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Hong Kong retail sales rise in Dec, inbound tourism brightens outlook

Hong Kong retail sales rise in Dec, inbound tourism brightens outlook

Hong Kong's retail sales rose in December as economic sentiment improved alongside further relaxation of social distancing measures, the government said on Friday.
Fashion
Amazon’s revenue grows 9% in 2022

Amazon’s revenue grows 9% in 2022

In fiscal 2022, US group Amazon generated a revenue of $514 billion, equivalent to a 9% increase, although the group’s operating income slumped.
Fashion
Alpine Group joins Fashion For Good innovation platform

Alpine Group joins Fashion For Good innovation platform

Fabric innovator and apparel manufacturer Alpine Group has joined global innovation platform Fashion for Good as an ‘Affiliate Innovation Partner’. 
Fashion
ASOS joins GoodWeave International with India focus

ASOS joins GoodWeave International with India focus

Fashion e-tail giant ASOS has joined non-profit organisation GoodWeave International, supporting its work to end child, forced and bonded labour in global supply chains.
Fashion
Bollman buys majority share of Kangol from Frasers Group

Bollman buys majority share of Kangol from Frasers Group

Kangol has a new — but familiar — owner. Bollman Hat Company has entered into an agreement to acquire 51% of the UK heritage/streetwear hat brand from Frasers Group for an undisclosed sum.
Fashion
Owner of Yours Clothing, Long Tall Sally buys failed M&Co

Owner of Yours Clothing, Long Tall Sally buys failed M&Co

​Eight weeks after M&Co went into administration, it has been bought by AK Retail, which also owns Yours Clothing, BadRhino, Long Tall Sally, Bump It Up Maternity and PixieGirl. The purchase price wasn’t disclosed.
Fashion
Freemans reports buoyant Christmas, Julien Macdonald collab is "standout" success

Freemans reports buoyant Christmas, Julien Macdonald collab is "standout" success

​Freemans said on Friday that it had “a cracker of a Christmas” with sales in the eight weeks to the end of the year up as much as 23%. Its customer numbers also topped a million, which was up 65% from two years ago.
Fashion
Copenhagen Fashion Week: Stamm wins Zalando Sustainability Award

Copenhagen Fashion Week: Stamm wins Zalando Sustainability Award

​Stamm has won the AW23 Zalando Sustainability Award at Copenhagen Fashion Week with the brand having demonstrated “impressive craftsmanship as well as deep understanding and execution of more sustainable practices".
Fashion
UK retail footfall recovery continues as office workers boost high streets on weekdays

UK retail footfall recovery continues as office workers boost high streets on weekdays

​Footfall to UK retail destinations was up 12.5% in January, according to the latest BRC-Sensormatic IQ data. But while it rose, it was 2.6 percentage points down on December.
Fashion
Kohl's names Kingsbury as permanent CEO

Kohl's names Kingsbury as permanent CEO

Kohl's Corp said on Thursday that interim Chief Executive Officer Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, will take over the role on a permanent basis. 
Fashion
Amazon's outlook disappoints as customer budgets stay tight

Amazon's outlook disappoints as customer budgets stay tight

Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending. 
Fashion
PrettyLittleThing to open London showroom in heart of garment district

PrettyLittleThing to open London showroom in heart of garment district

Fashion retailer PrettyLittleThing has signed a deal to open new London West End offices and showrooms. The Boohoo Group-owned brand is to take 4,375 sq ft space on Great Portland Street.
Fashion
In The Style suffers two major investor cuts on losses warning

In The Style suffers two major investor cuts on losses warning

Two key investors have slashed their stakes in under-pressure online fashion retailer In The Style. The moves follow a warning in a trading update late last month, with In The Style admitting its losses will grow.
Fashion
Cristina Betts bullish for Iguatemi, explains the Brazilian giant’s future M&A roadmap

Cristina Betts bullish for Iguatemi, explains the Brazilian giant’s future M&A roadmap

This past week in Paris, Brazil’s most important luxury retailer Iguatemi feted its rebound from the pandemic, as its CEO Cristina Betts explained its M&A plans and predicted double continued digit growth in 2023.
Fashion
Big change at John Lewis sees customer director stepping down

Big change at John Lewis sees customer director stepping down

​There are big changes happening in John Lewis Partnership’s customer service capability, with the UK retail giant announcing new investment in its brands, data and technology “to give even more value to customers”.
Fashion
H&M to close four regional UK stores

H&M to close four regional UK stores

Global fashion giant H&M is planning to shutter four of its regional UK stores, citing a “rapid change” in customer behaviour. Stores in Hartlepool, Maidenhead, Newport on the Isle of Wight and Burton are set to close.
Fashion