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
The Sweden-based fashion group announced that has been in talks with Ukrainian partners and authorities to gradually reopen most of its stores in the country from November
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
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
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
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
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
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
The Spanish-based fashion retailer has announced that it is investing in Union Avatars, a digital identity platform that enables the development of avatars in different styles
A coalition of 130 organizations representing the fashion industry from around the world is pushing for the modernisation of labelling requirements to enable a reduction in waste and greater consumer access to information
The Richemont-owned luxury fashion house has confirmed that its creative director, Gabriela Hearst, will step down later this year. No reference was made to the creative succession plan
The Sweden-based company saw its sales increase in the first half of fiscal 2023, but underlined the negative impacts of high raw materials and freight costs combined with a strong US dollar on results
Ted Baker has cut around 200 jobs in its head office workforce. This move comes as the company transitions to an outsourcing model following its acquisition by Authentic Brands Group (ABG)
According to a report by the non-profit financial think tank Planet Tracker, retailers and fashion brands have limited direct control of most negative environmental impacts in the textile industry
Consumer confidence in the UK has yet to take off to somehow improve retailers’ mood in the textile and footwear sectors. Rising wages, falling energy bills and even slightly lower inflation may help brighten the atmosphere, but the uncertainty surrounding all of these factors doesn’t help retail much at present. For now, except for sticking to their previous conservative import decisions and watching closely for upcoming changes in consumption patterns, there’s little to be done