Latest Articles in News

Designer Brands Q3 comparable sales drop by 3.1 percent

Third quarter net sales at Designer Brands decreased by 1.2 percent to 777.2 million dollars, while total comparable sales decreased by 3.1 percent. The company has lowered its guidance for the full year and now expects net sales to be down low single digits and adjusted diluted EPS in the range of 10 cents to 30 cents. Designer Brands’ gross...

Retail

Colombian TNS opens its third store in the US and presents a new collection

Buenos Aires - TNS, the renowned Colombian youth clothing brand, continues its expansion plan in the United States. The firm has just announced, through a press release, the opening of its third store in the exclusive Brickell City Center. “This new opening follows the success of its stores in Dadeland Mall and Sawgrass in South Florida,...

Retail|In Pictures

Foot Locker introduces a new store concept in Benelux

Sports retailer Foot Locker is rolling out a new store concept. The Reimagined store concept has been introduced at the store in the Hoog Catharijne shopping centre in Utrecht. The concept 'sets new standards for the shopping experience in modern sneaker culture', according to the press release. Worldwide, it is the third store with this concept...

Business

Inflation in Germany above the two percent mark, again

Rising prices for services and food have pushed the inflation rate in Germany above the two percent mark for the first time since July. In November, consumer prices were 2.2 percent higher than in the same month last year, the Federal Statistical Office confirmed on Tuesday. Preliminary data had already been available at the end of November....

BusinessFeatured

'Fashion Future': What do younger generations demand from the fashion industry?

Fashion has always been obsessed with youth, but while designers look to the younger generation as a source of inspiration, the generation they are courting is rarely represented when it comes to concrete questions and decisions. Trend seminars and retail conferences repeatedly emphasize the importance of attracting Generation Z - born between...

PeopleFeatured

Thélios announces leadership changes in Americas

Thélios, the eyewear division of LVMH Group, has shuffled its C-suite in the Americas region and proprietary brand Barton Perreira, promoting Luca Guillot Boschetti to head of Thélios Americas and naming Cedric Moreau as chief executive officer of Barton Perreira. In a statement, Thélios said the strategic appointments are designed to “further...

BusinessFeatured

Truss secures investment from FIGR Ventures

UK-based resale fashion tech start-up Truss, which is looking to revolutionise the fashion industry by powering resale with AI-enabled data infrastructure, has secured 300,000 pounds in investment from FIGR Ventures. In a statement, Truss said with the new 300,000-pound capital it has also secured critical match-funding to activate a 1.1 million...

Business

Kering confirms tax authorities talks regarding Alexander McQueen probe

Kering is believed to have confirmed that it is currently negotiating with Italian tax authorities to settle a tax probe on Alexander McQueen. The company responded to a report by Reuters–which cited sources with knowledge on the matter–that stated Florence-based prosecutors had opened up an inquiry for omitted tax declarations for the years...

Fashion

Puma and Manchester City launch AI football kit design platform

Sports company Puma has teamed up with Manchester City football team to launch an innovative AI kit design platform, giving fans the chance to design the club’s official Third kit for the 2026/27 season. The new Puma AI creator tool, powered by co-creation platform DeepObjects, allows fans to design their dream Manchester City kits using text...

Business

L.L. Bean carries out second round of layoffs this year

US footwear company L.L. Bean has initiated what is now its second round of layoffs for this year. According to various media reports, this latest move will impact between 50 and 75 people, accounting for 3 percent of the company’s Maine workforce. A spokesperson for L.L. Bean told media outlets that "fluctuating retail landscapes” and a need to...

People

PrettyLittleThing CMO reportedly steps down

Nicki Capstick, the chief marketing officer of PrettyLittleThing, is believed to have stepped down from the fast fashion e-retailer. The reason for Capstick’s departure was not given in the report of Drapers, which initially revealed the news. Capstick first took on the CMO role in July 2023 amid a number of leadership shifts carried out upon...

Fashion

North Six launches new experiential retail division

North Six, the global production agency for fashion, beauty, luxury and lifestyle, whose client portfolio includes LVMH, Estée Lauder, Graff and Chanel, has launched a new division dedicated to experiential retail activations and influencer marketing. Former executive director of Dazed Studio, Liam Osbourne, and former global head of strategy at...