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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
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
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
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
M&S named official tailor of England football teams

M&S named official tailor of England football teams

UK’s Marks & Spencer (M&S) has announced that it is the official tailor to the England senior men’s and football teams and the cup-winning women's team.
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
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