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Uniqlo's sister brand GU to open first Western store via US pop-up

Uniqlo's sister brand GU to open first Western store via US pop-up

Fast Retailing’s brand GU is targeting international growth and will open its first US store this fall. The company said it will debut in Soho, New York, and this “marks the first time the brand launches in the West”.
Fashion
Rocky Brands reports $162m net sales in Q2

Rocky Brands reports $162m net sales in Q2

Rocky Brands' Q2 saw net sales up 23.1% to $162 million in Q2 2022 compared with $131.6 million in Q2 2021. Wholesale for Q2 increased 29.7% to $131.2m.
Fashion
Finland’s Marimekko to launch marketplace for second-hand goods

Finland’s Marimekko to launch marketplace for second-hand goods

Finnish lifestyle design company Marimekko is planning to launch a community-driven marketplace for its vintage and second-hand goods, Marimekko Pre-loved, on August 25.
Fashion
Adidas posts 28% decline in Q2 operating profit despite sales increase

Adidas posts 28% decline in Q2 operating profit despite sales increase

​Adidas on August 4 said operating profit fell by 28% in Q2 to €392 million, as results suffered from it suspending business in Russia, higher supply chain costs and COVID-19 lockdowns in China and Vietnam.
Fashion
UK retailer Next lifts outlook on strong clothing demand

UK retailer Next lifts outlook on strong clothing demand

​Retailer Next, a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected trade.
Fashion
Zalando EBIT drops, but firm is upbeat as it adapts to current conditions

Zalando EBIT drops, but firm is upbeat as it adapts to current conditions

​After some disappointment in June as it downgraded guidance, on August 4 Zalando had better news. It “expects improved profitability and a return to growth in the second half”.
Fashion
Eurozone retail sales drop more than expected in June as prices rise

Eurozone retail sales drop more than expected in June as prices rise

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
Russians flock to H&M as fashion retailer opens stores to sell inventory

Russians flock to H&M as fashion retailer opens stores to sell inventory

A long queue of Russians snaked through a Moscow shopping centre on Tuesday, waiting to get into H&M as the fashion retailer flung open its doors for a final time to sell inventory before making a full exit from Russia.
Fashion
Polish clothing retailer LPP launches logistics business

Polish clothing retailer LPP launches logistics business

Polish apparel company LPP has launched a new business to manage the retailer's logistics network, starting in August, the company said on Tuesday.
Fashion
Pittards acquires luxury bag label Hill & Friends, Emma Hill to be consultant

Pittards acquires luxury bag label Hill & Friends, Emma Hill to be consultant

​Leather materials and leathergoods specialist Pittards has acquired the brand and assets of Hill & Friends Limited, the contemporary luxury bag brand founded by Emma Hill and Georgia Fendley.
Fashion
JD Sports confirms Al-Futtaim's Schultz as CEO

JD Sports confirms Al-Futtaim's Schultz as CEO

​JD Sports Fashion on Tuesday confirmed that Régis Schultz has been appointed as its new CEO “following an extensive executive global search process” and after speculation last week that he would be named to the post.
Fashion
SMCP hits first-half sales record as Europe and America prove buoyant

SMCP hits first-half sales record as Europe and America prove buoyant

​SMCP unveiled an all-time H1 sales record with its results on the first day of August, driven by “strong momentum in Europe and Americas”, something other premium and luxury firms have also talked of.
Fashion
JD Sports ends long-running Footasylum saga, sells to Germany's Aurelius

JD Sports ends long-running Footasylum saga, sells to Germany's Aurelius

​JD Sports Fashion confirmed on Monday that it has exchanged contracts to sell Footasylum Limited and its associated subsidiaries to private equity firm Aurelius Group for £37.5 million.
Fashion
Showroomprivé sales drop significantly in the first half of the year, but posts slight profit

Showroomprivé sales drop significantly in the first half of the year, but posts slight profit

Sales of the e-commerce clearance site Showroomprivé fell by more than 21% in the first half of 2022 to €305.4 million.
Fashion
How the other half lives: luxury companies thrive

How the other half lives: luxury companies thrive

While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed.
Fashion
Primark freezes prices of kidswear essentials

Primark freezes prices of kidswear essentials

​Kidswear pricing is a key selling point for big-name retailers at the moment. And Primark has said it will freeze prices of hundreds of kidswear essentials this season.
Fashion