Uniqlo Japan, part of the Fast Retailing Group has reported 27.3 percent jump in June 2019 same-store sales including online sales. The company said, total sales including online sales increased by 26.9 percent. Uniqlo Japan has attributed the rise in same-store sales in June to strong sales of summer […]

INTERVIEW Technologically, manufacturing has advanced rapidly in China over the last few years. The country has said goodbye to low-cost production and is now betting on high-tech. This development is desired, politically, and funded by the state with large sums of money. Javier Garcia, president Asia […]

BACKGROUND Almost six weeks ago, the Clean Clothes Campaign (CCC) published its country report for Romania, which revealed that workers toil eight to ten hours a day plus forced, unpaid extra time, are subject to insults and harassment at the workplace and in the end, receive only 14 percent of a living […]

Li and Fung-owned company LF Logistics has received a cash injection of 300 million US dollars from Singapore-based investment company Temasek, after they agreed to acquire a 21.7 percent stake in the company. The investment values LF Logistics at approximately 1.4 billon US dollars on a post-money […]

New York – Canadian fashion startup Reheart is aiming at the untapped online wardrobe-sharing market with a platform that allows millennial women to lend their closets and rent clothes for up to 95 percent off their original price. Launched in late 2017, REHEART aims at “formalizing” the tradition of […]

WWD has reported that a judge is expected to rule on the deal to approve the sale of Roberto Cavalli to Damac. After the deal is approved a share purchase agreement would have to be signed. An announcement regarding the deal is expected in the coming days. Damac is a Dubai-based property developer. […]

Nike, Inc. has announced that fourth quarter revenue increased to 10.2 billion dollars, up 4 percent on a reported basis and 10 percent on a currency-neutral basis, while full year revenue rose to 39.1 billion dollars, up 7 percent on a reported basis and 11 percent on a currency-neutral basis, as strategic […]

Businesses will soon have more opportunities to make themselves visible on Instagram. The social media platform announced on Wednesday that it will start placing ads within the Explore page, the section where users can discover new content based on their preferences. Currently, ads are only placed in […]

Hennes & Mauritz AB (H&M), for its second quarter, said that the group’s net sales increased by 11 percent to 57.5 billion Swedish krona (6.2 billion dollars), while in local currencies, net sales increased by 6 percent compared with the corresponding quarter last year. Gross profit amounted to 31.5 […]

StockX has secured 110 million US dollars in a series C funding round led by DST Global, General Atlantic, and GGV Capital, bringing the company’s value to 1 billion US dollars. Current investors GV and Battery Ventures also participated in the new funding round. The news comes just nine months after […]

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