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...
34 minutes ago
The CEO of fashion retailer Next has announced he will be stepping down from his role on the board of food delivery company Deliveroo. In a release, Simon Wolfson, who has served on Deliveroo’s board for 18 months, said: “After much consideration, and with regret, I believe that the time required to continue in my role at Deliveroo is no longer...
41 minutes ago
Fish leather manufacturer Inversa has announced that designer Yotam Soloman will be joining its Advisory Board. Solomon, a former creative director and fashion designer of carbon negative fashion brand Covalent, is aiming to provide strategic guidance and support as the company continues to grow, it said in a release. Inversa hopes that Soloman’...
1 hour ago
American retailer JCPenney has announced the appointment of Stephanie Plaines as its chief financial officer, effective immediately. Plaines will be responsible for leading all financial activities across the company, including financial strategy, real estate, capital deployment and accounting. She has also been tasked with utilising her past...
There was no sign of a summer slump in terms of sustainability, on the contrary: in July, several studies were published that provided us with plenty of reading material during the hot days, for example on the ubiquitous topic of greenwashing, but also on textile recycling and consumption. On brand and resale side, there was quite some activity...
2 hours ago
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...
19 hours ago
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...
Second quarter comparable store sales at Dillard’s Inc., were flat, while net sales were 1.589 billion dollars compared to 1.570 billion dollars in the second quarter of the previous year Total retail sales for the 13-week periods were 1.553 billion dollars, up 1 percent from the second quarter last year. Net income reached 163.4 million dollars...
20 hours ago
The Federal Trade Commission (FTC) has announced it has finalised its case against Lions Not Sheep Products with a fine issued to both the company and its owner Sean Whalen for false claims that its apparel is ‘Made in the USA’. During its investigation, the FTC said that it had found the brand’s products to actually have been imported from...
Primark has announced the appointment of Michelle McEttrick to its newly established role of chief customer officer. Reporting to CEO Paul Marchant, McEttrick is set to join the budget retailer from September 19 and is tasked with further developing the Primark Brand and Customer Strategy as it looks to expand into new markets, channels and...
21 hours ago
JD Sports has announced that its newly appointed chairman, Andrew Higginson, has bought nearly 400,000 pounds worth of shares in the retailer. The former Morrisons exec snapped up 292,725 for 132.67 pence and an additional 6,217 shares at 132.32 pence, bringing the total to almost 400,000 pounds. Higginson joined JD Sports last month, taking...
Ebay UK is continuing its relationship with reality series Love Island through a new pre-loved fashion deal with one of this season’s ‘Islanders’, Tasha Ghouri. According to the marketplace platform, the partnership with Ghouri, who has been named as its ‘Pre-Loved Ambassador, marks the first non-fast fashion brand deal to come out of the...
1 day ago
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