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J.Jill reports drop in Q3 sales, profit

US womenswear retailer J.Jill has reported a drop in profit and sales in the third quarter of the year. In the three months to October 29, its net income fell to 8.9 million dollars from 11.2 million dollars a year earlier. Its earnings adjusted for non-recurring costs came in at 0.77 dollars per share, ahead of expectations. “We delivered...

6 Dec 2022

Business

Archive secures 15 million dollar funding to scale resale software

Tech company Archive has announced the closing of a 15 million dollar Series A fundraising, led by Lightspeed Venture Partners. The new financing brings the company’s total funding to 24 million dollars and will see Lightspeed partner Alex Taussig join its board of directors. The firm is dedicated to developing resale operating models for...

6 Dec 2022

Business

Puma launches new UK app with virtual try-on feature

Sportswear brand Puma has launched a new app in the UK complete with a virtual try-on feature that allows shoppers to see products in 3D animations. The relaunch comes on the back of the app’s “successful” roll out in North America, which built on Puma’s continued growth strategy. Next to the latest products and exclusive content, the virtual...

6 Dec 2022

Business

Very introduces virtual make-up try-on to app

E-commerce retailer Very has unveiled a new virtual make-up try-on to its app, allowing shoppers to virtually try an arrangement of lip products from different brands. The feature utilises technology from the L’Oréal-owned tech firm ModiFace, which has integrated augmented reality (AR) features that customers can use via their smartphone...

6 Dec 2022

Business

Good On You rates 4,000 brands on their progress on climate change

Sustainability ratings company Good On You started a first-of-its-kind data project in 2021 to get a sense of how the fashion industry is working to address its impacts on the planet. In time for Cop27, Good On You expanded the scope of the project and looked at the ratings of 4,180 brands, bypassing their own claims and analyses and rated their...

6 Dec 2022

Business

Buckle reports 2.9 percent increase in year-to-date sales

Net sales at US fashion retailer Buckle increased 2.9 percent in the year to date to surpass 1 billion dollars. The Nebraska-based company reported sales of 1.061 billion dollars in the 43-week period ended November 26, up from the 1.031 billion dollars it reported in the prior-year period. Comparable store net sales for the same period...

6 Dec 2022

Business

Battersea Power Station makes senior promotions

London’s newly opened retail park Battersea Power Station has announced the internal promotion of two heads, now that it’s in operation. The area’s Development Company (BPSDC) has promoted Sam Cotton, the group’s current head of leasing, to the newly created position of head of asset management. Cotton joined BPSDC in 2015 from Capco Covent...

6 Dec 2022

Business

Swarovski secures 10-year licensing deal with EssilorLuxottica

Jewellery giant Swarovski has signed a new licensing deal with EssilorLuxottica, handing over the rights for the design, manufacture and distribution of Swarovski Eyewear to the Italian-French firm. The 10-year agreement will be in effect until December 31, 2028, with an automatic renewal option of a further five years. The first collection...

6 Dec 2022

Business

Faire appoints former Meta exec as new chief product officer

Wholesale marketplace Faire has announced the appointment of Ami Vora as its new chief product officer. Vora joins the company from social media giant Meta, where she served for 15 years in various leadership positions and has been credited with scaling the company’s global workforce. Most recently, she held the role vice president of product...

6 Dec 2022

Business

Viktor & Rolf appoints OTB’s Matteo Franceschini as CEO

Dutch luxury brand Viktor & Rolf has announced the appointment of Matteo Franceschini as its chief executive officer. He joins the company from Italian fashion group OTB, which bought the label back in 2018. He will continue to report to the company’s CEO Ubaldo Minelli. In his previous position, Franceschini oversaw licensing and collaborations...

6 Dec 2022

BusinessFeatured

Metaverse Fashion Week to return in March: what to expect

Metaverse Fashion Week (MVFW) is set to make its return, the event’s organiser and host platform Decentraland has said. The metaverse-based fashion event will be held from March 28 to 31, 2023, as a virtual conclusion to the spring/summer fashion season. For this year, virtual social world Decentraland and non-fungible token (NFT) marketplace...

6 Dec 2022

BusinessFeatured

VF names Benno Dorer as interim CEO, lowers FY23 outlook

VF Corporation has named BRUNO Dorer, lead independent director of the board as interim president and chief executive officer, effective immediately. The company added that Richard Carucci, a director on the board since 2009, will serve as interim board chairman. Dorer’s appointment follows Steve Rendle’s decision to retire from his position as...

6 Dec 2022