Business

VF's Q3 revenues increase 22 percent, reaffirms outlook

Third quarter revenue at VF Corporation increased 22 percent, also up 22 percent in constant dollars to 3.6 billion dollars. Excluding the impact of acquisitions, the company said, revenue increased 15 percent or 16 percent in constant dollars driven by the EMEA and North American regions, which experienced a negative impact from Covid-19 in the...

17 hours ago

Fashion

Paris Haute Couture week celebrated a modern vision of craftsmanship

The spring summer 2022 season at Paris Haute Couture has come to an end, with perhaps less spectacle and more focus on its glorious savoir faire. The front rows were predictably absent of guests absorbing the limelight, with the exception of Kanye West and new girlfriend / muse Julia Fox. Images Schiaparelli FW22, courtesy of Schiaparelli Images...

17 hours ago

Business

Luxury group Aeffe annual revenue up 21 percent, strong growth in US

Aeffe has reported a 20.6 percent increase in revenue in fiscal 2021 as the Italian luxury group continued to recover from the pandemic. Its annual revenue came in at 324.6 million euros compared to 269.1 million euros in 2020, when it was hit hard by international lockdowns. Revenue was still down 7.6 percent, however, compared to pre-Covid...

18 hours ago

Business

Fashion Nova to pay 4.2 million dollars to settle allegations regarding suppressed reviews

Fast fashion retailer Fashion Nova is set to settle allegations by the Federal Trade Commission (FTC) which accused the brand of blocking negative reviews of its products on its website. A complaint filed by the FTC primarily alleged the online retailer was misrepresenting its product reviews as ones submitted by all purchasers, however, it...

18 hours ago

Business

H&M's revenue and profit increase, aims to double sales by 2030

Full-year net sales at H & M Hennes & Mauritz AB, in local currencies increased by 11 percent in the fourth quarter 2021 compared with the corresponding period last year. Converted into SEK net sales increased by 8 percent in the quarter to 56,813 million Swedish krona. For the financial year 2021 the H&M group’s net sales in local currencies...

21 hours ago

Business

LVMH revenues surpass 2019 figure by 20 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 64.2 billion euros in 2021, up 44 percent compared to 2020 and up 20 percent compared to 2019. Organic revenue growth was 36 percent compared to 2020 and 14 percent compared to 2019. The company said in a release that the group’s organic revenue growth of 22 percent in the fourth quarter...

28 Jan 2022

Retail |Interview

Spotlight on independent retailers: The Hambledon

Located in a historic house in Winchester, department store The Hambledon is home to a selection of contemporary curiosities and sought-after clothing brands. Owner Victoria Suffield has brought the store through a range of fresh phases since its opening in 1999, adapting the concept while always sticking to its initial entertaining presentation...

27 Jan 2022

Fashion

Puzzleware: The importance of kid’s involvement in garment creation

Children and their position in fashion is an element that is often easily overlooked in a world that is dominated by adult-centred creation. However, a new wave of DIY trends has sparked a revival of at-home crafts that gets people of all ages busy. Maija Nygren is one of those who has fully integrated this trend into her one-woman design...

27 Jan 2022

More News

Fairs |Interview

Sustainability and Supply Chain the talk of Lineapelle New York

Worldwide leather fair Lineapelle made its way back to New York this February. The tradeshow took place at New York’s Metropolitan Pavilion from January 26 to 27, highlighting the latest trends in the leather goods industry. This year’s hot topics were sustainability and the supply chain. Incas Italian Il Veleiro, an Italian leather supplier,...

8 hours ago

Fashion

MUSTANG autumn/winter 2022 menswear collection

The theme of Mustang’s autumn/winter 2022 collection is “Berlin 90”, which has inspired the design and style of the collection and signals a turning point for Mustang. Berlin in the ’90s was a symbol of optimism and a thirst for freedom and new horizons. In a city full of history, a fallen wall meant endless possibilities. Borders burst open and...

14 hours ago

Business

Bestseller signs deal for biodiesel truck deliveries in Europe

Bestseller has teamed up with transport and logistics company Freja to “significantly” reduce the CO2 emissions from the fashion group’s deliveries. The partnership between the two Danish companies will see biodiesel trucks running on hydrotreated vegetable oil (HVO) transport Bestseller’s products to the Nordic countries and other parts of...

15 hours ago

Business

Very Group streamlines category teams, two directors exit

The Very Group has reshuffled its category teams, which includes the departure of two category directors. The British retail group has consolidated its four existing category teams - fashion, electrical, developing categories and home - into just two, Retail Week reports. Retail commercial director Sam Wright will head the newly formed fashion,...

16 hours ago