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Sainsbury’s Tu reports strong FY25 growth yet mulls redundancies

Supermarket giant Sainsbury’s reported a 4.9 percent increase in overall FY25 sales in a preliminary report published this week, with market outperformance particularly seen within its Tu Clothing line. Despite recording “strong” growth, however, the retailer is eyeing operational changes among the brand’s team, with redundancies believed to be...

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Les Deux: 14 years of uninterrupted growth despite a strained wholesale market

Danish brand Les Deux has confirmed its resilience and agility. In 2025, the Copenhagen-based label recorded a 13 percent increase in turnover, marking its fourteenth consecutive year of growth amid a challenging global wholesale market. While the fashion sector is experiencing a significant slowdown, Les Deux is demonstrating robust health. For...

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Meta plans 10 percent layoffs as AI spending soars: source

Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence. Meta will lay off about 8,000 employees and leave thousands of other positions unfilled next month, a source told AFP. The move comes as co-founder and chief executive Mark Zuckerberg makes a...

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The Platform Group reports strong growth in annual sales and earnings

Düsseldorf-based e-commerce group The Platform Group SE & Co. KGaA experienced strong growth in the 2025 financial year. On Wednesday, the company announced that sales last year reached 728.1 million euros, an increase of 38.8 percent compared to 2024. Gross merchandise volume (GMV) increased by 44.3 percent to approximately 1.30 billion euros....

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Hapag-Lloyd sees no current option for Hormuz passage

Germany's largest container shipping line, Hapag-Lloyd, currently sees no option to guide its commercial vessels through the Strait of Hormuz, where they are currently stuck in the Persian Gulf. There is currently no possibility of passage and the company is awaiting an opportunity, said chief executive officer Rolf Habben Jansen. He did not...

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Remembering Rana Plaza: Bangladesh has changed, the narrative has not

Today, the fashion industry remembers Rana Plaza. It should. On 24 April 2013, 1,134 people were killed in the deadliest disaster the garment industry has ever seen. Rana Plaza was not simply a building collapse. It was a moral collapse across global supply chains, exposing what happens when speed, low cost and distance from risk are allowed to...

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‘Loi Violland’, France's anti-fast fashion law: Brussels hits the brakes again

France's ambitious ‘anti-fast-fashion law’ (Loi Violland) is in limbo. Although the French Senate approved the law in 2025, the European Commission (EC), which had already raised objections last September, vetoed it again in April. Brussels argues that the law disrupts the principles of the European single market and is discriminatory, as stated...

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Zalando consolidates partnership models – Connected Retail to be discontinued

Zalando is consolidating its partner models and, in line with this, is discontinuing its Connected Retail programme. The Berlin-based e-commerce company confirmed the move to FashionUnited, following an initial report by trade publication Schuhkurier. The Connected Retail technology is set to be discontinued by June 30, 2027. In a statement...

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"Made in China" hopes for improvement with Trump visit

Canton - In the heat of a vast wholesale market in southern China, surrounded by clothing and footwear, traders are hoping that Donald Trump's announced visit will ease the American tariffs penalising their exports. Manufacturers and factories in Guangdong province, the country's manufacturing heartland, have borne the full brunt of the White...

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EssilorLuxottica Q1 Revenues Up 10.8 percent

EssilorLuxottica on Wednesday announced that consolidated revenue for the first quarter of 2026 reached 7,127 million euros, representing a year-on-year increase of 10.8 percent at constant exchange rates compared to 6,848 million euros in the first quarter of 2025. Revenue grew 4.1 percent at current exchange rates. Professional Solutions...

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Asos results: revenue declines, adjusted EBITDA up 51 percent

UK online retailer Asos has announced its interim results for the 26 weeks to March 1, 2026, revealing a 14 percent drop in first-half revenue to 1.12 billion pounds and a 137.9 million pounds statutory loss before tax despite a significant 51 percent increase in adjusted EBITDA. The report highlights a period of structural recalibration, where...

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Euratex: European textile and clothing industry contracts for third consecutive year

The European textile and clothing industry contracted for the third consecutive year in the 2025 financial year, according to the annual report from industry association Euratex. The report documents a continued decline in production, employment and confidence within the sector. The report shows that production volumes fell further in 2025....