Fashion
H&M sales decline in local currencies
The Sweden-based fashion group advanced that while sales were up by 3% as reported in the third quarter of the current fiscal, year-over-year, they dropped by 4% in local currencies
Tod's exceeds pre-pandemic levels
The Italian-based luxury group, whose revenue in the first half of 2022 grew by 17.4% year-over-year to 467.5 million euros, reported having "returned to values higher than those of 2019"
Inditex posts strong performance
The Spanish-based fashion group reported that sales, EBITDA and net income reached historic highs in the first half of 2022
Tapestry posts record yearly revenue
Despite reporting a weak fourth quarter, the owner of Coach, Kate Spade and Stuart Weitzman posted a record revenue of 6.7 billion US dollars over fiscal 2022, exceeding pre-pandemic levels
Sebastian Öhrn (Myrqvist): companies are moving towards more ownership of their brands and products
Today we talk with Sebastian Öhrn, founder of the brand Myrqvist. After organising a successful Kickstarter campaign, Sebastian created a business where we decided to cut out middlemen and sell its shoes directly to customers online and via a flagship store in Stockholm
Sustainability by Catarina Midby: we have to change now
Today we bring you an interview with Catarina Midby, expert in Communication and engagement in fashion, sustainability and innovation. With 2 decades of experience in the fashion industry, Catarina has been focused on trends, communication, sustainability and entrepreneurship and we talk about those today
Rikard Adolfsoon from Axel Arigato: consumers will expect brands to be sustainable
Today we bring you the second part of the interview with Rikard Adolfsoon, Supply Chain Director from Axel Arigato. We have talked about the impact of the pandemic in the business, sustainability, retail channels and the future challenges of the industry. Watch the video
Uniqlo owner raises outlook
The Japan-based Fast Retailing posted record profit results in the third quarter of fiscal 2022, with strong performances in every market except for Greater China, raising its outlook in result
Aldo Group completes restructuring process
The Canadian-based footwear and fashion accessories group announced that it successfully exited the restructuring process launched in May 2020 when it filed for credit protection amid the COVID-19 pandemic
Rikard Adolfsoon from Axel Arigato: we will continue to challenge everything
Today we bring you the first part of an interview with Rikard Adolfsoon, Supply Chain Director from Axel Arigato, which was founded in 2014 as a direct-to-consumer fashion brand. Axel Arigato has physical stores in six countries across Europe and UAE and is present online in 134 territories worldwide
Global personal luxury goods market to reach 360 to 380 billion euros by 2025
Despite the challenges and disruptions that happened at the start of 2022, the global luxury market will reach 360 to 380 billion euros by 2025, following the rebound experienced in 2021
H&M with sales growth
The Sweden-based fashion group reported sales growth of 17% in the second quarter of fiscal 2022, highlighting the return of customers to physical stores
Shanghai: fashion retailers struggle to clear stock
Almost a month since Shanghai lifted the strict COVID-19 lockdown, stores are struggling with piles of unsold stock, as wary consumers avoid shopping districts
Zalando cuts outlook as macroeconomic conditions worsen
The online retailer revised its guidance for fiscal 2022 due to the deterioration of macroeconomic conditions over the second quarter. EU consumer confidence index decreased further in June
Zalando acquires majority stake in Highsnobiety
With the transaction, multi-media global brand Highsnobiety will retain its editorial independence, with creative agency work remaining fully autonomous and management structure unchanged. Founder and CEO, David Fischer retains a minority stake in the business-
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