Articles by Huw Hughes
Dior opens first Scandinavian boutique in Oslo
5 Aug 2022 - Retail
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...
Delta Apparel Q3 sales up 7 percent, but profits narrow
5 Aug 2022 - Business
US lifestyle and activewear company Delta Apparel has reported a 7 percent increase in sales in the third quarter of the year. In the three months to July 2, net sales came in at 126.9 million dollars, up from 118.7 million dollars a year earlier. Sales at the company’s Delta Group segment rose 3 percent to 106 million dollars, while sales in...
Kontoor Brands Q2 revenue up 25 percent, lowers FY outlook
5 Aug 2022 - Business
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...
UK to enter recession later this year, Bank of England warns
4 Aug 2022 - Business
The UK is set to fall into recession between October and December, the Bank of England has warned. It said it expects the recession to last until the end of 2023, which would be the longest since the 2008 financial crisis. “Inflationary pressures in the United Kingdom and the rest of Europe have intensified significantly since the May Monetary...
Torrid taps new COO and CFO, lowers Q2 guidance
4 Aug 2022 - Business
Plus-size womenswear brand Torrid has lowered its outlook for the second quarter of the year and announced key new appointments to its top team. The US brand, which specialises in fashion for sizes 10 to 30, has appointed Tim Martin to the joint role of chief operating officer and chief financial officer, effective September 12. Martin joins...
Under Armour cuts FY profit outlook
3 Aug 2022 - Business
Under Armour has lowered its full-year profit guidance as it expects higher promotional activities to cut into its margins. That came despite the company’s first-quarter earnings matching Wall Street expectations. In the three months to June 30, revenue at the US sportswear company was flat at 1.3 billion dollars compared to the prior year, with...
CIFF appoints new director ahead of August show
3 Aug 2022 - Fairs
Copenhagen International Fashion Fair (CIFF) has appointed Anna Sofie Dolva as its new director. Dolva joins CIFF from yet-to-be-launched tech-beauty brand Luluab, where she has served as chief commercial officer since June 2021. Earlier in her career, she spent five years at beauty giant L'Oréal, most recently serving as business unit director...
Company insolvencies in England and Wales jump 81 percent in Q2
3 Aug 2022 - Business
The number of companies filing for insolvency in England and Wales in the second quarter increased by 81 percent compared to the year before amid soaring inflation, new figures show. In the three months to 30 June, there were 5,629 registered company insolvencies after seasonal adjustment, according to the latest data from The Insolvency...
Rocky Brands Q2 revenue up 23 percent, but profits narrow
3 Aug 2022 - Business
Rocky Brands, a US designer, manufacturer and marketer of footwear and apparel, has reported a narrowing profit in the second quarter despite a 23.1 percent increase in sales. Net income in the three months to June 30 fell to 0.9 million dollars from 3.9 million dollars a year earlier. The company, whose portfolio includes brands Rocky, Durango,...
Leather goods manufacturer Pittards buys handbag label Hill & Friends
2 Aug 2022 - Business
British handbag brand Hill & Friends has been acquired by leather goods manufacturer Pittards. Pittards said in a release that Hill & Friends brings “a distinctive aesthetic, proven pedigree, and a loyal customer base, whilst also offering the potential for material international growth” to the company. Founded in London in 2015 by Emma Hill and...