At the opening of a new logistics hub in Barcelona, a 190,000 sq mt facility that will bring the whole operation under one roof, the brand’s CEO announced an increase in sales and promising signs of a turnaround.
A year and a half after taking charge of the ready-to-wear label owned by Italian fashion group OTB, CEO Stefano Biondo has left. He will be replaced by Barbara Calò, Marni’s global omni-channel retail director.
Department store Jenners could be under threat in Edinburgh with the owner of the building it occupies, Bestseller's boss, planning to convert the space into a part-retail location with a hotel, bar and restaurant.
H&M Group said this week that its youth-focused Weekday retail brand has become the first fashion label globally to create a garment with a new ultra-sustainable fabric from IFC, a textile start-up it has invested in.
Victoria Beckham’s fashion business remains loss-making and the latest accounts, for 2018, show that its losses widened last year as sales fell. But it also talked of profitable Q4 EBITDA for the current year.
Despite swinging to a loss and posting declining sales, Florida-based womenswear retailer Chico’s FAS reported better than expected Q3 results on Wednesday, as solid growth at its Soma intimates brand continues.
With holiday shoppers already making purchases and an increasing number of consumers expected to shop on Thanksgiving, analysts are predicting that this year’s Black Friday won’t have quite the same clout.