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Cato Fashion reports sharp decline in Q1 net income

US fashion retailer Cato Corporation has reported a net income of 3.33 million dollars for the first quarter ended May 3, 2025. This figure marks a significant decrease compared to the net income of 11 million dollars recorded for the first quarter ended May 4, 2024. Diluted earnings per share for the period fell to 0.17 dollars, down from 0.54...

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Ralph Lauren surpasses 8 billion dollars in annual revenue

Ralph Lauren Corporation, the US-based luxury lifestyle group, has reported its financial results for the fourth quarter and full fiscal year 2026, delivering performance that exceeded market expectations. The company crossed a significant financial milestone as annual revenues surpassed 8 billion dollars for the first time in its history. For...

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Kontoor strikes one billion dollar deal to sell Lee to Authentic Brands Group

US denim specialist Lee Jeans is set to change hands. Parent company Kontoor Brands has confirmed it has signed an agreement with Authentic Brands Group to sell the business for up to one billion dollars. The definitive deal, which has been approved by Kontoor’s board of directors, includes an initial transaction value of 750 million dollars and...

Culture

Cannes unfiltered: secrets behind the red carpet

Cannes, France - In Cannes, a look is not born on the red carpet. It is prepared months in advance, involving sketches, fittings and negotiations with fashion houses. What the public sees in a few seconds is the result of a precise mechanism where every detail matters. Dresses, accessories, hairstyles and makeup: nothing is left to chance. Each...

Fashion

Arab World Institute: call for applications for the 2026 Arab World Fashion Prize

Paris - The Arab World Institute (L’Institut du Monde Arabe) is launching the second edition of the Arab World Fashion Prize (Arab Fashion Award – AFA IMA). The call for applications is open until June 1, 2026. The inaugural award ceremony took place in October 2025. It was attended by Jack Lang, who was president of the IMA at the time, and...

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Primark, H&M and Zalando join industry push for resale and repair tax reform

Major fashion retailers including Primark, H&M Group and Zalando are calling on governments to introduce tax reforms aimed at making resale and repair more commercially available. The move comes as nearly 70 fashion and textile organisations signed a joint statement coordinated by the Ellen MacArthur Foundation, warning that current tax systems...

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West Marine files for bankruptcy, Rocky Brands and Luxottica among top creditors

The bankruptcy filing of US boating retailer West Marine, which recently sought Chapter 11 protection, has implicated several apparel companies. Rocky Brands, Kent Water Sports LLC, and Luxottica of America are listed among the retailer's top 30 unsecured creditors. Other brands sold by West Marine, such as Sperry, are reported to be less...

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French upcycler Losanje receives 6.7 million euro capital injection

French company Losanje, which specialises in textile upcycling, has secured a capital injection of 6.7 million euros (7.79 million dollars). Upcycling involves reusing existing materials to create a new product, such as making a bag from a pair of jeans. This process increases the value of the residual product, turning textile waste into a...

People

Gabriela Hearst and Joseph Altuzarra join CFDA board

The Council of Fashion Designers of America (CFDA) has named Gabriela Hearst and Joseph Altuzarra as new members of its board of directors. The news was confirmed by WWD. Both designers have already been long-term members of the organisation, Hearst having joined in 2012 and Altuzarra in 2013. They will sit alongside CFDA chairman Thom Browne,...

Fashion |In Pictures

Paul Smith launches collaboration with Gabriela Hearst

British designer Paul Smith has launched a limited-edition collection with his friend, Gabriela Hearst, centred around their “shared sensibility around craft and design”. The collaboration is described as having been “developed organically from a mutual passion for craftmanship and tailoring,” drawing on their longstanding friendship, love of...

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Business|Updated

Net-a-Porter facing strike action from London warehouse staff

Luxury e-tailer Net-a-Porter is facing a strike from 100 workers at its distribution centre in London. Deliveries are expected to be “savaged” due to the industrial action. The warehouse currently remains in operation, the company confirmed. The walk out, which was expected to take place between May 20 and 21, comes in response to the company’s...

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Puma appoints Dennis Schröder as managing director Europe

Herzogenaurach-based sportswear company Puma has appointed Dennis Schröder as managing director Europe. Schröder will take on his new role from August 17 and will report to chief commercial officer (CCO) Matthias Bäumer, Puma announced on Thursday. He takes over the European business from Javier Ortega, who will “step down from his position” in...