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Strategic inventory investment fuels Rent the Runway's FY25 financial recovery

The US fashion rental platform Rent the Runway has reported a significant expansion of its active subscriber base and a return to net income for the fiscal year 2025 ended January 31, 2026. The company attributed these results to a strategic decision to increase inventory investment, which served as the primary driver for improved customer...

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Ireland launches national circular economy strategy for textile industry

The Irish government has launched a new strategy to overhaul the national textile industry, with the mission of shifting from a linear “take-make-waste” model to a circular economy. With the unveiling of the Whole of Government Economy Strategy 2026-2028 and the first-ever National Policy Statement and Roadmap on Circular Textiles, Ireland is...

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Lululemon under scrutiny for alleged PFAS use and product safety claims

Lululemon is facing an investigation from Texas attorney general Ken Paxton over concerns related to product safety and transparency. According to a press release issued by the attorney general’s office, Paxton has launched a Civil Investigative Demand against Lululemon Athletica as part of a formal inquiry into whether the Canadian activewear...

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Kering: a crucial week to reassure markets and relaunch Gucci

French luxury leader Kering, held back by difficulties at Gucci, is facing a decisive moment. This week, the group will present its new roadmap during a highly anticipated investor day in Florence. All eyes are on the speech by Italian Luca de Meo, the group's chief executive officer, at the Capital Markets Day on Thursday in Gucci's birthplace....

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JOTT: commercial court approves Amoniss' bid, sets sights on relaunch

A commercial court has ruled in favour of Amoniss' proposal in the JOTT case. After being placed into administration, the Marseille commercial court has selected the offer from the Amoniss group to take over JOTT (Just Over The Top), a French brand of lightweight down jackets positioned in the accessible premium segment. The successful bid...

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LVMH sales feel impact from war

Sales at the world's leading luxury group, LVMH, fell six percent in the first quarter of the year as the war in the Middle East depressed business in the region. The company, best known for Louis Vuitton handbags, Dior fashion, Moet & Chandon champagne and Tiffany jewellery, registered 19.1 billion euros ($22.4 billion) in sales in January...

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Mothercare FY26 impacted by Middle East tension and end of Boots partnership

Mothercare plc has issued a pre-close trading update for the 52-week period ending March 28, 2026. The specialist global brand for parents and young children reported unaudited worldwide retail sales by franchise partners of 180 million pounds. This represents a 22 percent decline compared to the previous year, or a 19 percent decrease at...

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Will 2026 mark a return to growth for the struggling luxury market?

Paris, France - After a marked slowdown over the past two to three years, driven by price hikes, a lack of creativity and a downturn in China, the luxury sector hopes to navigate the clouds of geopolitical instability in 2026 to return to growth. Global leader LVMH will be under particular scrutiny, as the group kicks off the reporting season...

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The Children's Place experiences significant downturn in Q4 financials

US specialist retailer The Children’s Place has announced its financial results for the fourth fiscal quarter and full fiscal year ended January 31, 2026, revealing a significant downturn in performance. Net sales for the three months ended January 31, 2026, decreased by 79.30 million dollars to 329.20 million dollars, representing a 19.4...

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E-commerce revamp, denim push, global partners: The future of Dockers under Authentic

Just over a year ago, Dockers began a major ownership transition from Levi Strauss & Co. to Authentic Brands Group, ushering in a new era for the khaki-centric label. Even before the deal was finalised in March 2026, Authentic moved swiftly to deploy its signature business model, appointing distribution partners to oversee regional operations...

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John Lewis increases chairman's salary amidst workforce reduction

John Lewis has increased the salary of its chairman Jason Tarry by more than 20 percent, despite a reduction in its workforce over the past year, according to reports from Business Plus. Tarry, who joined the employee-owned group in September 2024 on a salary of 990,000 pounds, reportedly saw his base pay rise to 1.2 million pounds last April....

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QVC’s future called into question after postponing annual report

The future of QVC Group, the US’ multimedia retailer and television network for live shopping, has been called into question after the company announced that it was unable to file its annual report with the SEC. On March 31, QVC said it required additional time to compile and analyse certain documentation and finalise disclosures to include in...