Fashion
The latest news
JD Sports buoyant in Q2 as it bounces back from earlier slowdown
JD Sports Fashion may have had some downs as well as ups this year, but its Q2 trading update on Thursday (22 August) showed it’s back to seeing mainly the latter.
Fashion
TJ Maxx owner gains mideast access with Brands for Less stake
The owner of T.J. Maxx has acquired a 35% stake in Dubai-based Brands for Less for $360 million, giving the US discount retailer access to fast-growing consumer markets in the Middle East.
Fashion
Adidas executive board member steps down as core team shrinks
Adidas AG is shrinking its top executive ranks as Martin Shankland steps down as head of global operations and leaves the company, Adidas said in a statement Monday.
Fashion
Esprit France declares bankruptcy amidst ongoing financial struggles
Esprit France, previously weathering the storm affecting its parent clothing group, has now been placed under the protection of the Nanterre commercial court as of July 18.
Fashion
Unified Commerce Group acquires Greats from Steven Madden, invests in Böhme
Unified Commerce Group announced on Monday it has acquired Greats Inc., a digitally-native footwear brand specialising in premium sneakers for men and women, as well as making an investment in womenswear retailer Böhme.
Fashion
Guess names new interim CFO
Guess Inc. announced on Monday the appointment of Dennis Secor to the role of interim chief financial officer, effective August 26.
Fashion
Gokaldas defers Bangladesh apparel unit plan as unrest lingers
Gokaldas Exports Ltd. has decided to put its plan to build a garments factory in Bangladesh on hold as the nation continues to face political turmoil that has killed hundreds of people during weeks-long violence.
Fashion
All Ted Baker UK stores to shut this week - report
A few weeks ago it was a "might happen" and now it looks certain with a report that all Ted Baker shops in the UK will shut for good by midweek.
Fashion
China's spending slump weighs as e-commerce giant Alibaba misses estimates
Alibaba Group Holding missed market expectations for first-quarter revenue as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.
Fashion
China e-commerce group JD.com beats profit forecasts in second quarter
Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-conscious shoppers to its platform.
Fashion
Spanish fashion group Mango adds Hong Kong shop with rent 60% off peak
Mango has rented a 19,000-square-foot store in Hong Kong’s prime retail district Central, people familiar with the matter said, the latest in a slew of global brands returning to the shopping hub, lured by lower rent.
Fashion
UK retail sales rise after discounts and Euros lift spending
UK retail sales bounced back in July after summer discounts and the Euros football competition unleashed spending at department stores and sports shops.
Fashion
Tapestry quarterly profit beat Wall Street’s view despite sales dip
Tapestry Inc.’s shares rose as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears.
Fashion
Seoul authorities find toxic substances in Shein and Temu products
Women's accessories sold by some of the world's most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said.
Fashion
Nike rises after Bill Ackman’s Pershing Square discloses stake
Nike Inc. shares gained in late trading on 14 August after Pershing Square Capital Management LP disclosed a new stake in the world’s largest sportswear company.
Fashion
Victoria's Secret names Rihanna exec as its new CEO, upgrades Q2 guidance
Lingerie giant Victoria’s Secret & Co (VS&Co) has named Hillary Super as its new CEO and board member, effective September 9. She succeeds Martin Waters in both roles.
Fashion