Business |BACKGROUND

With platforms booming, what happens to wholesale?

When online retailers like Zalando, for example, want to triple their platform business in a few years, this will have serious implications for the traditional wholesale business and the brands involved. All the more so because Zalando is just one example of several. What does it mean when more and more online retailers develop their traditional...

27 May 2022

Culture

V&A to exhibit first Coco Chanel retrospective

Coco Chanel is coming to London. The Victoria and Albert Museum (V&A) in South Kensington is to host the UK’s first Chanel retrospective, from the early days when Gabrielle ‘Coco’ Chanel opened her millinery boutique in Paris in 1910, to establishing the foundations of the House and showing her final collection in 1971, the year Chanel died. The...

27 May 2022

Fashion |In Pictures

Fashion Revolution showcases textile garden at RHS Chelsea Flower Show

Not-for-profit campaign group Fashion Revolution has unveiled a garden highlighting natural dyes and plant fibres at the RHS Chelsea Flower Show by garden designer Lottie Delamain. Supported by Project Giving Back, the ‘A Textile Garden for Fashion Revolution’ highlights how plants have played a fundamental role in fashion, as dyes, fibres,...

27 May 2022

Business

AI solution provider Bold Metrics secures eight million dollars in Series A funding

Bold Metrics has announced that it has secured eight million dollars in Series A financing in a round led by Bessemer Venture Partners, bringing the company’s total funding to 12.3 million dollars. The company, which launched in January 2017, develops artificial intelligence (AI) Body Modelling technology, providing brands with data-led product...

27 May 2022

Business

Gap lowers FY22 outlook after tough Q1 trading

Gap has reported a 13 percent year-over-year drop in sales to 3.5 billion dollars in the first quarter of the year, with comparable sales down 14 percent. Online sales at the US fashion giant declined 17 percent, while its store sales were down 10 percent. The company swung to a net loss of 162 million dollars from a net profit of 166 million...

27 May 2022

Business

Farfetch posts Q1 revenue and GMV growth

In the first quarter ending March 31, Farfetch has reported an increase in gross merchandise value (GMV) and digital platform GMV of 1.7 percent and 2.5 percent, respectively, to 930.8 million dollars and 809.5 million dollars. Revenue increased 6.1 percent to 514.8 million dollars. Gross profit margin for the quarter was 44.8 percent and...

27 May 2022

Business

Macy’s Q1 sales and earnings jump, raises profit outlook

Diluted earnings per share at Macy’s Inc. were 98 cents in the first quarter and adjusted diluted earnings per share were 1.08 dollars compared to diluted earnings per share of 32 cents and adjusted diluted earnings per share of 39 cents last year. The company’s net sales increased to 5,348 million dollars, while comparable sales were up 12.8...

26 May 2022

Business

Alpine Group to adopt the Future-Fit Business Benchmark

Alpine Group, which supplies brands including The North Face, American Eagle Outfitters, Under Armour and Sweaty Betty, has become the first textile and garment manufacturer globally to adopt a new science-based sustainability management tool, the Future-Fit Business Benchmark. The end-to-end apparel manufacturing company announced the news to...

26 May 2022

More News

Business

What role will buy-now, pay-later programs play in inflation?

Buy-now, pay-later might not be a new concept (hello, credit cards and mortgages). However, programs like Affirm, Klarna, Afterpay, and Zip have modernized what could be likened to layaway in the old days with installment plans that are interest-free if you pay within a certain timeframe. This sounds almost too good to be true, but these...

27 May 2022

Business

Movado Group almost doubles Q1 profit

US watchmaker Movado Group almost doubled its profit in the first quarter of the year as its sales increased by 21.2 percent. In the three months to April 30, the group’s net income widened to 18.5 million dollars from 9.4 million dollars a year earlier. The group, whose portfolio of brands includes Movado, MVMT, Concord, and Ebel, reported...

27 May 2022

Fashion

Women’s Resort 2023 keys collections

Trendstop brings FashionUnited readers a first look at the latest Women’s Resort collections arriving for 2023. The first shows of the 2023 Resort season showed a contrast of styles and design reference. In difficult times, some designers opted to take inspiration from the past and reminiscences from golden eras and positive memories. For...

27 May 2022

Business

Gucci opens permanent Roblox residency, Gucci Town

Gucci has revealed a permanent experience through metaverse platform Roblox, digitising various elements of the luxury brand’s offerings for the digital world’s users. Gucci Town, the virtual piazza, hopes to connect with Gucci fans using the platform, allowing them to enter a series of buildings inspired by the brand’s real-world offerings....

27 May 2022