China’s largest e-commerce company, has had a “record-breaking” June Anniversary Sale, with 18 days of sales resulting in 29.2 billion dollars. The impressive results from the e-commerce giant’s annual anniversary sale was due to consumers “trading up” and seeing quality, stated in a statement, […]

Three organizations representing the American fashion, accessories and footwear industry, namely the American Apparel & Footwear Association, the Council of Fashion Designers of America and the Accessories Council, have penned a letter to president Donald Trump to manifest their opposition to the proposed […]

Tamara Mellon, the direct-to-consumer luxury women’s shoe brand announced today that it has raised 50 million USD in Series C financing. In a press release from the brand, this is one of the largest rounds to date for a female-founded fashion company. The latest round in funding brings Tamara Mellon’s […]

New York - Hennes & Mauritz Group (H&M) reported a 6 percent increase in local-currency sales for the second quarter. However, many analysts covering the Swedish fashion retailer’s shares warned about the company’s mounting excess of inventory and pressing margins could worsen in the second half of […]

ANALYSIS New York - The world’s second largest fashion retailer saw sales rise for the fourth consecutive quarter. However, Hennes & Mauritz AB revenue growth slowed down in April and May despite the Swedish clothing group’s attempts to reduce a buildup of inventory that’s been weighing on earnings […]

INTERVIEWWhy is it so common for garment factory workers to be paid less than a living wage? Part of the answer is the West’s appetite for cheap clothing. In short, if consumers are not paying for it, somebody else is. But Keren Pybus, co-founder of Ethical Apparel Africa (EAA), doesn’t think ethical […]

Berlin - Germany is proud of its textile recycling, and rightly so: Only a few countries worldwide collect their old textiles so consistently and use them for the second hand market or for recycling purposes. But even though the collected quantities have been increasing for years, the industry’s future […]

Global Fashion Group (GFG) has set the price range for its planned initial public offering (IPO) at 6 euros to 8 euros per share as the global fashion e-tailer prepares to float on the Frankfurt Stock Exchange. The offer period is expected to commence on 18 June and to expire on 25 June, while trading […]

In the second quarter of 2019 to May 31, 2019, Hennes & Mauritz AB (H&M) group’s net sales increased by 11 percent and amounted to 57,474 million Swedish krona (6,057 million dollars)). In local currencies, net sales increased by 6 percent. The company said in a statement that rapid changes in the fashion […]

ANALYSIS New York –Ted Baker’s (LSE: TED) is going through a year to forget. However, the market remains faithful in the company’s potential in the long haul. Struggling with maintaining its brand’s reputation after the founder was charged with questionable behaviour last year, the British fashion retailer […]

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