Fashion
Unfavourable weather impacts second half sales of Primark in the UK and Ireland
The parent company of Primark has reported that it expects lower revenue in the second half of the year, as wet weather in the UK and Ireland hit its performance in the region
Uniqlo appoints Clare Waight Keller as Creative Director
Japan-based Fast Retailing has announced the appointment of the British designer Clare Waight Keller as its new creative director. She has previously worked at the luxury houses Givenchy and Chloé
Zalando grows in the second quarter
The German-based online fashion retailer has seen its sales accelerate in the second quarter of the year and profitability improve. CFO Sandra Dembeck will exit the company in February 2025
Authentic announces new Ted Baker licensing partners for the US and Canada
The New York-based brand management group has announced that it has found new licensing partners for Ted Baker in the US and Canada, thus securing the future of the fashion brand in the region
Japan Retail: slow but steady future for retail
After unexpectedly slipping into recession at the end of 2023, the Japanese economy appears to be back on track to grow 3.2% in 2024 (FMI forecast). Against this backdrop, fashion retail sales are outperforming the overall retail performance and, interestingly, footwear inflation is now below the 2% target for any economy. However, the picture is not so clear-cut. The weak yen could dampen any growth in imports and the country is still adjusting to a major change in monetary policy. Nevertheless, as predicted in our last Flash, it’s safe to say that a modest recovery has taken place in the sector
Tapestry appoints Eva Erdmann as CEO & Brand President of Kate Spade
The New York-based company has appointed Eva Erdmann as CEO & Brand President of its Kate Spade brand, effective October. She will succeed Liz Fraser, who is leaving Tapestry in September
Deflationary trend helps revitalise UK fashion retail
The UK fashion retail sector benefited from a deflationary trend in July, according to the British Retail Consortium (BRC), giving consumers a temporary respite from recent difficult months
Ted Baker to close all its UK stores
Ted Baker is planning to close all its UK stores within weeks, according to multiple reports. Hundreds of staff at the fashion retailer have reportedly been told they will lose their jobs
LVMH posts a 14% drop in net profit
The French-based luxury conglomerate has posted a 14% year-on-year fall in first half net profit amid an uncertain macroeconomic environment. Fashion & Leather Goods division hit by currency fluctuations
Mango launches first campaign entirely generated by AI
The Spanish fashion group has used generative AI to create a campaign for the limited-edition Sunset Dream collection of its youth line. The initiative underlines the company’s commitment to innovation
Uniqlo fuels growth for Fast Retailing
The Japanese fashion retailer has posted a large increase in revenue and profits in the first nine months of its current fiscal year, driven by strong performances from Uniqlo across almost all regions
Low expectations for a recovery in the Italian luxury sector
There are no signs that the downturn in the luxury sector is over, says the Confindustria Moda. Only 1 in 10 entrepreneurs expects an improvement in the second quarter of the year
UK Retail: are the winds starting to blow in retailers’ favour?
Despite a slight upturn in sales of Textile, Clothing and Footwear in March, a number of factors, including an early Easter, poor weather and the high cost of living, soon led to a visible lack of demand. This will most likely lead to a decline in the number of footwear imports, breaking the growth trend seen in the first quarter of the year. On the bright side, inflation is at its lowest since November 2021 and the economy seems to be picking up, so there is room for some improvement in consumer sentiment. With the UK on the brink of a General Election and a series of sporting events promising to bring people onto the streets, are the winds starting to blow in retailers’ favour?
H&M posts solid second quarter
The Sweden-based fashion group has reported a solid performance in the second quarter of 2024. However it has also warned of a drop in sales in June, mainly due to “unstable weather” in some of its key markets
Scotch & Soda Northern Europe will not reopen
Following the declaration of bankruptcy on the 12th of June, the administrators have announced that the northern branch of Scotch & Soda will not be reopening-
-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
-
World Footwear Public Calendar
Click here to subscribe an updated version of the calendar displaying the footwear trade shows.
-
-
-
-
-
Media Partners
Media Partners
-
SHOES-MAGAZINE.COM
La Conceria
Shoes Report
ARS ARPEL