Fashion
H&M profits rise in the third quarter
Despite the slowdown in sales during the third quarter, the Sweden-based fashion group saw its profits rise significantly in the period to 3.32 billion Swedish Krona (285.9 million euros)
Zara expands its pre-owned platform to France
After a successful rollout in the UK in October 2022, the fashion chain owned by the Spanish-based Inditex group has expanded its second-hand platform in France
Zalando: co-CEOs remain at the helm and sustainability and D&I come under the same umbrella
The e-commerce platform announced that the contracts of Robert Gentz and David Schneider as co-CEOs have been extended and that Pascal Brun has been appointed Vice President of Sustainability and Diversity & Inclusion
H&M anticipates 'flattish' sales
The Sweden-based fashion group has released a sales development update for the third quarter of fiscal 2023, ahead of the publication of the nine-month report scheduled for the end of September
Primark to close the year with sales growth
Primark's parent company, Associated British Foods (ABF), issued a trading update just before the end of its financial year, anticipating sales growth for both the last quarter and the full year
Inditex profits soar by 40% in the first half
The Spanish-based fashion group, which owns, among others, Zara and Massimo Dutti, posted a strong performance in the first half of 2023, marked by significant growth in profits
Changes at Uniqlo's leadership team
Fast Retailing has announced the appointment of its Founder Tadashi Yanai as CEO of Uniqlo. Meanwhile, Board Director Daisuke Tsukagoshi will serve as the retailer's COO
AAFA supports California bill on greenhouse gas emissions
The bill proposes that companies with more than 1 billion US dollars in gross revenue doing business in the state of California must annually and publicly disclose their greenhouse gas emissions
Farfetch remains optimistic despite stumbles in the second quarter
The UK-based luxury platform posted a small drop in revenue in the second quarter of 2023, as compared to the same period of 2022, while profits remain in the red zone since the first quarter
Zalando's EBIT up by 87% in the second quarter
The German-based online retailer posted an 87% increase in EBIT in the second quarter of the current year from the same period in 2022, despite a slight decline in GMV and revenue
Gap appoints new Chief Executive Officer
The owner of Old Navy, Gap, Banana Republic and Athleta brands has appointed Richard Dickson as its President and Chief Executive Officer (CEO), effective from the 22nd of August
Primark lowers prices across selected ranges of kidswear essentials
The fashion retailer has announced that it will lower prices on essential children’s items from the end of July to help British families cope with the ongoing high inflation
Strong first half for LVMH
The luxury group posted a 15% revenue growth and a 30% net profit rise in the first half of 2023, as compared to the same period of 2022, driven by a strong performance in Asia and Europe
Uniqlo's parent company posts revenue growth
The Japanese-based company posted a 21.4% increase in revenue from September 2022 to May 2023, as compared to the same period of last year, highlighting the performance of Uniqlo abroad in the third quarter-
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