Latest Articles in News

Crocs reports positive Q3 but adjusts full year outlook

Consolidated third quarter revenues at Crocs were 1,062 million dollars, an increase of 1.6 percent or 2 percent on a constant currency basis. Crocs forecasts full year revenues for the Crocs brand to grow approximately 8 percent versus growth of 7 percent to 9 percent prior. Revenues for the Heydude brand are expected to be down approximately...

Business

Boot Barn Q2 sales increase, CEO transition plan outlined

Second quarter results for Boot Barn Holdings showed promise for the footwear retailer, and came as it outlined its leadership transition plan for the months ahead. For the quarter ended September 28, 2024, the company reported a net sales growth of 13.7 percent over the prior-year, amounting to 425.8 million dollars, while its net income came...

Business

Harrods launches new e-commerce platform

Department store chain Harrods has unveiled a new e-commerce platform developed in partnership with and powered by enterprise commerce provider Scayle. The “strategic partnership” between the duo aims to “elevate the online purchasing experience”, Harrods said in a release, providing a “seamless journey” across the retailer’s product assortment....

People

Remain’s creative director steps down after one year

Martin Asbjørn, the creative director of Danish fashion brand Remain Birger Christensen, has announced his decision to exit the company just over one year into his role. Asbjørn revealed his plans on LinkedIn, where he said he had made the “difficult decision to part ways due to differing perspectives on the brand’s future design direction”. His...

Fashion

On, Patagonia, Puma, PVH, Salomon test Carbios' fibre-to-fibre recycling technology

Just over two years ago, in July 2022, the four textile and footwear brands On, Patagonia, Puma and Salomon announced that they had joined forces with French biochemical company Carbios to utilise its unique biorecycling technology for synthetic fibre recycling and to improve the recyclability and ongoing reusability of their products. This...

Business

French group SMCP keeps turnover almost the same in third quarter

French fashion group saw its turnover fall by 0.8 percent in the third quarter. After a dip in turnover in the previous quarters of the financial year, turnover in the third quarter remains virtually the same, according to the financial update. Turnover amounts to 292.6 million euros. The brands Maje and Sandro both show a modest plus in the...

Business

Asos and Hirestreet partner on subscription rental service

In an expansion of an existing relationship, Asos and Hirestreet are coming together on a new collaboration that will involve the introduction of a subscription rental service. The duo have worked together on a rental offer before, with Hirestreet having previously offered up 180 womenswear Asos pieces as part of its rental service in early...

People

Good American names Paul Griffin president

Good American, the denim-focused brand co-founded by Khloé Kardashian, has appointed Paul Griffin to the role of president. Griffin confirmed the news in a post on LinkedIn, where he said he was “looking forward to leading the team in the next chapters of growth across DTC, wholesale and retail, both domestically and internationally”. He joins...

Business

Esprit's US subsidiaries file for bankruptcy

Following the collapse of activities in key European markets, the wave of bankruptcies at clothing retailer Esprit Holdings Ltd. has continued. On Monday, the group announced that its US subsidiaries Esprit US Distributions Limited (USDS) and Esprit US Retail Inc. (USRI) filed for bankruptcy on October 25. According to the company, USDS is...

Retail

Swiss department store Manor modernizes its fashion departments

Manor is modernising its fashion range. The new fashion concept will be gradually introduced in twelve department stores over the next three years. The largest Swiss department store group is investing 50 million Swiss francs in the renovation. The modernized departments at the Basel and Lausanne locations will start at the end of October. The...

Fashion Featured

Diotima and Willy Chavarria among winners of 2024 CFDA Fashion Awards

The annual awards ceremony hosted by the Council of Fashion Designer of America (CFDA) took place last night at the American Museum of Natural History, where the council’s chairman Thom Browne welcomed honourees, nominees and guests at the opening. This year, multi-award winning actress and singer Cynthia Erivo served as the 2024 CFDA Fashion...

Business

Forget China, Chanel exec warns of luxury fatigue risk

A slowdown in the key Chinese market is currently lashing the financial performance of luxury houses but a Chanel executive warned Monday it faces an even greater risk from oversaturation and "luxury fatigue". Frederic Grangie, head of the watch and jewellery division at Chanel, told the Swiss daily Le Temps that 2025 and 2026 will be...