Business

Revolve profit soars as demand for 'going out' clothes returns

LA-based fashion e-tailer Revolve has reported record profit in the first quarter of the year as US lockdown restrictions eased, stimulus checks were distributed, and demand for going-out clothes returned. The company, which targets Millennial and Gen Z consumers, said net income hit 22.3 million dollars in the first quarter ended March 31, a...

2 hours ago

Business |Interview

Harold Tillman calls for more support for creative talent

Harold Tillman, the British Fashion Council’s longest-serving chairman from 2008 to 2014 and the previous owner of fashion retailer Jaeger, is calling on the government to “save the bright, young minds” of our creative industry. The pandemic has hit the world of fashion, design and creative arts hard, especially those in higher education,...

6 May 2021

Business

Adidas forecasts strong top-line recovery in 2021

Currency-neutral revenues increase 27 percent at Adidas with footwear up 31 percent driven by double-digit gains in the training, running, outdoor and lifestyle categories. In euro terms, the company’s revenues grew 20 percent to 5.268 billion euros. “We are fast out of the gate in the first year of our new strategic cycle, with excellent...

4 hours ago

Fashion

Hollister Co launches fashion brand with Charli and Dixie D’Amelio

Hollister Co., a division of Abercrombie and Fitch Co., is co-creating an apparel brand with social media personalities Charli and Dixie D’Amelio. Social Tourist will debut exclusively in Hollister stores and online on May 20 and is described by the retailer as a “trend-forward” brand that has been “imagined and inspired by Charli and Dixie’s...

20 hours ago

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