H&M Group’s nine-month report showed a 13% rise in net sales. But Q3 was very weak due to the Russia exit and “many other external challenges”, although September saw a recovery.
The refresh includes store renovations, new stores, enhanced customer service, new and refined product programs, as well as expansion and changes to e-commerce.
U.S. activewear brand Vuori on Wednesday said it has launched into five new markets, signalling company's global expansion after it made its international debut in late March, across Europe, Oceania and North America.
VF Corp. announced on Wednesday a new strategy to accelerate revenue growth by a compound annual growth rate of mid- to high-single digits by 2027, as it looks to expand into new categories and markets.
Shiseido Europe is set to acquire Gallinée, a brand founded in 2016 by France’s Marie Drago. The brand harnesses active probiotics to soothe, balance and strengthen skin.
Boohoo’s much anticipated interim results Wednesday showed the company is continuing to sell huge amounts of product and make profits, but it’s not the fast-fashion star it used to be and it issued a profit warning.
When Nigel Oddy joins up-for-sale Matalan on 3 October, the interim CEO will be expected to oversee an in-place growth strategy that’s already delivering results, with record revenues for fiscal 2023’s first half.
British fashion retailer River Island had good news this week with the company seeing turnover up 23.2% last year at £740 million.
Hackett has unveiled its new AW22 campaign starring brand ambassador Jenson Button. The launch coincides with it debuting a new graphic identity with a new logo “inspired by the contemporary simplicity of elegant men”.
U.S. second-hand startup Gently announced on Monday it has successfully raised $2 million, in a pre-seed funding round composed of more than 20 angel investors and venture capitalists.
Amazon.com Inc on Sunday announced an expected sale for its loyalty-club shoppers, an event like its Prime Day that aims to boost holiday revenue and appeal to cost-conscious buyers facing economic turbulence.
Leather and luxury goods producer Pittards said Monday it has maintained positive trading momentum for the six months to 30 June. That means continued growth in revenue and profitability and a stable order book.
Rewards programmes are not exclusively reserved for mainstream retail. Luxury retailer Harrods has launched ‘MyBeauty from Harrods Rewards’, a specifically curated programme for its beauty customers.
Boohoo has reportedly cancelled and postponed orders that were due from a number of suppliers as sales continue to be affected by consumer caution and rising prices due to soaring supply chain costs.
Upscale hosiery and intimates specialist Wolford has said that its latest half year “met sales expectations” but that “conditions remain difficult, both geopolitically and economically”.
