Fashion

Fashion's growth is surpassing sustainability efforts, says report

Growth in the fashion industry is hampering sustainability targets as environmental impact from brands, retailers and manufacturers remains high. Current reductions in carbon footprints, water usage and embracing circular businesses is far slower than the rate of growth. The UK Government has announced policies and proposals to decarbonise all...

2 Dec 2022

Business

Lands' End cuts full-year outlook after swinging to Q3 loss

US fashion and home decor retailer Lands' End has cut its guidance for the current year after falling into the red in the third quarter. The company swung to a net loss of 4.7 million dollars in the three months to October 28 from a profit of 7.4 million dollars the prior year. Gross margin decreased approximately 440 basis points to 40 percent...

2 Dec 2022

Business

Victoria’s Secret reports drop in Q3 profit

Victoria’s Secret has reported a drop in profit in the third quarter of the year, but still beat expectations. The intimates specialty retailer made a net income of 24 million dollars in the three months to October 29, down from 75 million dollars a year earlier. Its profit was above the high-end of its previously communicated guidance. It came...

2 Dec 2022

Business

Hush appoints Sarah Miles as its new CEO

Women’s fashion and lifestyle brand Hush has appointed former Amazon and Diageo executive Sarah Miles as its new chief executive. With more than 25 years of experience successfully driving growth across major UK and international consumer brands, Miles will join Hush on January 16, 2023, from global prestige beauty group Sephora, having...

2 Dec 2022

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