Business

Burberry posts Q4 comparable sales growth driven by Asia Pacific and Americas

Burberry’s retail sales declined 9 percent at both CER and reported exchange rates, while wholesale declined 17 percent at CER and reported exchange rates in the year with a good recovery in the second half. In total, the group saw revenue down 10 percent at CER and 11 percent at reported exchange rates to 2,344 million pounds. Comparable store...

2 hours ago

Business

Hearst sells Marie Claire US to Future Media

Marie Claire Magazine US has been acquired by London-based Future Media, Plc. Up until now, the publishing rights for the online and print edition of Marie Claire US were divided between Marie Claire Group International and international publishing group Hearst Magazines, via a joint venture. Future Media will now own 100 percent of the joint...

18 hours ago

Retail

A brand is a promise, and you have to fulfill that promise, says Jaclyn Smith

Jaclyn Smith was a pioneer in the world of celebrity clothing lines. She signed with Kmart in 1985 to create apparel and accessories and the line still resonates with consumers today, holding firm as one of the retailer’s most reliable brands. Meanwhile other celebrity lines have come and gone––Sarah Jessica Parker, Miley Cyrus, Avril Lavigne,...

11 May 2021

Fairs

IMG announces Afterpay partnership for NYFW: The Shows

Buy-now-pay-later payment service Afterpay, known as Clearpay in the UK, is partnering with another fashion week, NYFW: The Shows, adding to its commitments with London Fashion Week and Australian Fashion Week. During an online presentation, IMG said that Afterpay had signed up as a multi-year presenting partner, beginning with September 2021,...

18 hours ago

Business

Wardrobe Crisis Academy launches online sustainable fashion course

Wardrobe Crisis Academy is launching a six-week introductory online course designed to “shake up” sustainable fashion education. The sustainable fashion platform states it is targeting broader sustainable fashion education with its online course, describes as “accessible” and “engaging” to offer a foundational knowledge of the issues driving...

1 day ago

Fashion

Copenhagen Fashion Week to return physically in August

The organisers of Copenhagen Fashion Week (CFW) have announced it is set to return as a physical event this summer for the SS22 season, along with trade fairs Revolver and CIFF. CFW will return to the Danish capital from August 10-12, while Revolver and CIFF will take place from August 11-13. “We are very much looking forward to welcoming...

12 May 2021

Business

Vinted raises 250 million euros in funding

Second-hand fashion marketplace Vinted has raised 250 million pounds in a series F funding round led by investment firm EQT Growth. This latest funding values the Lithuania-headquartered company at 3.5 billion euros, up from the 1.1 billion euro valuation it was given following its last fundraising in November 2019. Vinted CEO Thomas Plantenga...

12 May 2021

Business

Safilo's Q1 sales improve 20 percent

In the first quarter of 2021, Safilo posted total net sales of 251.4 million euros, up 20 percent at constant exchange and 13.7 percent at current exchange rates. The company said that the positive sales performance reflected the strong recovery recorded by the group across the brands portfolio, from the strong growth of its own brands Smith and...

12 May 2021

More News

Business

University of Applied Sciences BSP Berlin: Study fashion in a splendid ambience

The BSP Business School Berlin is a state-recognized, private university for management. But in addition to the many management subjects, the university also offers a variety of courses for those interested in fashion - such as fashion marketing or sustainable fashion. The BSP is located in the south of the German capital and stands out above...

19 hours ago

Business

Global Fashion Group Q1 revenue up 11 percent

Online fashion retailer Global Fashion Group has reported an 11 percent increase in revenue in Q1. The company, which operates e-commerce platforms The Iconic, Zalora, Dafiti and Lamoda, saw revenue increase to 301.3 million euros in the quarter compared to 271.4 million euros in the prior-year period. Net merchandise value grew 37.8 percent,...

20 hours ago

Business

Gap declares Q2 dividend

Gap’s board of directors has authorized a second quarter dividend of 12 cents per share, payable on or after July 28, 2021 to shareholders of record at the close of business on July 7, 2021. Additionally, Gap Inc. announced the resumption of its share repurchase program, which has 800 million dollars of its 1 billion dollars authorization...

12 May 2021

Retail

Selfridges to host wedding ceremonies this summer

Selfridges is to host wedding ceremonies in its grade II listed building on Oxford Street this summer. The high-end department store chain has acquired a wedding licence to host ceremonies in a dedicated Wedding Suite on the fourth floor of Selfridges London. Over the past year, restrictions around ceremonies and receptions have halted or...

11 May 2021