Latest Articles in Business

The Good Cashmere Conference focuses on animal and environmental protection, transparency and innovation

For two days, experts from the global cashmere and textile industry, representatives of international non-governmental organisations and scientists met in Hamburg, Germany at the invitation of the Aid by Trade Foundation for this year's The Good Cashmere Conference 2025. Representatives from Textile Exchange, Four Paws, Zadig&Voltaire, Marc...

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Mister Spex reports increased losses in 2024, implements restructuring program

Berlin-based eyewear retailer Mister Spex SE reported expected sales declines and increased losses for the 2024 fiscal year, according to the company's annual report released on Thursday. Management is now hoping for positive effects from the comprehensive restructuring program "SpexFocus," launched last August. Stable sales in Germany Revenue...

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Business rates reform absent from spring statement: concerns for retailers in the UK

In her first spring statement and second budget as UK Chancellor, Rachel Reeves presented a plan aimed at kick-starting the country’s faltering economy. In her statement on Wednesday, the UK’s first female Chancellor admitted that “growth is still not where it should be” but nonetheless reiterated the government's decision to raise the National...

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H&M closes quarter with 3 percent sales increase, profits halved

H&M reported increased turnover (though weaker than analysts' forecasts) for the quarter spanning December 1 to February 28. Furthermore, the Swedish group's sales are projected to increase by 1 percent in local currency in March compared to the same month last year. In a statement released today, March 27, the company estimates that the overall...

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Introducing the FashionUnited executive subscription

In today's volatile market, decisive leadership hinges on access to premium, data-driven insights. FashionUnited is enhancing its commitment to the apparel industry by investing in more content focusing on financial results, technology, sustainability, market statistics and executive interviews. This specialized Executive section is now...

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Lululemon invests in scaling bio-based nylon with ZymoChem

Canadian athletic apparel company Lululemon has entered into a multi-year collaboration with California-based biotechnology firm ZymoChem to expand its use of sustainable bio-based nylon in its products. Lululemon said it would work with ZymoChem to sustainably transform a key building block of nylon 6,6, a foundational material used in many of...

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Frasers Group to bring Sports Direct stores to India, four new Southeast Asian markets

British retail giant Frasers Group and Indonesian departmental store operator MAP Active have announced the expansion of their partnership to launch the Sports Direct brand and retail stores across five new markets in southeast Asia and India. In the long term, the ambitious growth plan is set to include opening over 350 stores in the region. To...

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Fila boosts shareholder returns following strong 2024 results

Sportswear company Fila Holdings has announced an enhanced shareholder return policy, signalling its commitment to delivering long-term shareholder value. This decision follows a year of robust financial performance, driven by growth in its U.S. golf subsidiary and effective cost management. Consolidated revenue for 2024 reached 4.27 trillion...

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Shein reigns supreme, taking the lead apparel market share in 2024 amidst a tough economy

Shein, the ultra-fast fashion giant from China, strengthened its ever-tightening grip on the apparel market in 2024, outpacing competitors once more as budget-conscious consumers continued to turn to familiar brands amid growing economic uncertainty. The Singapore-based Shein is estimated to have extended its apparel market share by 0.24...

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US increases imports ahead of possible tariff hikes

Imports from the United States increased by 12.1 percent in January 2025 compared to December 2024. This is probably due to American companies anticipating the tariff increases that President Donald Trump wants to impose on foreign goods, according to the latest World Trade Monitor (WTM) from the Netherlands Bureau for Economic Policy Analysis...

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Tous surpasses 500 million euros in annual sales in 2024

Madrid – The jewellers Tous have just reported their financial results at the close of their latest financial year in 2024. This was the first year that the company concluded under the implementation of its new strategic “GEM” plan. This plan has proven to be a real game-changer, given the outstanding performance achieved, surpassing the 500...

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Crew Clothing to relocate headquarters

British fashion and lifestyle brand Crew Clothing is relocating its headquarters to southwest London to support its continued growth. Crew Clothing said it would relocate from Earlsfield to a 32,000-square-foot space at The Drapery in Kingston-upon-Thames. The move follows a 17 percent increase in like-for-like sales for the fourth quarter of...