Fashion
Spain Retail: leaving COVID-19 fears behind
Despite the spread of the Omicron variant in the last quarter of 2021, the TCF retail sales index shows overall a slow, but positive trend, and retailers’ confidence has not returned below pre-pandemic levels. Consumers are less optimistic, but the results are not substantially worse than two years ago. At the same time, they have embraced e-commerce, which seems to have demarcated itself from the course of the pandemic
Aymod set to open its doors
The Turkish’s largest footwear fair, which will be held from the 30th of March to the 2nd of April, in Istanbul, is ready to welcome approximately 450 companies and more than 40 000 visitors
Fashion brands halt sales in Russia
Pressure has been mounting on the Fashion industry to cut off commercial trading with Russia in the aftermath of Russia’s invasion of Ukraine on the 24th of February
Steve Madden announces record revenue
The New York-based designer and marketer of footwear, accessories and apparel has reported revenue of 1.9 billion US dollars in 2021. Revenue in the fourth quarter grew by 63.9%
Hermès posts strong performance in 2021
The French-based luxury group reported an increase in revenue of 42% at constant exchange rates, and 41% at current exchange rates, as compared to 2020, reaching 8.98 billion euros
H&M sales bounce back to pre-pandemic levels
The Sweden-based fashion group has announced that net sales for the financial year of 2021 amounted to 18.9 million euros, backed by a strong fourth quarter performance
Burberry announces full-price sales increase
The UK-based luxury group has reported that, in the third quarter of fiscal 2022, full-price sales increased driven by a strong performance in outwear and leather goods and in the US market
Coach partners up with Savory Institute
The subsidiary of Tapestry has teamed up with the Savory Institute’s Land to Market Programme to support the regenerative agriculture movement, reducing its impact on climate change
Fashion bets on data-analysis science
The Retail Data-Forwardness Index shows that 22 leading global fashion companies employed 40.3% more data related professionals in 2021 than in 2020
Launch of Pact of Skills for the European Fashion Industry
The TCLF Pact of Skills is an initiative promoted by the European Commission to support the investment in upskilling and reskilling across the fashion industry
H&M will announce full year results next month
The Sweden-based fashion group has released its sales development for the full year of 2021, including its fourth quarter. The full report will be published on the 28th of January 2022
Authentic Brands Group valued at 12.7 billion US dollars
The retail conglomerate, whose portfolio of brands includes Forever 21 and Barneys New York, is delaying its planned initial IPO and selling major equity stakes in its business-
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