Fashion

Trend alert: Men's statement jewellery

When the BBC Three series Normal People aired during lockdown one of its unlikely stars was a chain, the now infamous silver necklace worn by actor Paul Mescal. In one of the most talked-about tv adaptations of last year, Mescal’s neck jewellery inspired its own Instagram account, @connellschain, which to this day has over 167k followers. The...

30 Jul 2021

Business

Carter's posts strong sales and earnings growth in Q2

Carter’s, Inc. reported net sales increase of 231.5 million dollars or 45 percent to 746.4 million dollars, reflecting strong growth in all business segments. The company’s U.S. retail, U.S. wholesale and International segments grew 34 percent, 53 percent and 93 percent, respectively. The company said in a release that the second quarter results...

30 Jul 2021

Business

VF revenues jump 104 percent, raises guidance

First quarter revenue at VF Corporation increased 104 percent or 96 percent in constant currency to 2.2 billion dollars. The company said in a statement that excluding the impact of acquisitions, revenue increased 90 percent or 83 percent in constant dollars driven by VF’s largest brands and the EMEA and North American regions, which experienced...

30 Jul 2021

Business

Prada reports strong H1 sales, swings to profit

Prada has reported a 60 percent increase in sales at constant exchange rates in the first half of the year in what is the latest sign of the luxury industry’s recovery. In the six months to June 30, the Italian fashion house reported revenue of 1.5 billion euros, compared to 938 million euros last year when the company was hit hard by...

30 Jul 2021

Business

Hermès rebounds to pre-corona sales and profit levels

French luxury group said Friday that its sales and profit had bounded past pre-pandemic levels in the second quarter. While the firm known for its leather handbags and silk scarves acknowledged the exceptional nature of its performance due to the fact its stores were closed in many countries during the second quarter of last year, it also said...

30 Jul 2021

Business

Deckers Brands raises FY22 sales and profit outlook

For the first quarter, Deckers Brands revenue increased 78.2 percent to 504.7 million dollars, while earnings per share increased to 1.71 dollars. The company has raised the full year fiscal 2022 outlook and now expects earnings per share in the range of 14.45 dollars to 15.10 dollars. “Our portfolio of brands delivered a strong start to fiscal...

30 Jul 2021

Business

Mothercare reports widening full-year losses

Mothercare has reported widening losses and a drop in full-year turnover as the pandemic put a spanner in the works of the maternity and childrenswear specialist’s ongoing transformation strategy. For the year to March 27, the company’s statutory loss widened to 21.5 million pounds from 8.5 million pounds a year earlier, while its turnover fell...

29 Jul 2021

Business

Wolverine Worldwide posts Q2 sales growth of 81 percent

For the second quarter of 2021, Wolverine World Wide, Inc. said, reported revenue was 631.9 million dollars, up 81 percent versus the prior year. On a constant currency basis, revenue was up 77.7 percent versus the prior year. The company said in a release that total direct-to-consumer reported revenue was up 17.5 percent versus the prior year...

29 Jul 2021

More News

Business

Boohoo switches auditing model

Reuters has reported that online retailer Boohoo will be moving all of its suppliers to a new auditing model over the next 12 months. This was in response to controversies over their supply chain and poor labor practices. Last July the the London-based company commixed a review after the British press exposed them for subpar factory working...

30 Jul 2021

Business

Michael Kors and Versace parent Capri Holdings raises revenue forecast

Versace and Michael Kors parent Capri Holdings Ltd on on Friday raised its annual revenue forecast from 5.2 billion dollars to 5.3 bn dollars. The US-based conglomerate navigated the pandemic like most luxury giants, seeing a positive growth in sales of its accessories and ready-to-wear collections at the start of 2021. The company said revenue...

30 Jul 2021

Retail

Northern Ireland high street voucher scheme to begin in September

Northern Ireland’s High Street Scheme (HSS), which will see all adults receive a 100 pound voucher to use in physical stores, is to begin its roll-out in September, the country’s economy minister has confirmed. Gordon Lyons announced Thursday the contract for the delivery of HSS has been awarded to Prepaid Financial Services (PFS), and the...

30 Jul 2021

Retail

Econyl launches shoppable online platform

Sustainable textile manufacturer Aquafil has launched a new shoppable platform dedicated to Econyl, its regenerated nylon made from recycled waste. The new e-shop will allow users to browse through global brands using Eocnyl Regenerated Nylon, and will also provide information about the innovative fibre and the broader topics of sustainability...

30 Jul 2021

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