The owner of brands including Umbro and Lee Cooper announced Q1 revenue of $23.6 million on Thursday, representing a 15% year-over-year decline, largely due to a 41% decrease in the company’s women’s segment.
There’s been a lot of talk about Crocs being hot again in recent months and StockX, the resale platform for sneakers, streetwear, and collectibles said in the UK, it has seen Crocs sales rising five-fold year-on-year.
South African conglomerate Steinhoff said on Friday it had set the price of shares in discount retailer Pepco at 40 zlotys (8.8 euros) in its Warsaw listing, giving the company a market capitalisation of 23 bn zlotys.
Boohoo is continuing its self-cleansing process. The online fast fashion retailer has launched a new clothing range made from recycled plastic and published its ‘Ready For The Future’ commitment to sustainability.
Arthur Beale, one of the oldest stores in London, is to close permanently next month. The storied yacht chandler on Shaftesbury Avenue, adjacent to Covent Garden, is to shut its doors after 150 years in the location.
Pradera Lateral is the surprise choice to manage the Trafford Centre. Its appointment follows a “competitive” tender process, with little-known Pradera beating industry giant Westfield to oversee the Manchester mall.
Amanda Wakeley is the latest UK fashion firm to collapse due to pressures created by the ongoing pandemic. The firm announced Friday that it had gone into administration with some jobs being cut as a buyer is sought.
VIA Outlets has reopened its entire 11-centre portfolio after Covid-19 restrictions were lifted in various markets. And it's seen encouraging trading, new services added and a host of new brands joining the portfolio.
Following two seasons with barely any in-person runways, the fashion week is set to make a spectacular comeback in September, with shows from brands including Rodarte and Altuzarra and the return of the Met Gala.
China's top e-commerce platform Alibaba Group Holding Ltd on Thursday posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator.