Business

Ralph Lauren Q1 revenue up 8 percent, beating estimates

Ralph Lauren beat revenue expectations in the first quarter of the year. The US fashion brand reported net revenue of 1.5 billion dollars, an increase of 8 percent compared to the previous year, or 13 percent on a constant currency basis. Breaking it down by geography, revenue in Ralph Lauren’s home market of North America was up 6 percent to...

3 hours ago

Business

Capri Holdings beats Q1 revenue, profit estimates

Michael Kors owner Capri Holdings made revenue of 1.36 billion dollars in the first quarter ended July 2, up 8.5 percent compared to last year, or up 15.2 percent on a constant currency basis. Breaking it down by brand, Michael Kors - the group’s biggest label - reported revenue of 913 million dollars, up 4.8 percent on last year. Meanwhile,...

5 hours ago

People

Japanese designer Issey Miyake dies, age 84

Famed fashion designer Issey Miyake, known for his pleated clothing technique, has died at 84. According to a statement from the Miyake Design Studio and the Issey Miyake Group to FashionUnited, Miyake passed away on August 5 surrounded by his closest friends and collaborators in a Tokyo hospital. He died of hepatocellular carcinoma. Born in...

7 hours ago

Fashion

Copenhagen Fashion Week teams up with Ukrainian Fashion Week

Copenhagen Fashion Week has kicked off its spring/summer 2023 showcase today, August 9, and announced a partnership with Ukrainian Fashion Week to “uplift a fellow fashion organisation in times of war”. To support Ukrainian fashion designers as the war with Russia continues, Copenhagen Fashion Week will be showcasing a digital fashion film from...

7 hours ago

Fashion

Helsinki Fashion Week ‘22 sees sustainability, digital fashion and war collide

Helsinki Fashion Week (HFW), held between August 5 to 7, returned in the physical format this year and once again set out hoping to spark conversations around important societal issues both in and outside of the fashion industry. A total of eight designers and brands showed during the event in the Finnish capital, each of which were chosen based...

9 hours ago

Retail

Abercrombie & Fitch launches new refreshed retail concept

Abercrombie & Fitch has unveiled a new “getaway” inspired retail concept inspired by the feelings experienced at the start of a long weekend to cater for its young millennial and zillennial customers. The new getaway-themed has been designed to replicate a chic hotel lobby, explains Abercrombie & Fitch in the press release, to prioritise...

9 hours ago

Retail

Price hikes on back-to-school essentials present challenges for consumers

Despite rising inflation, consumers are prioritizing back-to-school and college spending. According to the National Retail Federation (NRF) over one third or 38 percent of consumers have committed to cutting back on other expenses in order to be prepared for the upcoming fall semester. They expect to spend more than usual on both K-12 and...

14 hours ago

Business

Holzweiler secures significant investment from Sequoia Capital China

Contemporary Norwegian fashion and lifestyle brand Holzweiler has secured backing from venture firm Sequoia Capital China, supported by Carnegie Investment Banking, to help accelerate its global ambitions. The family-run label, founded in 2012 by siblings Andreas and Susanne Holzweiler, said that the strategic partnership with Sequoia Capital...

Aug 8, 2022

More News

Retail

John Lewis CEO says over 50s quitting jobs could fuel inflation

As the retail sector continues to suffer from a difficult labour market, John Lewis CEO Dame Sharon White said a new government must think "really hard" about getting older people back into work. Dame White told the BBC that the record number of job vacancies is unlike any time she has seen in her career. According to the BBC the UK has seen one...

1 hour ago

Business

Stella McCartney and Collaborative Fund launch 200m dollar sustainable investment

Stella McCartney has teamed up with Collaborative Fund to invest and support entrepreneurs building a more sustainable future. Called the SOS fund, an initial 200 million dollars will be invested in climate solutions and founders for better business. McCartney said she has been a part of SOS since “day 1 and we have already invewted in...

2 hours ago

Business

Ralph Lauren sole fashion brand included in 2022 women’s advancement in workplace list

Ralph Lauren has been named as one of the 43 companies to make Parity’s 2022 list outlining the best companies for women to advance in. The premium fashion brand was among the likes of Airbnb, Best Buy, Pepsi and The Clorox Company for the platform’s third annual edition of the report. The ParityList, established in 2020, recognises...

5 hours ago

Business

Shopify merchant growth plateaus according to new research

Businesses could be moving away from Shopify’s platform after being impacted by rising costs and a decrease in consumer spending, according to research carried out by YipitData. The report, which was shared through Reuters, found that the e-commerce platform had only added 71,000 global merchants in the first half of 2022, a far cry from the...

6 hours ago