Retail

Visit to the Shein pop-up: what makes the fast-fashion giant so appealing?

Berlin's luxury shopping mile, the Kurfürstendamm, begins at Breitscheidplatz and becomes increasingly exclusive the further one walks towards the west. However, going west past Gucci, Chanel, and Hermès this August, you'll find the very opposite end of the price and quality scale: Shein. The Chinese ultra-fast fashion company has opened a...

18 hours ago

Business |Interview

Business in uncertain times: How Zalando is dealing with Brexit, inflation and shifted consumer sentiment

Online retailer Zalando is one of the leading destinations for fashion and lifestyle in Europe. The Berlin-based company serves 25 European markets with an overall consumer base of around 49 million. With its Platform Strategy at its centre, namely the marketplace model and connected retail, Zalando aims to achieve international growth by...

18 hours ago

Fashion

Ranra wins Zalando Sustainability Award

London/Reykjavík-based design studio Ranra has been named the winner of the fourth Zalando Sustainability Award during Copenhagen Fashion Week, beating off tough competition from British fashion brand Raeburn and Parisian-based Mworks. Ranra’s genderless collection impressed the international jury with its use of “exciting techniques” with...

11 Aug 2022

Business

Wholesale marketplace Faire launches showroom

Faire, the online wholesale marketplace for independent retailers and brands, is launching a showroom experience to easily allow retailers to discover and source premium brands and apparel available on the platform. The launch aims to level the playing field for independent retailers and help brands reach new customers around the world, as Faire...

11 Aug 2022

Business

Hit by negative sales trends and ransomware attack, HanesBrands Q2 sales drop

HanesBrands Inc. net sales of 1.51 billion dollars decreased 238 million dollars or 14 percent, over prior year. Adjusting for the 38 million dollars unfavourable impact from foreign exchange rates, net sales decreased 11 percent on a constant currency basis, while net sales, excluding PPE, increased 75 percent on a two-year stack basis. The...

11 Aug 2022

Business

Burberry receives SBTi approval for its net-zero emissions target

Burberry has become the first luxury fashion brand and one of the first companies globally to receive approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target. The validation from SBTi confirms that Burberry’s goals to reach net-zero emissions by 2040 are based on the latest climate science and meet the urgent...

11 Aug 2022

Business

Salvatore Ferragamo announces strategic partnership with Farfetch

Italian fashion house Salvatore Ferragamo is teaming up with luxury platform Farfetch to reinforce its omnichannel strategy, while accelerating its digital capabilities and creating new engaging shopping experiences with a Millennial and Gen Z luxury audience. The two companies said that the global strategic partnership would allow the Italian...

11 Aug 2022

Business

Wolverine Worldwide lowers FY outlook after missing on revenue

Wolverine Worldwide has cut its full-year revenue outlook after missing its expectation in the second quarter of the year. In the three months to July 2, the US company made revenue of 713.6 million dollars, up 12.9 percent from the prior year and up 25.5 percent from two years ago. Its international business performed particularly well, with...

10 Aug 2022

More News

Business

Frasers Group offloads retail parks for 205 million pounds

Frasers Group has announced that it has completed the disposal of a number of its freehold and long leasehold retail parks held by its wholly owned subsidiaries. The JD Sports owner said the sale went ahead for a headline price of 205 million pounds. In a release, the company said brands in its portfolio will continue to operate from leases...

16 hours ago

People

Topshop founder Ralph Halpern dies, age 83

The creator of Topshop Ralph Halpern has died at the age of 83, according to reports. The high street tycoon was the chief executive of menswear retailer Burton Group from the late 1970s to early 1990s. During this time, he was involved in the establishment of Topshop, which went on to become a notable womenswear chain throughout the 1990s and...

16 hours ago

Retail

Harvey Nichols, John Lewis and Primark among those calling on police to prioritise retail crime

Over 100 retailers have come together in a joint letter to Police and Crime Commissioners (PCCs) in England and Wales, calling on it to commit to making retail crime a priority in local policing strategies. In the letter, which was shared by the British Retail Consortium (BRC), retailers had expressed increasing concern over the rising levels of...

17 hours ago

Business

Lingerie brand Parade moves into 200 million dollar valuation

Parade, a direct-to-consumer underwear brand, has reportedly entered into a 200 million dollar valuation following its latest round of funding. The news is according to the brand’s founder and CEO Cami Téllez, who told WWD about the new fundraising at the recent Femmy Awards in New York City, during which Parade won the ‘rising star award’....

18 hours ago