Retail

Does the middle market fashion consumer still exist?

In their heyday, middle market” mall brands reigned as royalty in American fashion and retail. The Gaps, Banana Republics, and J. Crews of the world were go-to apparel stores for those looking for everything from something casual to hang out with their friends to more formalwear in the case of Banana Republic and J. Crew. In the rising era of...

5 Aug 2022

Business

Will a new open-source marketplace revolutionise direct to consumer platforms?

Shopify’s sacking of 10,000 employees last week, the equivalent of 10 percent of its workforce, has left questions, if not holes, in the future of DTC platforms, where soaring costs, supply chain bottlenecks and a slowdown in consumer spending is hampering sales. For many small fashion businesses, advertising on Instagram and Facebook is no...

5 Aug 2022

Business

Yeezy Gap engineered by Balenciaga arrives in physical stores

The collaboration between Kanye West and Balenciaga arrives in stores at the Gap as the American brand changes direction. Will the Kanye West effect save Gap? In any case, the American brand has found a jump start. In one year, thanks to a partnership with the superstar, Gap regains some of its luster lost since the late 90s, revolutionizing its...

5 Aug 2022

Fairs

Just Around the Corner Manchester puts spotlight on Northern and indie brands

“We need support from retailers in the North to sustain a position here,” said Juls Dawson, founder and organiser of trade show Just Around the Corner (JATC), in a conversation with FashionUnited. A total of 150 brands exhibited at the event, which is now in its second season in Manchester, and was hosted from August 2 to 3, slightly ahead of...

5 Aug 2022

Business

Kontoor Brands Q2 revenue up 25 percent, lowers FY outlook

Kontoor Brands, the owner of denim labels Wrangler and Lee, has reported a 25 percent increase in revenue in the second quarter of the year. In the three months to July 2, revenue came in at 613.6 million dollars, compared to 490.8 million dollars a year earlier. That growth was primarily driven by the company's US business, which saw a 40...

5 Aug 2022

Culture |In Pictures

The Queen’s Platinum Jubilee celebrations continue at Windsor Castle

Celebrations for The Queen’s Platinum Jubilee is continuing at Windsor Castle with a special exhibition exploring the Coronation through portraiture, photographs and items of Her Majesty’s dress and jewellery, including the Coronation Dress, Robe of Estate and the Coronation Necklace and Earrings. The ‘Platinum Jubilee: The Queen’s Coronation’...

5 Aug 2022

Business

Alpargatas posts 40 percent drop in Q2 profit

In the second quarter, Alpargatas reached net revenue of 1.1 billion Brazilian real, up 2 percent or 10 percent in constant currency against the second quarter of 2021. In the second quarter, Alpargatas , owner of Havaianas, recorded a 40 percent decrease in net income to 64.2 million Brazilian real. Excluding data from Rothy's, recurring net...

5 Aug 2022

Retail

Does America have an inventory problem?

America may be on the cusp of an inventory problem. Research from the Wall Street Journal says the compounding excess of apparel and other stock is filling up US warehouses faster than goods are being sold. As supply chains continue to hinder deliveries, companies are stockpiling to avoid the perils of shipping bottlenecks, which has seen...

4 Aug 2022

More News

Fairs

5 Footwear trends spotted at JATC Manchester

A total of 150 brands exhibited at the second edition of trade show Just Around the Corner’s (JATC) Manchester-based event, which ran from August 2 to 3. Its layout saw exhibitors placed in zones dedicated to their particular industry sector, including a new addition, The Edit, which focused on womenswear brands with a more premium price point....

5 Aug 2022

Business

Former Tesco exec joins Burberry board

Burberry has announced that Alan Stewart has been appointed to its board as a non-executive director and member of the Audit and Nomination committee, effective from September 1. It comes as Matthew Key is set to retire from his position on the board as a non-exec director after nine years with the company. Stewart will be succeeding Key the...

5 Aug 2022

Retail

Dior opens first Scandinavian boutique in Oslo

French luxury maison Dior has chosen Norway’s capital as the location for its first boutique in Scandinavia. The new store is located on Nedre Slottsgate in the Promenaden Fashion District, Oslo’s luxury shopping hub, next to other storied fashion houses including Bottega Veneta, Hermès, and Gucci. The new store will carry the brand’s women’s...

5 Aug 2022

Business

Balenciaga strikes deal with Reliance Brands to bring brand to India

Luxury brand Balenciaga has signed a strategic deal with Reliance Brands Limited (RBL), which will see the couture label enter the Indian market. The long-term franchise agreement will make RBL Balenciaga’s exclusive partner in the region and marks the branding agency’s second deal with a Kering-owned label. It previously struck a similar...

5 Aug 2022