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Torrid's 2025 performance: net sales decline amidst store optimization

For the fiscal year ended January 31, 2026, US-based apparel brand Torrid, which specialises in womenswear sizes 10 to 30, recorded annual net sales of 1.10 billion dollars, a 9.4 percent decrease versus the previous year. The company underwent significant structural changes during the period, including the closure of 151 locations deemed...

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How the energy crisis is affecting garment manufacturing hubs

The garment industry is currently navigating a crisis that is less about fashion trends and more about basic survival. As of mid-March 2026, the energy arteries that feed manufacturing hubs in South Asia have all but collapsed under the weight of the West Asia conflict. The closure of the Strait of Hormuz has turned a steady stream of industrial...

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Lands’ End returns to growth and announces strategic joint venture with WHP Global

American lifestyle brand Lands’ End has reported a return to topline growth for the fourth quarter of fiscal 2025, alongside a transformative partnership with brand management firm WHP Global. The agreement, which involves the formation of a joint venture (JV) to manage the brand’s intellectual property, is expected to eliminate the company’s...

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Destination XL reports fiscal 2025 net loss amid sector headwinds

The US specialty retailer Destination XL Group (DXL) has reported a net loss of 35.90 million dollars for the fiscal year 2025, ended January 31, 2026. This result compares to a net income of 3.10 million dollars in fiscal 2024. Total sales for the year reached 435 million dollars, representing a 6.9 percent decrease from the 467 million dollars...

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Caleres reports revenue growth amid Stuart Weitzman integration

US footwear group Caleres has announced its financial results for the fourth quarter and full fiscal year ending January 31, 2026, revealing a period of strategic transition marked by the integration of the Stuart Weitzman brand. The St. Louis-based company reported a fourth quarter net sales increase of 8.7 percent to 695.10 million dollars,...

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Oil at 200 dollars a barrel: Middle East conflict sends shockwaves through fashion

As the global conflict involving Iran escalates, the prospect of oil prices climbing towards 200 dollars a barrel no longer feels implausible. Fashion businesses across the UK and Europe are once again bracing for volatility, as energy markets react sharply to geopolitical risk. From fibre production and manufacturing to freight costs and...

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Debenhams Group reportedly enacts redundancies in move to AI imagery

Debenhams Group has reportedly carried out a handful of redundancies as it expands the use of artificial intelligence (AI) across image creation. According to sources for Drapers, less than five redundancies have taken place to date within the studio department, which includes photography, hair and makeup, retouching, casting and production. The...

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Mori expands US presence with Kidly by Mori launch

British baby and children’s wear brand Mori is venturing further into the US market through the regional launch of Kidly by Mori as part of its next phase of growth. The London-founded label has pitted the US as a key strategic growth market, with Nordstrom and Bloomingdale’s already serving as stockists for the Mori brand itself, operating...

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Swarovski reports revenue of 1.97 billion euros for fiscal year 2025

Swarovski store Credits: Swarovski Swiss-Austrian crystal group Swarovski has announced its financial results for the fiscal year ending December 31, 2025, reporting a year of broad-based progress and improved profitability. The family-owned business delivered 6 percent organic growth compared to the previous year, reaching 1.97 billion euros...

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Misto Holdings reports 31.6 percent growth in operating profit for 2025

South Korean brand portfolio company Misto Holdings, formerly known as Fila Holdings, has announced its financial results for the fourth quarter and full year of 2025. The Seoul-based group recorded consolidated revenue of 4.47 trillion South Korean won (2.98 billion dollars) for the full year, representing an increase of 4.7 percent...

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5 key trends shaping luxury fashion sector in 2026

After a year shaped by uncertainty, creative setbacks, pricing shifts, and operational disruption, signs indicate that the global luxury market is heading into a year of stabilization, albeit at a moderate pace. With executive leaders across the board remaining cautiously optimistic, reports from consulting firms, including Deloitte, BNP...

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H&M faces renewed pressure over mohair use following PETA investigation

Swedish retail giant H&M is facing a renewed call to ban mohair following a new investigation into Responsible Mohair Standard (RMS) farms that claims to have found evidence of animal cruelty. The People for the Ethical Treatment of Animals (PETA) has submitted a shareholder resolution to H&M requesting the retailer to reinstate a policy to ban...