Primark remained the star brand in owner ABF's portfolio in the Christmas trading period, despite some tough times in Europe early in the season. It was helped by UK strength and a European recovery after a weak October.
The US subsidiary of Italian cosmetics company Kiko filed for Chapter 11 bankruptcy last Thursday, and will be closing almost all of its remaining stores. The brand has blamed weak sales for its recent struggles.
Britain meets Japan in the latest fashion collaboration as heritage-to-fashion footwear brand Dr. Martens is launching a footwear and clothing collaboration with Japanese streetwear label A Bathing Ape (Bape).
Uniqlo has just announced that it will this year open in giant rival H&M’s backyard with a debut in Sweden. It will actually be its first entry in the Nordics region and will start with a store in key market Stockholm.
German e-tailer Zalando is to push ahead with its strategy of investing to gain market share in 2018 and reported preliminary Q4 sales growth in line with expectations, despite a tough clothing market in early autumn.
Tommy Hilfiger, IBM and The Fashion Institute of Technology have teamed up for an Artificial Intelligence pilot project. The project called ‘Reimagine Retail’ will have AI play the lead in the design creation process.