company saw its net profit increase 103 percent to 19.4 million dollars, while net sales dropped 2 percent to 151 million dollars. […]

The Covid-19 pandemic has tested the mettle of fashion executives worldwide. They have had to adapt quickly, shifting retail operations primarily online, reimagining their distribution and production, and moving their workforce to remote offices. In more dire cases, they have furloughed or fired employees, […]

Gross merchandise value at Farfetch for the third quarter increased by 305.8 million dollars 797.8 million dollars, representing year-over-year growth of 62.2 percent. The company said in a statement that digital platform GMV increased by 253.8 million dollars to 674.1 million dollars, growth of 60.4 […]

HanesBrands has announced that Greg Hall will join the company as Chief Consumer Officer, effective November 16, 2020. “Greg is an outstanding merchandising and marketing leader with a track record of driving growth across industries. He will be responsible for how we engage with our consumers, from […]

Dillard’s, Inc. reported net income for the 13 weeks ended October 31, 2020 of 31.9 million dollars or 1.43 dollars per share, compared to 5.5 million dollars or 22 cents per share, for the prior year third quarter. The company expects to be in a net operating loss position for the fiscal year. Net […]

Mytheresa.com GmbH, the online luxury e-commerce site, is planning to go public in early 2021. The news was reported by Bloomberg. The German e-commerce company has seen impressive growth over the past several years, and is seeking a valuation of 1 billion to 1.5 billion dollars. The company’s success […]

GCDS, the streetwear brand co-founded in 2015 by brothers Giuliano and Giordano Calza, has sold a majority stake to Italian private equity Made in Italy Fund, managed by Quadrivio and Pambianco. Giuliano and Giordano Calza, creative director and chief executive officer, respectively, will maintain their […]

Arch and Hook, the world’s leading and only sustainable hanger brand, has released a 32-page report on plastic hanger usage in the UK clothing market as it looks to uncover the truth about pollution in the fashion industry, especially the consequences of plastic hangers on the environment. The research […]

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