News

  • Swarovski returns to profitability in 2023
    by news@fashionunited.com (Prachi Singh) on 19/03/2024 at 04:55

    Swarovski-Flagship in New York Credits: Swarovski The family-owned Swarovski Crystal Business posted growth of 4 percent to 1,832 million euros for the year 2023 and a 10 percent like-for-like increase amid a slowing luxury market, and a volatile geopolitical and macro-economic environment. The company said in a statement that EBIT before restructuring costs returned to positive territory for the first time since 2019, despite significant adverse foreign exchange impact. The company added that […]

  • UK luxury sector worth 81 billion pounds to the economy
    by news@fashionunited.com (Danielle Wightman-Stone) on 18/03/2024 at 12:03

    Walpole/Savoir – luxury sector worth 81 billion pounds to the UK economy Credits: Walpole The British luxury sector is now worth 81 billion pounds annually to the UK economy, supporting more than 450,000 jobs across various sectors, making it one of the top industry drivers of the economy, according to a new report from Walpole. The ‘Luxury in the Making’ report from the industry body that represents more than 250 British luxury companies, produced in association with Frontier […]

  • Etro launches made-to-measure service
    by news@fashionunited.com (Rachel Douglass) on 18/03/2024 at 11:18

    Etro made-to-measure film, 'Etro Unique’ Credits: Etro. Italian fashion label Etro has launched a new made-to-measure service for its menswear offering, dubbed ‘Etro Unique’. The concept is at the core of the brand’s recently opened store in Milan, located at Via Monte Napoleone 5, as revealed in a press release. The location marks the brand’s first retail space dedicated to solely men’s tailoring and personalisation services, which are available by appointment only. During such […]

  • New collaboration between IHKIB and WRAP aims to promote Turkish clothing exports to the US
    by news@fashionunited.com (Simone Preuss) on 18/03/2024 at 10:58

    Avedis Seferian from WRAP (left) and Selcuk Mehmet Kaya from IHKIB signing the agreement. Credits: IHKIB On the last day of the Texhibition sourcing fair in Istanbul, which promised a refreshed denim sector and a focus on the upmarket segment and new markets, the Istanbul Garment Exporters Association (IHKIB) entered into a collaboration with WRAP (Worldwide Responsible Accredited Production) to promote Turkish garment exports to the US. The Virginia-based organisation, whose acronym used to […]

  • Merrell and Sweaty Betty collaborate on a hiking collection
    by news@fashionunited.com (Danielle Wightman-Stone) on 18/03/2024 at 10:50

    Merrell and Sweaty Betty hiking collaboration Credits: Merrell/Sweaty Betty In Pictures Wolverine Worldwide sister brands, outdoor footwear brand Merrell and British activewear retailer Sweaty Betty have joined forces for the first time on an exclusive outdoor hiking capsule collection for women. Launching on March 25 on Merrell’s website and then on Sweaty Betty from April 2, the collaboration is in celebration of “sisterhood empowerment, and the boundless wonders of nature,” explains […]

  • Scamp & Dude collaborates with Paralympian Ellie Simmonds
    by news@fashionunited.com (Danielle Wightman-Stone) on 18/03/2024 at 10:50

    Scamp & Dude x Ellie Simmonds ‘Super Scarf’ Credits: Scamp & Dude Independent fashion brand Scamp & Dude has collaborated with British Paralympian and swimmer Ellie Simmonds for its ‘Super Scarf’ charitable initiative. The brand’s founder Jo Tutchener-Sharp collaborated with Simmonds on a ‘Super Scarf’ design that features soft turquoise with black and blue shadow leopard print. The mix of shades of blue represents Simmond's love for water, which she describes as her […]

  • Nicki Minaj launches press-on nail brand
    by news@fashionunited.com (Danielle Wightman-Stone) on 18/03/2024 at 10:50

    Pink Friday Nails logo Credits: Pink Friday Nails Beauty Rapper Nicki Minaj has launched a new luxury press-on nail brand, Pink Friday Nails, in collaboration with her own nail artist Yvett Garcia, who has designed the products and overseen production. The direct-to-consumer nail beauty brand has been launched to disrupt the press-on nail market, explains Minaj in the press release, by filling a void and bridging the gap between inexpensive brands with lower quality and low-fidelity designs […]

  • Borghese names new chief operating officer
    by news@fashionunited.com (Danielle Wightman-Stone) on 18/03/2024 at 10:50

    Borghese logo Credits: Borghese Beauty Borghese, the Italian-inspired beauty and skincare brand, has appointed Dawn Hilarczyk as its new chief operating officer. Hilarczyk has more than twenty-five years of sales, strategic development, and digital experience and was most recently, co-creator and head of global sales, e-commerce, and business development at Noble Panacea, where she led the development and launch of the brand as well as its expansion into fifteen countries and six distribution […]

  • European Parliament reaches due diligence law agreement
    by news@fashionunited.com (Sylvana Lijbaart) on 18/03/2024 at 10:44

    Image illustrating the Corporate Sustainability Reporting Directive (CSRD). Created using an artificial intelligence (AI) tool. Credits: FashionUnited The European Parliament has reached an agreement on the 'Corporate Sustainability Due Diligence Directive' coming more than two weeks after the agreement first failed when several member states rebelled. As such, the directive took on a watered down form due to pressure from Germany, Italy and France. EU member states have agreed that only […]

  • Fashonphile secures assets of pre-owned luxury distributor
    by news@fashionunited.com (Rachel Douglass) on 18/03/2024 at 10:35

    Credits: Fashionphile Resale platform Fashionphile has said it has purchased the assets of Montreal-based Two Authenticators Inc. (2a), a wholesale distributor of authenticated, pre-owned luxury goods. As part of the deal, co-founder and CEO of 2a, Fred Mannella, will join Fashionphile as senior vice president of wholesale, and will report to the platform’s own co-founder and CEO, Ben Hemminger. Fashionphile had already established a relationship with Mannella back in 2023, when it acquired […]

  • Frasers Group puts two kidswear brands into administration
    by news@fashionunited.com (Rachel Douglass) on 18/03/2024 at 09:47

    CGI of Flannels Leeds. Credits: Frasers Group Just over a year on from its acquisition of the two brands, Frasers Group has reportedly put both Kids Cavern and Base Childrenswear into administration. Mike Ashley’s fashion retail conglomerate purchased the labels from JD Sports back in December 2022, in a deal that also included 12 other brands amounting to 47.5 million pounds. However, the company is now said to have appointed Michael Lennon and Benjamin Wiles of Kroll Advisory as joint […]

  • Active Apparel Group Proudly Announces Seventh Anniversary with Sustainable Textile Finishing Brand FUZE Technologies
    by news@fashionunited.com (Press Club) on 18/03/2024 at 09:31

    Credits: Active Apparel Group As the first apparel manufacturer to use FUZE’s performance platform, AAG offers customers sustainable odor control, cooling, and more Active Apparel Group (AAG), manufacturer of performance apparel for the leisure/lifestyle and active market, is proud to announce the seventh anniversary of their partnership with the sustainable textile finishing brand FUZE Technologies. AAG is the first apparel manufacturer to adopt FUZE’s permanent, chemical-free textile […]

  • N Brown reportedly set to cut 35 jobs amid transformation strategy
    by news@fashionunited.com (Rachel Douglass) on 18/03/2024 at 09:24

    Simply Be campaign imagery. Credits: N Brown Group. British fashion conglomerate N Brown Group is said to be preparing to cut a number of roles at its head office in Manchester amid its ongoing transformation programme. While an exact figure could not be confirmed, it is believed that around 35 jobs are at risk of redundancy, according to Drapers, which initially reported the news. Commenting on the speculation, a spokesperson for N Brown told the media outlet: “As we undertake our […]

  • Kering and Saudi Arabia reportedly eyeing Selfridges stake
    by news@fashionunited.com (Rachel Douglass) on 18/03/2024 at 09:23

    Stella McCartney's Stellabration at Selfridges, The Corner Shop. Credits: Selfridges. Following the breakdown of one of Selfridges’ two owners, various parties have reportedly been circling the British department store chain for a potential stake purchase. Gucci parent company Kering and Saudi Arabia’s Public Investment Fund (PIF) are understood to be mulling the acquisition of a stake in the luxury retailer, according to the Telegraph, which cited city sources. The news comes on the back […]

  • Courrèges’ Nicolas Di Felice named next guest designer at Jean Paul Gaultier
    by news@fashionunited.com (Rachel Douglass) on 18/03/2024 at 09:23

    Nicolas Di Felice, creative director of Courrèges. Credits: ©Launchmetrics/spotlight Nicolas Di Felice, the creative director of French luxury label Courrèges, has been announced as the next guest couturier of Jean Paul Gaultier. As such, Di Felice will oversee the design and preparation for the brand’s upcoming Haute Couture Week collection, which is scheduled to take place in Paris from June 24 to 27, according to WWD. Speaking to the media outlet, Gaultier said of his decision to […]

  • Kering board to nominate appointment of three new independent directors
    by news@fashionunited.com (Prachi Singh) on 18/03/2024 at 09:06

    Gucci store in Milan Credits: Gucci Kering’s board of directors will propose the appointment of three new independent directors, Rachel Duan, Giovanna Melandri and Dominique D’Hinnin, at the annual general meeting on April 25, 2024. Rachel Duan, a Chinese national, the company said in a release, held several senior leadership roles in the United States, Japan and China during her 25-year career at General Electric (GE). Most recently, she served as senior vice president of GE and president […]

  • Lenzing loss widens to 20.02 euros per share
    by news@fashionunited.com (Prachi Singh) on 18/03/2024 at 08:47

    Lenzing Credits: Lenzing Subdued demand and the continued rise in raw material and energy costs negatively impacted Lenzing Group’s earnings in the 2023 financial year. While the company’s revenue remained comparatively stable at 2.52 billion euros, earnings after tax were negative 593 million euros and earnings per share were negative 20.02 euros. The company said in a statement that the prices for wood-based specialty fibres were slightly down due to weaker demand, particularly from […]

  • Puig records strong revenue and profit growth
    by news@fashionunited.com (Prachi Singh) on 18/03/2024 at 08:26

    Puig corporate headquarters in Barcelona (Spain) Credits: Puig Puig closed 2023 with net revenues of 4,304 million euros, an increase of 19 percent. The company also reported a 19 percent growth on comparable perimeter and at constant exchange rates, with double-digit growth across all segments and geographies. Puig reached an EBITDA of 849 million euros, a 33 percent increase, representing an EBITDA margin of 20 percent. Net profit rose to 465 million euros, up 16 percent compared to the […]

  • Rakuten FWT street style defined by black ties and sporty eveningwear
    by news@fashionunited.com (Rachel Douglass) on 18/03/2024 at 07:51

    In Pictures Street style at FWT AW24. Credits: ©Launchmetrics/spotlight Japan’s clothing style is well known for its contemporary and unconventional forms, often mixing western garments (or yōfuku) with traditional and heritage elements to create an aesthetic that is truly unique to the country. This could be seen on the streets of the rising fashion capital Tokyo, which last week was abuzz with its ongoing fashion week. FashionUnited takes a look at some of the stand-out trends […]

  • BestSecret Group achieves FY23 revenue growth of 16.7 percent
    by news@fashionunited.com (Prachi Singh) on 18/03/2024 at 07:16

    BestSecret webpage Credits: BestSecret BestSecret Group, a European destination in off-price fashion, achieved FY23 revenues of 1,226 million euros for the year, a 16.7 percent increase. The company said in a statement that the growth was driven by an increase in the number of active customers combined with robust order economics and a successful international expansion. The company added that the primary driver for growth was the international segment, which contributed 39.9 percent to the […]

  • Ulta Beauty posts 2.5 percent increase in Q4 comparable sales
    by news@fashionunited.com (Prachi Singh) on 18/03/2024 at 07:04

    Ulta Beauty concession in Target Credits: Ulta Beauty Fourth quarter net sales at Ulta Beauty increased 10.2 percent to 3.6 billion dollars due to increased comparable sales, new store performance, strong growth in other revenue, and the benefit of an extra week of sales in fiscal 2023. Comparable sales increased 2.5 percent, driven by a 4.5 percent increase in transactions and a 1.9 percent decrease in average ticket. Net sales increased 9.8 percent to 11.2 billion dollars in 2023, while […]

  • Texhibition Istanbul March 2024 focuses on denim and a move upmarket
    by news@fashionunited.com (Florence Julienne) on 18/03/2024 at 06:27

    Texhibition Istanbul March 2024 Credits: F. Julienne In pictures From 6 to 8 March 2024, Texhibition Istanbul brought together 25,752 visitors from 112 countries and 560 exhibitors of fabrics and accessories for the spring/summer 2025 collections. The fifth edition of the fair offered the opportunity to discover the most important materials produced by Turkish companies as well as a new denim area. It was also a chance to get to know the perspectives of stakeholders in the Turkish textile […]

  • Safilo 2023 profit plunges 76 percent
    by news@fashionunited.com (Prachi Singh) on 18/03/2024 at 04:13

    Safilo Credits: Safilo media centre Safilo Group closed the year 2023 with net sales of 1,024.7 million euros, down 2.3 percent at constant exchange and 4.8 percent at current exchange rates. Its full-year adjusted net profit declined by 76 percent to 14 million euros, while its adjusted core profit stood at 92 million euros, down 9.1 percent year on year. In the year, the company said in a release, organic sales recorded a deviation of 1.3 percent, further approaching the level of revenues […]

  • IED Barcelona, Gratacós announce winner of Bridal Scholarship for Talent 2024
    by news@fashionunited.com (Veerle Versteeg) on 15/03/2024 at 20:28

    Jone González (middle), winner of the 2024 Bridal Scholarship for Talent award by Gratacós. Credits: Image via IED website, courtesy of IED Barcelona. This week, IED Barcelona’s Jone González, a postgraduate student in wedding and ceremony dress design won the 2024 edition of the Bridal Scholarship for Talent award by Gratacós, a fabric manufacturing company from Barcelona. To qualify for the award, each student had to present two designs made from basic cotton fabric (natural and […]

  • Central Saint Martins graduating class presents FW24 collections at LFW
    by news@fashionunited.com (Veerle Versteeg) on 15/03/2024 at 18:25

    In Pictures An AW24 look by Maximillian Raynor. Central Saint Martins MA show, London Fashion Week Credits: LAUNCHMETRICS/SPOTLIGHT Last month, twenty one graduating students of the master programme in fashion design at Central Saint Martins College of Art and Design (CSM), University of the Arts London (UAL) presented their collections as part of the official schedule of London Fashion Week FW24. Two students received awards for their graduate collections. Student Drhuv Bandil who […]

  • Sunspel continues US retail push with new store opening in Los Angeles
    by news@fashionunited.com (Vivian Hendriksz) on 15/03/2024 at 14:14

    Sunspel new store in LA Credits: Sunspel British luxury brand Sunspel is continuing its retail expansion in the US with a new store opening in sunny Los Angeles. Located at 3312 Sunset Boulevard in Silver Lake, the latest store opening sees the brand build on the success of its first West Coast store, which opened in November 2023 in Marin Country Mart, north of San Francisco. Marking the next step of Sunspel’s retail growth in the United States, the new store features Sunspel’s full […]

  • Dystopian opulence or a literal garden: Met Gala 2024 predictions
    by news@fashionunited.com (Rachel Douglass) on 15/03/2024 at 13:18

    In Pictures Moschino FW20. Credits: ©Launchmetrics/spotlight ‘The Garden of Time’ is this year’s Met Gala dress code, a reference to a short story of the same name, in which author J. G. Ballard explores the endless cycle of destruction and creation made by humanity. The novel follows the life of Count Axel and his wife who reside in a decadent villa surrounded by a blossoming garden. Once cut, each flower in the garden pushes back time and with it the imminent threat of darkness […]

  • ‘Brandy Hellville’: What to know about HBO’s new upcoming documentary on Brandy Melville
    by news@fashionunited.com (Rachel Douglass) on 15/03/2024 at 13:11

    Brandy Melville storefront. Credits: Brandy Melville. There has been a rise in exposé documentaries over recent years attempting to dismantle and unveil the often harsh realities of leading brands in the fashion industry. These are nothing new, yet, when one is announced, it inevitably gets people talking, building anticipation for what issues could possibly be unravelled and unpacked under the glaring light of international streaming platforms. For some, however, their problematic […]

  • Decathlon's transition to a 'multi-specialist company': From logo to store concept
    by news@fashionunited.com (Sylvana Lijbaart) on 15/03/2024 at 11:15

    Report The new Decathlon store. Credits: Decathlon While other sportswear chains face various challenges and sometimes even flounder, Decathlon sees room for growth. The French sports fashion retailer, founded in 1976 by seven sports enthusiasts with the mission to make sport accessible to all, aims to transform from a B-brand into an A-brand. Therefore, Decathlon drafted a transition plan. The transition plan aims for a 'more profitable, digital, and environmentally friendly' approach. […]

  • Trendstop Fall/Winter2024 Collections to Watch
    by news@fashionunited.com (Trendstop) on 15/03/2024 at 11:09

    Trendstop brings FashionUnited readers a look at some of the key collections to watch from Fall/Winter 2024 edition of Fashion Month. Beyond the big fashion houses and established fashion stalwarts, emerging labels and young brands are growing in stature, striving to meet the key lifestyle needs of the modern consumer whilst taping into their core values and mindsets. Sustainability and celebrations of crafting heritage underscored many collections, alongside functional qualities and practical […]

  • Next Beauty CEO reportedly exits
    by news@fashionunited.com (Rachel Douglass) on 15/03/2024 at 10:48

    Next storefront. Credits: Next. The chief executive officer of Next Beauty, Amanda Scott, is understood to have stepped down from the role in pursuit of other opportunities. Her departure comes nearly five years on from her initial appointment at the British retail giant, during which time she was credited with overseeing the company’s first steps into the beauty realm. In place of the helm position, Scott is believed to have now taken on a number of advisory roles at other beauty brands, […]

  • Macy’s nominates former head of real estate to board
    by news@fashionunited.com (Rachel Douglass) on 15/03/2024 at 10:33

    Macy's storefront. Credits: Macy's. Department store giant Macy’s has announced the nomination of Douglas Sesler to stand for election to the company’s board of directors at the upcoming annual shareholder meeting. Sesler, who is the founder and president of real estate investment and development firm Fair Street Partners, previously served as head of real estate for Macy’s, where he oversaw the company’s 100 million square feet real estate portfolio. He had also held a number of […]

  • Harry Rosen to make 50 million dollar investment into retail network
    by news@fashionunited.com (Rachel Douglass) on 15/03/2024 at 10:18

    Rendering of Harry Rosen’s new flagship at 153 Cumberland Street, opening 2026. Credits: dkstudio architects (CNW Group/Harry Rosen Inc.) Men’s retailer Harry Rosen has announced a 50 million dollar investment into its store network and strategy as it looks to transform its existing retail concept across Canadian turf. Over the next five years, the company will carry out a series of store refreshes, starting with the renovation of its 13,000 square foot location at West Edmonton Mall in […]

  • The European Parliament wants EU member states to implement EPR rules more quickly
    by news@fashionunited.com (Esmee Blaazer) on 15/03/2024 at 09:54

    Image: Pexels The European Parliament has taken another step to tackle the problem of textile waste and food waste within the European Union. The vast majority of the group of people who make EU laws voted in favour of revising waste policy (known as the Waste Framework). This is an important step in the European Union's legislative process. More ambitious reduction targets were proposed to drastically reduce the amount of wasted food by 2030, and extended producer responsibility for textiles […]

  • Fashion designer Stephen Linard dies age of 64
    by news@fashionunited.com (Susan Zijp) on 15/03/2024 at 09:28

    A candel for Stephen Linard Credits: Pexels London designer Stephen Linard has died at the age of 64. This was reported by Linard's family to WWD, who said he died on 10 March due to throat cancer. Linard designed clothes for big stars such as David Bowie, the members of U2 and Boy George in the 1980s. Linard is considered a pioneer in creating different personas through clothes. Besides designing clothes, he was also creative with "hair, make-up and attitude," Stephen Jones, a friend of […]

  • CHIC Shanghai: Rising frequencies despite lack of international flair
    by news@fashionunited.com (Ole Spötter) on 15/03/2024 at 09:17

    Exterior view of the CHIC exhibition centre in Shanghai Credits: Ole Spötter for FashionUnited The Chinese clothing industry is only slowly on the road to recovery. Instead of distant exports, the domestic market and neighbouring countries such as Russia and South Korea appear to be a high priority for many clothing suppliers. Western markets in North America and Europe are proving more difficult after the end of the pandemic, partly due to rising costs. This was also reflected in the current […]

  • French parliament votes to slow down fast fashion
    by news@fashionunited.com (AFP) on 15/03/2024 at 09:01

    France's parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers. The vote makes France the first country in the world "legislating to limit the excesses of ultra fast fashion", said Christophe Bechu, minister for the ecological transition. Key measures include a ban on advertising for the cheapest textiles, and an environmental charge slapped on low-cost items. The French clothes market has been flooded […]

  • JOOR Introduces Fully Shoppable Fall 2024 Women’s Trend Report, Complementing Its Highly Received ‘fashion Month’ Passport Show
    by news@fashionunited.com (Press Club) on 15/03/2024 at 08:54

    Credits: JOOR Confirming JOOR’s position as the fashion industry’s leading digital wholesale management ecosystem, JOOR’s bi-annual women’s trend report, On Trend: Women’s Fall 2024, is a fully shoppable edit of the most directional and commercial womenswear trends as unveiled across the New York, London, Milan and Paris fashion weeks. JOOR’s vast global network of over 14,000 brands and 635,000 buyers places the platform at the heart of the fashion wholesale market and provides […]

  • Aeffe's 2023 loss widens to 32.1 million euros
    by news@fashionunited.com (Prachi Singh) on 15/03/2024 at 07:40

    Moschino store in Italy Credits: Moschino Aeffe revenues in 2023 equaled 319 million euro, a decrease of 9 percent at constant exchange and 9.5 percent at current exchange rates. The company adjusted EBITDA declined to 12.4 million euros and adjusted EBIT was negative 20.5 million euros. Net loss widened to 32.1 million euros compared with 9 million in 2022. Commenting on the trading results, Massimo Ferretti, executive chairman of Aeffe Spa, said in a release: “2023 was a year of transition […]

  • Brunello Cucinelli records strong growth in revenue and profit
    by news@fashionunited.com (Prachi Singh) on 15/03/2024 at 07:20

    Brunello Cucinelli boutique Credits: Sefa Karacan/Anadolu Agency via AFP In 2023, revenue of 1.2 billion euros at Brunello Cucinelli increased 23.9 percent at current exchange and 26 percent at constant exchange rates, the EBIT rose 39.4 percent to 187.4 million euros, and net profit increased 42 percent to 123.8 million euros Following a positive performance in the first few months of the new fiscal year and the significant order intake for the fall-winter 2024 collections, the company […]

  • Paris Fashion Week FW24: Key Trends including Western Wear, Menswear Fabrics and Cable-Knits
    by news@fashionunited.com (Jayne Mountford) on 15/03/2024 at 06:35

    PFW FW24/ main image Credits: PFW FW24/©Launchmetrics/spotlight Paris Fashion Week for FW24 ran from Monday, February 26 through Tuesday, March 5, 2023 with a whopping 91 designers participating. All eyes were on the Chloé show where Chemena Kamali was making her debut. For Kamali, third time's a charm, having been at the House as a junior designer in the noughties and again during the tenure of Clare Waight Keller. Her FW24 collection was seen as a highlight of PFW, brimming with looks […]

  • Showroomprivé achieves positive GMV and revenues growth in 2023
    by news@fashionunited.com (Prachi Singh) on 15/03/2024 at 06:28

    Showroomprivé Credits: Showroomprivé In 2023, Showroomprivé achieved a gross merchandise volume (GMV) of one billion euros, representing a 6.3 percent increase compared to the previous fiscal year. The company said, revenue amounted to 677.7 million euros, up by 3 percent compared to 2022, despite economic deterioration in the latter part of the year affecting second-half activity, which was down 3 percent, particularly in the third quarter. Commenting on the financial results, David […]

  • Dick’s Sporting Goods delivers strong holiday quarter
    by news@fashionunited.com (Prachi Singh) on 15/03/2024 at 06:07

    Dick’s Sporting Goods store Credits: Dick's Sporting Goods Dick’s Sporting Goods full year revenues of 13 billion dollars increased 5 percent and the company delivered a 2.4 percent comparable store sales growth, driven by a 1.6 percent increase in transactions. The company’s fourth quarter revenues increased 7.8 percent to 3.9 billion dollars with comparable sales growth of 2.8 percent. The company’s fourth quarter earnings per diluted share of 3.57 dollars rose 37 percent and […]

  • Tilly’s reports difficult Q4, comparable sales decrease 8.8 percent
    by news@fashionunited.com (Prachi Singh) on 15/03/2024 at 05:32

    Tilly's store in Florida Credits: Wikimedia Commons Tilly’s net sales were 173 million dollars in the fourth quarter, a decrease of 7.3 million dollars or 4.1 percent, while comparable net sales, including both physical stores and e-commerce decreased by 8.8 percent. Full year net sales were 623.1 million dollars, a decrease of 49.2 million dollars or 7.3 percent, while comparable net sales, including both physical stores and e-com, decreased by 10.6 percent. The company’s comparable net […]

  • Zumiez swings to Q4 loss
    by news@fashionunited.com (Prachi Singh) on 15/03/2024 at 05:14

    Zumiez Credits: Zumiez/Facebook Zumiez net sales for the fourth quarter increased 0.6 percent to 281.8 million dollars, while the company reported a net loss of 33.5 million dollars or 1.73 dollars per share. Net sales for the twelve months period decreased 8.6 percent to 875.5 million dollars and net loss was 62.6 million dollars or 3.25 dollars per share. Commenting on the trading update, Rick Brooks, chief executive officer of Zumiez Inc., stated in a statement: “We concluded a difficult […]

  • G-III Apparel posts Q4 revenue decline of 10.5 percent
    by news@fashionunited.com (Prachi Singh) on 15/03/2024 at 05:04

    DKNY.3 Digital Plaza Credits: DKNY Fourth quarter net sales at G-III Apparel Group decreased 10.5 percent to 764.8 million dollars. Net income for the quarter was 28.9 million dollars or 61 cents per diluted share, while non-GAAP net income per diluted share increased to 76 cents. Commenting on the results, Morris Goldfarb, G-III’s chairman and CEO, said: “We delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of our higher margin, owned brands to 47 […]

  • Walmart partners with unspun, leveraging 3D weaving technology to reduce textile waste
    by news@fashionunited.com (Vivian Hendriksz) on 14/03/2024 at 16:33

    unspun x Walmart Credits: Walmart Inc. Walmart has announced a new pilot project with textile innovator unspun to reduce the environmental impact of garment production. Through the project, Walmart will work with unspun to see how the company’s 3D weaving machines can be utilized to produce workwear-style pants under a Walmart house brand. A pioneering fashion tech company based in Oakland, California, unspun developed Vega, the world’s first 3D weaving technology, which efficiently […]

  • Macron decorates world's richest man Arnault as Beyonce, Musk look on
    by news@fashionunited.com (AFP) on 14/03/2024 at 13:56

    Credits: Bernard Arnault, photo taken in June 2022. Credit: ERIC PIERMONT / AFP Paris - France's President Emmanuel Macron decorated the world's richest man Bernard Arnault at a star-studded ceremony that included pop queen Beyonce and tech billionaire Elon Musk, the presidency and a news report said Thursday. Macron awarded Arnault the country's highest honour, the Grand Cross of the Legion d'Honneur, at the event on Wednesday evening, the presidency said, confirming a report on news website […]

  • Racing towards empowerment: Charlotte Tilbury's F1 Academy partnership and the drive for career opportunities
    by news@fashionunited.com (Press Club) on 14/03/2024 at 13:47

    Founder Charlotte Tilbury. Credits: Charlotte Tilbury Charlotte Tilbury, a pioneer in the beauty industry, recently announced that it will become the first beauty brand and the first company founded by a woman to sponsor the F1 Academy, an all-female racing championship created by Formula One. This significant partnership underlines the brand's commitment to empowerment, a core principle of founder Charlotte Tilbury's approach from her beginnings as a visionary make-up artist to becoming a […]

  • NWEC: Oxford Street brings in highest sales of West End
    by news@fashionunited.com (Rachel Douglass) on 14/03/2024 at 12:36

    Uniqlo One Oxford Street, London Credits: Uniqlo Amid an ongoing rejuvenation of the famous shopping destination, the landlord of Oxford Street has shared data that shows such investments are beginning to pay off. New research carried out by New West End Company (NWEC) and property firm Colliers has said that Oxford Street was the “largest single component of the West End, both in terms of scale of offer and share of spend and visits” last year. According to the figures, Oxford Street […]

  • V&A unveils further details for upcoming Naomi Campbell exhibition
    by news@fashionunited.com (Danielle Wightman-Stone) on 14/03/2024 at 12:13

    Naomi Campbell press launch for 'Naomi. In Fashion' exhibition Credits: Dave Benett / Getty Images for the Victoria & Albert Museum British supermodel Naomi Campbell 40-year career in the fashion industry will be the focus of an upcoming exhibition at the V&A Museum in London. Opening in June, ‘Naomi: In Fashion’ will mark the first exhibition charting the model’s career and will draw inspiration from Campbell’s own extensive wardrobe of haute couture and ready-to-wear […]

  • Stitch Fix appoints new chief people officer
    by news@fashionunited.com (Rachel Douglass) on 14/03/2024 at 11:51

    Stitch Fix box Credits: Stitch Fix Personal styling platform Stitch Fix has announced the appointment of Lillian Reaume as the company’s new chief people officer. Reporting to CEO Matt Baer, Reaume will oversee all people-related functions for Stitch Fix, including talent management, leadership development and DEI. She joins the company from cybersecurity firm Rubrik, where she had also served as chief people officer. Prior to this, Reaume held a number of HR leadership roles at Amazon, […]

  • France: Esmod alumnus wins first edition TikTok Fashion Competition
    by news@fashionunited.com (Sharon Camara) on 14/03/2024 at 11:31

    Winners of the first edition of the TikTok Fashion Competition France. Credits: image via Tiktok Newsroom The three winners of the first edition of the ‘TikTok Fashion Competition’ in France have been revealed. They managed to stand out from 6000 candidates. Following a call for applications launched in October 2023 and 14 weeks of competition, the final of the in-app TikTok Fashion contest was held on March 7 at the Parisian department store La Samaritaine. Thirty-eight candidates took […]

  • Inditex reveals 1.8 billion euro investment plan for 2024/25
    by news@fashionunited.com (Jaime Martinez) on 14/03/2024 at 11:10

    Massimo Dutti store. Credits: Inditex. Accompanying the publication of its financial results for the FY23, which were once again at record highs, the Inditex Group also announced some of the main levers that will be used to continue to stimulate its growth, both in the short and medium term. These measures include both the launch of a new logistics expansion plan, through 1.8 billion euros in investments, and the renewed commitment to the strategic market of the US, with the opening of the […]

  • On unveils tennis apparel collection
    by news@fashionunited.com (Danielle Wightman-Stone) on 14/03/2024 at 10:58

    On Tennis Apparel collection SS24 Credits: On In Pictures Swiss high-performance sportswear brand On, backed by tennis star Roger Federer, has unveiled its highly anticipated tennis apparel collection, as it continues its ambition to become the world’s “most premium” sportswear brand. On has drawn from its close collaborations with tennis stars Iga Świątek and Ben Shelton to create a premium and innovative comprehensive collection of on-court and off-court tennis styles, comprising […]

  • Samuel Ross appointed artistic director of London Design Biennale
    by news@fashionunited.com (Rachel Douglass) on 14/03/2024 at 10:43

    Samuel Ross. Credits: Hublot British designer Samuel Ross has been named artistic director of the London Design Biennale, a design and innovation festival that is being hosted in the English capital from June 5 to 29, 2025. The event, which is to take place at Somerset House, will follow the theme ‘Surface Reflections’, exploring how ideas are “fuelled by both our internal experiences and external influences” and how revelations in life inform who we are. In a release, Ross, who is […]

  • Harpar Grace names new global commercial director
    by news@fashionunited.com (Danielle Wightman-Stone) on 14/03/2024 at 10:23

    Beauty Harpar Grace International (HGI), the luxury skincare and wellness distributor, has appointed Nicola Bell as its new global commercial director. Bell will be responsible for driving HGI’s commercial strategy on a global scale, identifying and capitalising on new business opportunities, fostering strategic partnerships, and enhancing customer relationships to accelerate growth and maximise value for clients. Before joining HGI, Bell held key leadership roles at the International […]

  • Frame eyes expansion with new CEO of EMEA markets
    by news@fashionunited.com (Danielle Wightman-Stone) on 14/03/2024 at 10:17

    Frame store at 94 Marylebone High Street, London Credits: Frame Californian luxury fashion house Frame is pushing forward its expansion in Europe, the Middle East and Africa with the appointment of Thomas Lecoq as chief executive officer for its operations in the three regions. Lecoq, who has more than 15 years of experience within the fashion industry, having held key positions at brands such as Ganni, Zimmerman, Vince, Marc Jacobs, and Giorgio Armani, has been brought on to drive Frame’s […]

  • European Parliament votes in favour of Green Claims Directive, but in time?
    by news@fashionunited.com (Simone Preuss) on 14/03/2024 at 10:12

    Greenwashing illustration. Credits: Jackie Mallon On Tuesday, the European Parliament voted in favour of the Green Claims Directive, proposed by the European Commission in March 2023, thus confirming its stance that a game-changing legal framework to eliminate greenwashing is indeed much needed. As part of the proposal, environmental claims would need to be verified by independent verifiers before a product is placed on the market. This would empower authorities and support companies to make […]

  • John Lewis returns to profit, partner bonuses not in sight
    by news@fashionunited.com (Rachel Douglass) on 14/03/2024 at 09:54

    John Lewis; Horsham store Credits: John Lewis. After a tumultuous period of falling sales, John Lewis Partnership (JLP) has finally bounced back into the black. Yet while the news appears to be a turning point for the struggling retail group, it will mark another year of no bonuses for its staff. In the year to January 27, JLP said it made a pre-tax profit of 56 million pounds, a 290 million pound improvement year-on-year. The group’s full-year sales, meanwhile, amounted to 12.4 billion […]

  • Short guest appearance: Walter Chiapponi leaves Blumarine after one season
    by news@fashionunited.com (Jule Scott) on 14/03/2024 at 09:46

    Walter Chiapponi. Credits: ©Launchmetrics/spotlight Walter Chiapponi debuted his vision as creative director for Blumarine at Milan Fashion Week in February, but it was short-lived. The designer, who took up the role of creative director at the Italian fashion house in November, will now be leaving, Blumarine announced on Thursday. "For me, it was a kind of return to the future, in which I have put all my love and creative passion," said Chiapponi. "My thanks for this experience go first and […]

  • Fossil Group CEO steps down as strategic review launches
    by news@fashionunited.com (Rachel Douglass) on 14/03/2024 at 09:22

    ‘Made For This’ – Fossil campaign, developed by Mekanism, directed by Bradley & Pablo of Prettybird Productions and shot by Tim Barber Credits: Fossil The chief executive officer of Fossil Group, Kosta N. Kartsotis, has stepped down from his position alongside the launch of strategic review for the company after its net sales for the full financial year dropped by 16 percent. Stepping into Kartsotis’ place will be chief operating officer, Jeffrey N. Boyer, who has been appointed […]

  • Marks & Spencer appoints former Hunkemöller exec as lingerie director
    by news@fashionunited.com (Rachel Douglass) on 14/03/2024 at 08:56

    Marks & Spencer Bra Fit campaign. Credits: Marks & Spencer British department store giant Marks & Spencer has announced the appointment of Charlotte Davies as its new lingerie director. Davies will succeed Laura Charles, who is retiring from the position after 10 years of driving the company’s “market-leading lingerie category”, as noted in an official announcement of the retailer’s LinkedIn. The appointment marks a return for Davies, who had initially left Marks & […]

  • Vera Bradley revenues decline, earnings fall short of estimates
    by news@fashionunited.com (Prachi Singh) on 14/03/2024 at 08:46

    Vera Bradley Credits: Vera Bradley/Facebook Vera Bradley’s fourth quarter net revenues declined 6.1 percent to 133.3 million dollars, while net loss was 1.9 million dollars or 6 cents per diluted share. On a non-GAAP basis net income totaled 3.5 million dollars or 11 cents per diluted share compared to analysts' estimate of 15 cents. Consolidated net revenues dropped to 470.8 million dollars for fiscal 2024 and net income reached 7.8 million dollars or 25 cents per diluted share. On a […]

  • Three Unique Ways STUDIO 9 Enhances Your Retail Branding Concept
    by news@fashionunited.com (Partner) on 14/03/2024 at 08:43

    Credits: STUDIO 9 Renowned for its commitment to creating immersive experiences through design, STUDIO 9 has developed a conceptualisation that brings value to global retailers. At the heart of STUDIO 9’s success lies a passion for details and pushing the boundaries of brand experiences in the retail world. With a diverse team of highly skilled professionals, including designers, engineers, and compliance and sustainability experts, STUDIO 9 has established an environment that sparks […]

  • Matches CEO and CFO reportedly step down following administration
    by news@fashionunited.com (Rachel Douglass) on 14/03/2024 at 08:37

    Matches in London Credits: Shaun James Cox / Matches The chief executive officer, Nick Beighton, and chief financial officer, Dave Murray, of Matches are believed to have exited the company days after it fell into administration. Both Beighton and Murray are understood to have been among the 273 job cuts made after the redundancy filing was put into place, according to Drapers. Last week, administrators from Teneo Financial Advisory were appointed to oversee the process three months on from […]

  • American legislature could see TikTok banned in the U.S
    by news@fashionunited.com (Don-Alvin Adegeest ) on 14/03/2024 at 08:33

    TikTok content creator Credits: Foto: Pexels, Cottonbro The U.S. House of Representatives has greenlit a bill that could spell trouble for TikTok's American presence. The legislation mandates ByteDance, TikTok's parent company, to relinquish its majority ownership within six months, failure of which could result in the app being banned in the U.S.. The bill now awaits Senate approval and subsequent presidential sanction to materialise into law, reported the BBC. Some politicians are worried […]

  • Tips from an expert: How to spot a fake designer handbag
    by news@fashionunited.com (Don-Alvin Adegeest ) on 14/03/2024 at 07:56

    Fake designer bags Credits: Courtesy Fairfax & Favor Recent data reveals a concerning trend that a significant portion of young consumers, approximately 37 percent, purchased counterfeit designer goods in 2022. Moreover, the global counterfeit goods market exceeded the GDP of Austria and Ireland combined in 2019. This surge in counterfeit products has persisted, with estimates suggesting that up to 10 percent of all designer goods sold may be fake, and a staggering 80 percent of […]

  • Spinnova reports sales decline, announces growth strategy
    by news@fashionunited.com (Prachi Singh) on 14/03/2024 at 06:37

    Spinnova Credits: Adidas Spinnova’s 2023 revenue declined to 10,640 thousand euros and operating result for the period was negative 20, 926 thousand euros. For the second half, revenue declined to 1, 820 thousand euros and operating result was negative 9, 931 thousand euros. As part of the new strategy, Spinnova will focus on technology sales and delivering the technology together with its partners. Technology sales will be targeted at where it creates the most value, with upstream raw […]

  • Karla Martin joins Ramy Brook’s advisory board
    by news@fashionunited.com (Prachi Singh) on 14/03/2024 at 06:16

    Ramy Brook Credits: Facebook Ramy Brook announces the addition of C-Suite advisor and executive Karla Martin to its advisory board. Martin is currently the leader of Deloitte Consulting's 8 billion dollars global retail, luxury and fashion practice. With over 25 years of experience advising Fortune 500 brands and retailers, the company said, Martin will play an important role in advising on the brand's strategic initiatives to further accelerate its significant growth. "Karla Martin’s […]

  • Foot Locker names Cindy Carlisle as chief human resources officer
    by news@fashionunited.com (Prachi Singh) on 14/03/2024 at 06:03

    Foot Locker store Credits: Foot Locker Foot Locker has announced the appointment of Cindy Carlisle as executive vice president and chief human resources officer. "I am confident that Cindy's deep expertise in HR, culture, engagement, and business strategy will be an incredible asset to our team members as we execute our Lace Up Plan and embark on our next 50 years of growth,” said Mary Dillon, president and CEO, Foot Locker, Inc. Carlisle, the company said in a release, will be responsible […]

  • Under Armour founder Kevin Plank assumes CEO role
    by news@fashionunited.com (Prachi Singh) on 14/03/2024 at 05:57

    Stephen Curry and Kevin Plank Credits: Under Armour Under Armour has named Kevin Plank as president & chief executive officer, effective April 1, 2024. Plank will succeed Stephanie Linnartz. In connection with Plank's appointment, the company said, Dr. Mohamed A. El-Erian, an independent director since 2018 and lead director since 2020, will become the non-executive chair of the board. Plank will remain a director on the board, while Linnartz will remain an advisor to the company through […]

  • Myer posts positive H1, names Olivia Wirth chair and CEO
    by news@fashionunited.com (Prachi Singh) on 14/03/2024 at 05:30

    Ari Mervis, Olivia Wirth, John King Credits: Myer Myer Group comparable sales rose 0.1 percent in the first six month period, while total sales of 1,829.1 million Australian dollars declined 3 percent but were 13.8 percent above pre-Covid period. The Myer Holdings Limited also announced the appointment of independent non-executive director, Olivia Wirth, as executive chair to drive the company’s next phase of growth. Wirth will assume her role as chair effective immediately and assume CEO […]

  • Real Leather Stay Different student design competition 2024 opens applications
    by news@fashionunited.com (Veerle Versteeg) on 13/03/2024 at 17:37

    RLSD 2023 International Student Design Competition apparel winning design ‘WHIM’. Credits: Real Leather Stay Different Real Leather Stay Different and Arts Thread have opened entries for the fourth edition of their international student design competition. The competition is open to all students in higher education globally who have graduated in the past year. The aim of the competition is to “challenge the fast fashion cycle and promote the sustainability of leather” by providing […]

  • Clampdown on fast fashion in EU sights
    by news@fashionunited.com (AFP) on 13/03/2024 at 13:52

    European quarter in Brussels. Credits : Guillaume Périgois, via Unsplash Strasbourg - EU lawmakers voted Wednesday to toughen rules on textile waste linked to so-called "fast-fashion". The proposal also creates new obligations for the textile sector, with producers required to foot the bill for collecting, sorting and recycling clothing, but also everything from carpets to mattresses, under the responsibility of member states. Less than one percent of textiles worldwide are recycled at […]

  • Daniel Bruhl on playing Karl Lagerfeld: 'He walked like a matador'
    by news@fashionunited.com (AFP) on 13/03/2024 at 13:30

    Karl Lagerfeld and Jared Leto. Credits: Rindorf Dufour Paris - Daniel Bruhl has the role of a lifetime as one of fashion's most iconic designers in "Becoming Karl Lagerfeld". He literally had to walk in the man's shoes to nail it. The show, which comes to Disney+ in June, follows the ponytailed couturier, whose ice-cold wit and groundbreaking designs for the likes of Fendi and Chanel made him a paragon of fashion up to his death at 85 in 2019. Bruhl, 45, known from hits including "Good Bye, […]

  • Celine unveils push into beauty with lipstick
    by news@fashionunited.com (Danielle Wightman-Stone) on 13/03/2024 at 11:12

    Celine Beauté lipstick Credits: Celine Beauté Beauty Celine teased its expansion into beauty with the first cosmetics line in the French fashion house’s history on its Instagram account. The fashion film for its autumn/winter 2024 ‘La Collection De L’Arc De Triomphe’ collection revealed models striding through the streets of Paris, wearing the brand’s ‘La Peau Nue’ rose-hued lipstick, one of the 15 shades of lipstick in the ‘Le Rouge Celine’ collection that will launch in […]

  • Somerset House to present first exhibition on Charles Jeffrey
    by news@fashionunited.com (Danielle Wightman-Stone) on 13/03/2024 at 10:32

    Charles Jeffrey Loverboy ‘Gender Fluid’ Credits: Tim Walker Glaswegian-born designer, illustrator, and stylist Charles Jeffrey will be the focus of a new exhibition at Somerset House to celebrate the 10th anniversary of his fashion house Loverboy. ‘The Lore of Loverboy’ will run from June 8 to September 1 and will examine Jeffrey’s impact on the global fashion scene, from club to catwalk, and will include “the full spectrum of his prolific output,” as well as newly commissioned […]

  • Cos to show SS24 collection in Rome
    by news@fashionunited.com (Danielle Wightman-Stone) on 13/03/2024 at 10:11

    Rome, Italy Credits: Cos London-based fashion brand Cos will present its spring/summer 2024 collections with a catwalk show in Rome, Italy, later this month. The showcase will take place on March 26 at 3pm CET, with Cos adding that it will focus on “craftsmanship and enduring design,” and include the brand’s latest Atelier capsule and mainline collection. Cos didn’t reveal the exact location in the short statement, instead teased that the catwalk show would be set against the backdrop […]

  • Amsterdam Textile Show: A new breath of fashion at RAI Amsterdam
    by news@fashionunited.com (Partner) on 13/03/2024 at 10:02

    Credits: Exponew The countdown is on for the Amsterdam Textile Show, which will leave its mark on the textile world in the Dutch capital. The first bi-annual textile fair organised by Exponew at the RAI Amsterdam, which has a generous exhibition area of 24,000 square metres, will welcome its visitors from 27 to 29 March. The Amsterdam Textile Show community is embarking on a new path with its participants and visitors and has come to the end of an exciting, dynamic, innovative and professional […]

  • Zalando targets a larger share of the fashion e-commerce market with new "ecosystem"
    by news@fashionunited.com (Danielle Wightman-Stone) on 13/03/2024 at 09:28

    Zalando ‘Designer’ destination campaign with ambassador Rina Sawayama Credits: Zalando German company Zalando is looking to grow its share of the fashion and lifestyle e-commerce market with a new evolved pan-European "ecosystem" aimed at boosting both its business-to-business (B2B) and business-to-consumer (B2C) to further “deepen” customer and partner relationships. In a statement, Zalando said the updated evolved "ecosystem" strategy would help the e-commerce business drive growth […]

  • Dior to present cruise collection in Scotland
    by news@fashionunited.com (Danielle Wightman-Stone) on 13/03/2024 at 09:06

    Drummond Castle and Gardens in Scotland Credits: Katielee Arrowsmith @SWNS French luxury fashion house Dior is heading to Scotland to present its cruise 2025 collection at Drummond Castle in Perthshire near Crieff, described as a “historic architectural treasure”. The cruise show will take place on June 3, with the Renaissance-style gardens of the Scottish castle serving as the backdrop for Dior’s creative director Maria Grazia Chiuri’s creations. In a short statement, Dior said that […]

  • GFA and PDS Venture launch new fashion funding programme
    by news@fashionunited.com (Danielle Wightman-Stone) on 13/03/2024 at 08:49

    GFA and PDS Venture ‘Trailblazer Programme’ Credits: GFA and PDS Venture Non-profit organisation Global Fashion Agenda (GFA) and PDS Venture, the innovation and investment arm of PDS Group, have launched a new funding programme aimed at scaling fashion innovation. The new ‘Trailblazer Programme’ is looking to identify and support fashion’s “most promising” early-stage innovators working to accelerate the transformation of the fashion and textile industry with planet-positive […]

  • Pura names new chief operating officer
    by news@fashionunited.com (Danielle Wightman-Stone) on 13/03/2024 at 08:34

    Smart fragrance company Pura has named Patricia Coan as its new chief operating officer (COO) to support its continued growth and drive innovation in the industry. Coan, previously Pura’s vice president of operations, will be responsible for the company’s end-to-end supply chain, including planning, sourcing, quality, and logistics. The new appointment comes as Pura continues to expand its footprint and reflects its ongoing commitment to “providing cutting-edge products and exceptional […]

  • Zalando announces strategy to return to growth
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 08:29

    Zalando headquarters Credits: Zalando SE In 2023, Zalando’s GMV decreased 1.1 percent to 14.6 billion euros and revenue declined 1.9 percent to 10.1 billion euros. Full-year adjusted EBIT rose to 350 million euros, resulting in an adjusted EBIT margin of 3.5 percent, up 1.7 percentage points from 2022. The company has announced a strategy to build a pan-European fashion and lifestyle e-commerce ecosystem around two growth vectors: business-to-consumer (B2C) and business- to-business (B2B). […]

  • Zara-owner Inditex 2023 sales and profit jump
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 08:14

    Zara store Credits: Zara In 2023, Inditex sales grew 10.4 percent to reach 35.9 billion euros with positive development both in stores and online and in all geographical areas and concepts. Sales in constant currency grew 14.1 percent. The company said that store and online sales in constant currency increased 11 percent between February 1 and March 11, 2024 versus the same period in 2023. At current exchange rates, Inditex expects a 1.5 percent negative currency impact on sales in 2024 and […]

  • Italy's Miroglio Group acquires Trussardi
    by news@fashionunited.com (Don-Alvin Adegeest ) on 13/03/2024 at 08:11

    Italy’s Miroglio Group has acquired fashion brand Trussardi. Reports of a sale and restructuring had been circulating since January. Trussardi will become part of Miroglio Group as an independent brand, maintaining its headquarters in the city of Milan. As explained by the group led by Alberto Racca, "the scope of the operation includes a network of 15 strategically positioned retail outlets in Italy, the historical archive, and licensing rights, which extend the brand's visibility and […]

  • Express delisted from the New York Stock Exchange
    by news@fashionunited.com (Don-Alvin Adegeest ) on 13/03/2024 at 08:09

    Stock Exchange Credits: Pexels U.S. mall brand Express has seen its shares suspended from the New York Stock Exchange (NYSE) and will now be traded on the OTC Pink Open Market. The NYSE decided to seek delisting of Express as the retailer failed to meet the requirement of maintaining an average global market capitalization of at least 15 million dollars over 30 consecutive trading days, reported Market Watch. Although the NYSE mentioned Express's right to appeal, there were no indications of […]

  • Adidas posts loss, expects to return to top-line growth in 2024
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 07:59

    Adidas Flagship in Shanghai Credits: Adidas AG In 2023, currency-neutral revenues at Adidas were flat compared to the prior year, while in euro terms, revenues declined 5 percent to 21.4 billion euros. Annual net loss from continuing operations was 58 million euros compared to net income of 254 million euros in 2022 and both basic and diluted earnings per share (EPS) from continuing operations reached negative 0.67 euros. In 2024, the company expects macroeconomic challenges and geopolitical […]

  • Tod’s posts 11.9 percent revenue increase in 2023
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 06:20

    Tod's store on Madison Avenue Credits: Tod's spa In fiscal year 2023, Tod’s Group consolidated sales were 1,126.7 million euros, up 11.9 percent against FY 2022. These figures imply a growth of 7.5 percent in the fourth quarter, at constant rates, driven by 11.9 percent growth in the retail channel. Commenting on the results, Diego Della Valle, chairman and CEO of the Group, said: “In FY2023 our Group recorded double-digit growth in revenues and a strong improvement in profitability. At […]

  • Item of the week: the retro bikini
    by news@fashionunited.com (Rachel Douglass) on 13/03/2024 at 06:05

    (From left) Vero Moda, Madewell, Etro. Credits: FashionUnited Marketplace.What it is: While we have not yet quite escaped the frosty winter months, this week’s item of the week is looking ahead in excited anticipation for summer, and is therefore diving into one of the top swimwear trends for the coming season – the retro bikini. It was the swimwear runways of SS24 that truly brought this bright and colourful style to life, with brands-upon-brands opting for 70s- and 80s-esque prints for […]

  • On Running records positive 2023 sales growth
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 06:02

    On DTC store in Portland Credits: On On’s net sales in 2023 increased 46.6 percent to 1,792.1 million Swiss francs or by 55 percent on a constant currency basis. On’s fourth quarter net sales increased 21.9 percent to 447.1 million Swiss francs or by 31 percent on a constant currency basis. Commenting on the company’s financial performance, Martin Hoffmann, co-CEO and CFO of On, said in a statement: “We achieved an outstanding 55 percent constant currency net sales growth, while […]

  • Estée Lauder general counsel Deirdre Stanley steps down
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 05:37

    Estée Lauder Credits: The Estée Lauder Companies/Facebook The Estée Lauder Companies has announced the departure of Deirdre Stanley, executive vice president and general counsel. The company said in a statement that Stanleys will remain in her role until April 2, 2024. “Deirdre is a highly respected leader and colleague across our organisation and industry. Since joining ELC in 2019, she has made many significant contributions to the company through her business acumen, knowledge of the […]

  • Kohl’s reports strong earnings
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 05:21

    Kohl's store Credits: Kohl's Corporation Kohl’s fourth quarter net sales decreased 1.1 percent to 5.7 billion dollars and comparable sales decreased 4.3 percent; while fiscal year 2023 net sales decreased 3.4 percent to 16.6 billion dollars and comparable sales decreased 4.7 percent. However, the company reported fourth quarter net income was 186 million dollars or 1.67 dollars per diluted share and 2023 net income of 317 million dollars or 2.85 dollars per diluted share. Commenting on the […]

  • Allbirds Q4 loss widens, names Joe Vernachio as CEO
    by news@fashionunited.com (Prachi Singh) on 13/03/2024 at 05:08

    Allbirds store Credits: Allbirds Allbirds fourth quarter net revenue decreased 14.5 percent to 72 million dollars, while net loss widened to 56.8 million dollars or 37 cents per basic and diluted share. Full year net revenue decreased 14.7 percent to 254.1 million dollars versus a year ago and net reached 152.5 million dollars or 1.01 dollars per basic and diluted share. The company also announced the appointment of COO Joe Vernachio as CEO, effective March 15, 2024. Allbirds co-founder & […]

  • Dan Sheridan to succeed Jim Weber as CEO at Brooks Running
    by news@fashionunited.com (Vivian Hendriksz) on 12/03/2024 at 21:05

    Dan Sheridan, who currently serves as President and Chief Operating Officer, will become Brooks’ next CEO. Credits: Business Wire Brooks Running has announced that its current CEO, Jim Weber, is set to step down from the role after serving 23 years in the position. Dan Sheridan, currently serving as President and Chief Operating Officer, will be appointed as the next CEO of the performance wear brand on April 26, 2024, succeeding him. Weber first joined Brooks’ board of directors in 1999 […]

  • Le Figaro publishes list of top schools in France to study fashion
    by news@fashionunited.com (Veerle Versteeg) on 12/03/2024 at 15:17

    Textile design, illustrative image. Credits: Los Muertos Crew/ Pexels French newspaper Le Figaro has published its first ranking of the top institutions for design and architecture studies in France. Based on a number of criteria, Ensci-Les Ateliers, a public institution in Paris has been named the top school for design and architecture in France. France is known for its fashion and design programmes at the higher education level. ‘Le Figaro Etudiant’, the newspaper’s section for […]

  • Luxury brands are grappling with billions of euros of unsold inventory
    by news@fashionunited.com (Don-Alvin Adegeest ) on 12/03/2024 at 14:23

    The issue of excess inventory is commonly associated with fast fashion and ultra-fast fashion retailers due to their rapid production cycles and the need to constantly introduce new styles. However luxury companies are similarly struggling with substantial amounts of unsold stock, proving the situation is no longer exclusive to the lower end of the market. Luxury brands, often characterized by their exclusivity and premium pricing, face challenges related to changing consumer preferences, […]

  • Challenges of New York’s Fashion Act and those helping to prepare for it
    by news@fashionunited.com (Rachel Douglass) on 12/03/2024 at 14:08

    Attendees of New York Fashion Week FW24, street style imagery. Credits: ©Launchmetrics/spotlight Despite the urgency and demand for regulations mounting against an unruly fashion industry, there still seems to be a sense of friction when introducing new legislation that aims to do just that. This has been the case for New York’s Fashion Act, which has found itself sitting in the committee stage of the state’s senate for the two years of its existence. While this may be the case, it […]

  • PTC® Pioneers Integration Between FlexPLM® and DMIx Platform
    by news@fashionunited.com (Press Club) on 12/03/2024 at 14:06

    Credits: PTC PTC is proud to announce the results of a pioneering collaboration: integration between the retail industry’s most widely used PLM platform, FlexPLM, and the leading digital product creation and color management platform, DMIx, developed by ColorDigital GmbH. This industry-first collaboration will be showcased for the first time at the highly anticipated PI Apparel Europe Show, taking place at Lake Maggiore on March 12 & 13, 2024. Leveraging PTC’s Flex Insights platform, […]