Fashion
UK Retail: the sector appears to be holding its own
The UK retail sector appears to be holding its own despite fears of increased costs as a result of the new Employment Rights Bill. In particular, retail sales of Textile, Clothing and Footwear (TCF) have risen back-to-back in the first quarter of the year, and the improvement in footwear inflation from negative to neutral in March may suggest a boost to demand. Although consumers aren’t exactly optimistic about the future, especially with new rising bills and the ongoing US trade war, retailers still have reasons to restock
Zalando reiterates full year guidance
The fashion online retailer has reported a strong first quarter with growth in revenue and profits. As a result, it has confirmed its full year outlook despite the challenging macroeconomic environment
UK & Ireland remains a weak spot for Primark
Associated British Foods, owner of Primark, has released its trading update for the first half of its fiscal year. Primark’s sales grew in the period, despite weaker results in the UK & Ireland market
Global Fashion Summit focuses on innovation to turn barriers into bridges
Less than a month to go until the opening of the Global Fashion Summit, a leading international forum dedicated to sustainability. This year’s edition will focus on innovation to turn barriers into bridges
Asos profitability improves
The UK-based online fashion retailer has reported improved profitability in the first half of its current financial year, underlining the success of its new commercial model
Saks Global lays off hundreds of people
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, has laid off hundreds of employees as part of a plan to consolidate operations as the retailers merge
Spain Retail: a case for optimism
Despite a decline in fashion sales in January, February bucked the trend, and the data points to a stable performance for the sector in 2025, with online taking the lead. Although the deflation in the apparel and footwear sectors is not good news, retailers in general remain optimistic about the future - as shown by the import data - supported by the economic growth the country has experienced and is expected to continue to experience
New fashion chapter in Düsseldorf with TWODAYS
Set to debut alongside Düsseldorf Fashion Days, TWODAYS introduces a compact and refreshed approach centred on concentration, quality and relevance—paired with Neonyt’s sustainable fashion platform
Primark CEO resigns amid allegations of misconduct
Associated British Foods (ABF) has announced that Paul Marchant has resigned as CEO of Primark amid allegations of misconduct. He will be replaced on an interim basis by Eoin Tonge, ABF’s finance director
Gerry Weber goes bankrupt again
After its German parent company was declared insolvent, the Dutch branch of women’s fashion chain Gerry Weber has filed for suspension of payments. This is the third bankruptcy in six years
Financial head of Capri Holdings to join Macy’s
The US department store chain has shuffled its executive team to drive its Bold New Chapter strategy. In particular, Thomas J. Edwards will become chief operating officer and chief financial officer
H&M posts weaker-than-expected first quarter
The Sweden-based fashion group has posted weaker-than-expected first quarter results, but remains optimistic about the future as it continues to focus on long-term profitable growth
Inditex reports strong full year results
The Spain-based fashion group, which owns Zara and Massimo Dutti, among others, has reported a strong performance for the fiscal year 2024, with both sales and profits up year-on-year
Mango posts strong 2024 results
The Spain-based fashion retailer has posted strong results for fiscal 2024, with turnover up by 7.6% and net profit up by 17% as compared to the previous year-
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Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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