The US-based brand management group has announced that it will acquire the Dockers brand from Levi Strauss & Co. for 311 million USD. The transaction is expected to be finalised in the third quarter
The footwear retail sector is definitely underperforming, especially compared with clothing and accessories. The current trade war between the US and its trading partners is not helping consumers recover from last year’s inflationary crisis. Consumer confidence has fallen by almost 30% in the first four months of the year as people believe that shoe prices may rise significantly again. Against this backdrop, importers are at a standstill, trying to guess the best course of action. Uncertainty is the word that best describes the current situation in the sector
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
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
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
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
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, 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
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
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
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
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
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
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
The Singapore-based fast-fashion giant has confirmed it will press ahead with its IPO plans amid potential tariffs and an uncertain economic environment. London listing in the spotlight