Fashion
Licence for Greenwash: false promise for certification continues
The report Licence for Greenwash shows that a majority of sustainability certification schemes fail to meet their promise and represent, at best, a sophisticated form of greenwashing
Steve Madden raises 2022 guidance
The New York-based designer and marketer of footwear, accessories and apparel for women, men and children reported record revenue of 559.7 million US dollars in the first quarter of 2022
Kering reports solid performance
The French-based luxury group posted solid growth in the first quarter of 2022. However, COVID-19 restrictions in China since March have weighed down on results, especially Gucci’s
Hermès reports strong sales across all segments
The French-based luxury group reached revenue of 2.77 billion euros in the first quarter of 2022, thanks to the acceleration in all the business lines and sustained growth in leather goods
Digitization and new consumer trends drove growth in 2021
2020 was a challenging year for most companies thanks to the outbreak of the COVID-19 pandemic, which led to severe supply chain disruptions throughout the globe, periods of halting in operations and physical retail, and an increase in raw materials and transportation costs. However, by mid-2021, there were already signs that things were taking a turn for the better, and some companies have managed to equal and even exceed their pre-pandemic performances. We took a look into the full-year 2021 results of some of the largest companies worldwide to observe how they pulled through the challenges brought by the COVID-19 pandemic
Tapestry donates 3 million USD to World Wildlife Fund
The Tapestry Foundation will provide a 3 million US dollars grant to support the development of an innovative system to enhance the traceability of the leather value chain in Brazil
LVMH off to a good start in 2022
The luxury group reported revenue growth in the first quarter of 2022, but remains vigilant due to "the current geopolitical context and the ongoing impact of the pandemic”, especially in China
Zalando strengthens senior leadership team
The German-based online platform has announced that Padmaja Bommareddy will join the company in the role of Senior Vice President (SVP) of Corporate Development
Less than 20% of retailers on track to meet sustainability targets
A study found that sustainability is now a strategic priority for retail businesses, but the vast majority is still failing to make meaningful progress
Capri to donate products to aid refugees of the war in Ukraine
The luxury group has announced that it will donate over 1 million euros in essential clothing from Versace, Jimmy Choo and Michael Kors to aid those displaced by the war in Ukraine
Farfetch invests up to 200 million US dollars in Neiman Marcus
The luxury e-commerce platform has announced a global strategic partnership with the US-based omnichannel luxury retailer Neiman Marcus Group (NMG)
H&M posts profit
The Sweden-based fashion group reported net sales growth in the first quarter of the current fiscal year, amidst concern over the impact of the Russia-Ukraine war
adidas adopts traceability solution for material compliance
The company is among the first ones to adopt the Stockholm-based company TrusTrace Certified Material compliance solution, which enables near real-time traceability at the material level
Inditex posts sales above pre-pandemic levels
The group reported revenue of 27.72 billion euros in 2021, despite COVID-19's impact in the first and fourth quarters. Online channel continues to gain track, representing 25.5% of total sales
MICAM closes with nearly 30 thousand visitors
Under the #BetterTogether hashtag, the four trade fairs dedicated to fashion and accessories showcased products of over 1 400 brands, confirming the events as a singular opportunity for networking-
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Footwear Consumer 2030
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