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Walmart sees smaller profit drop as discounts draw shoppers, but clothing struggles

Walmart sees smaller profit drop as discounts draw shoppers, but clothing struggles

​Walmart nudged up its annual profit forecast on August 16, partly reversing a hefty recent cut, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales.
Fashion
Wolverine Worldwide’s revenue up 12.9% in Q2

Wolverine Worldwide’s revenue up 12.9% in Q2

Wolverine Worldwide posted revenue of $713.6 million in the second quarter for growth of 12.9 per cent versus the prior year. Excluding Sweaty Betty, revenue was $666.2 million, a record for the period.
Fashion
H&M returns to Alibaba's Tmall, 16 months after Xinjiang controversy

H&M returns to Alibaba's Tmall, 16 months after Xinjiang controversy

Swedish fashion giant H&M's official store on Alibaba's Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang.
Fashion
ABG to buy Ted Baker for £211m, will restructure firm and target US growth

ABG to buy Ted Baker for £211m, will restructure firm and target US growth

​Ted Baker and Authentic Brands Group announced on August 16 that ABG will be buying the British fashion retailer for an agreed price of around £211m ($254m). It will mean a major push into North America for the label.
Fashion
I Saw It First founder exits after Frasers buy, CEO stays on

I Saw It First founder exits after Frasers buy, CEO stays on

​Frasers Group may have brought Missguided founder Nitin pass back to run that business after it acquired it out of administration, but it’s not gone for continuity with another buy, that of I Saw It First.
Fashion
Ranra wins Zalando Sustainability Award at Copenhagen Fashion Week

Ranra wins Zalando Sustainability Award at Copenhagen Fashion Week

​Ranra has walked away with the fourth Zalando Sustainability Award during Copenhagen Fashion Week. Its genderless collection “focused on longevity and used exciting techniques with textiles and dyes”.
Fashion
Joules names Jonathon Brown as new CEO

Joules names Jonathon Brown as new CEO

​Lifestyle retailer Joules said it has found a new CEO to replace Nick Jones. Jonathon Brown will join on 7 September 2022 and will take over fully at the end of next month “following a short handover period”.
Fashion
HanesBrands’ sales drop 14% in Q2

HanesBrands’ sales drop 14% in Q2

Net sales of US-based HanesBrands from continuing operations were $1.51bn, a decline of 14% in the second quarter of fiscal 2022. This was caused by was driven by a ransomware attack and softer-than-expected POS trends.
Fashion
Women's fashion inflation worse than men's says Swiss report

Women's fashion inflation worse than men's says Swiss report

In Switzerland, inflation is even making its way into women's clothing stores -- a phenomenon described as "pinkflation." For several months now, many European countries have been facing significant inflation.
Fashion
France plans fashion revolution with climate-impact labels

France plans fashion revolution with climate-impact labels

Next year, France will pass a decree that will require every item of clothing sold in the country to carry a label detailing its precise climate impact.
Fashion
Primark creates customer chief role, names Michelle McEttrick to post

Primark creates customer chief role, names Michelle McEttrick to post

​Primark has named Michelle McEttrick to the new Chief Customer Officer role, “to develop the Primark brand and customer strategy as the business continues its expansion across new markets, channels and products”.
Fashion
Most US consumers reluctant to spend due to inflation, but still buying office-wear

Most US consumers reluctant to spend due to inflation, but still buying office-wear

Around four out of five consumers (80 per cent) in the US say that they are less confident about spending, while 62 per cent of them believe that the county is currently experiencing a recession.
Fashion
Fashion innovator Issey Miyake dies at 84

Fashion innovator Issey Miyake dies at 84

Japanese fashion designer Issey Miyake, whose global career spanned more than half a century, has died aged 84 of cancer, it emerged on August 9.
Fashion
Delta Apparel sees 7% growth in net sales in Q3 FY22

Delta Apparel sees 7% growth in net sales in Q3 FY22

Delta Apparel, a leading provider of core activewear and lifestyle apparel products, has announced net sales of $126.9 million in Q3. Net sales in the Delta Group segment grew 3% to $106 million.
Fashion
UK shoppers surprisingly ready to spend during heatwave, fashion stays strong

UK shoppers surprisingly ready to spend during heatwave, fashion stays strong

Hot weather drove Britons to buy summer fashion, as well as outdoor goods, in July. But they also reined-in spending on foreign travel and eating out as the cost-of-living squeeze made itself felt, two surveys show.
Fashion
Abercrombie & Fitch reveals new "getaway-inspired" store design concept

Abercrombie & Fitch reveals new "getaway-inspired" store design concept

​Abercrombie & Fitch on August 8 announced a “refreshing new store experience inspired by the brand’s intention of making every day feel as exceptional as the start of a long weekend”. 
Fashion