Walmart sees smaller profit drop as discounts draw shoppers, but clothing struggles By Reuters Walmart nudged up its annual profit forecast on August 16, partly reversing a hefty cut less than a month ago, as discounts to clear excess merchandise and…
ABG settles lawsuit with Bolt Authentic Brands Grouppayment startup Bolt. ABG settles lawsuit with Bolt. – Facebook: Forever 21 As part of the settlement, Bolt will continue to offer seamless, one-click checkout to ABG’s brands Forever 21Lucky Brand “ABG has always…
Uniqlo sales fall in June but underlying picture is strong Fast RetailingUniqlo Uniqlo This time, the company said that “same-store sales declined sharply year on year in June as our decision to bring the start of the Uniqlo anniversary sale…
Abercrombie sees better holiday-quarter sales, posts surprise profit By Reuters Abercrombie & Fitch Abercrombie & Fitch The Ohio-based apparel retailer’s shares that have lost nearly half of their value this year were up about 19 percent after the company also…
The first edition of Mediterránea Fashion Week Valencia put evening wear at the forefront Translated by Roberta HERRERA The Spanish fashion events MBFW Madrid, 080 BarcelonaCalida With an initial investment of 60,000 euros by the Diputación de Valencia, the event…
Depop CEO Maria Raga to step down, Etsy’s Kruti Patel Goyal is new chief executive Fashion resale marketplace Depop said on Wednesday that its CEO Maria Raga is to exit the firm, with Kruti Patel Goyal, the chief product officer…
Arena celebrates 50th anniversary with record results Translated by Nicola Mira International swimwear brand Arena Arena In 2022, Arena generated the stand-out revenue figure of €141 million, up 45% over the €97 million recorded in 2021, and up 13% on…
Monsoon, Accessorize recovery moves into high gear, more stores planned Monsoon and Accessorize have bounced back from a bruising few years (even pre-dating the pandemic) and has reported strong growth “as their successful turnaround continues”. Monsoon Group sales rose 43%…
New York Governor signs off textile act New York Governor Kathy Hochul on Friday signed legislation to support New York’s textile manufacturing industry through a new bill that encompasses a series of new economic development programs for the Empire Michael Kors…
Not On The High Street names Leanne Rothwell CEO As it relaunches with a refreshed brand image, Not On The High Street has announced Leanne Rothwell as its new CEO. She steps up from Chief Commercial Officer and replaces Claire…
