Uniqlo January sales prove weak on inventory issues Fast RetailingUniqlo Uniqlo The company said that same-store sales including online decreased by 7.1% year on year last month, while total sales fell by by a smaller-but-still-bad 6.3%. The retailer is frequently…
Amazon ends Covid paid leave for U.S. workers By Reuters Giant online retailer Amazon On Saturday, Amazon said it is halting site-wide notifications of positive cases in facilities, unless required by law, as well as efforts to encourage vaccination –…
Ten top trends from the winter 2022-23 womenswear shows Translated by Nicola Mira Just when some light could be glimpsed at the end of the pandemic tunnel, with physical catwalk shows making a come-back, the fashion week Peter Do, Fall/Winter…
Tough times in Australia for MySale, H1 hit by Omicron, supply issues Tough trading conditions in its core Australia market hit MySale MySale The company’s problems were two-fold as it invested in more own-label items. There was subdued demand, driven…
Mango in art-linked metaverse deep dive Mango Mango It said that “with culture as one of its brand values”, it’s entering the NFT market by launching three unique artworks co-created with crypto artist Farkas. The three pieces are currently being…
Russian shopping malls lose up to 30% of footfall By Reuters Russian shopping malls are “de-energised” and have lost up to 30% of their footfall following the exodus of Western brands, the son of one of Russia’s most prominent property…
Stradivarius enters the metaverse with a digital fashion line Translated by Roberta HERRERA The InditexZaraStradivarius Inditex’s young brand bets on digital fashion – Stradivarius Stradivarius presents its new collection entitled ‘Digital Fashion: wear the future now’ aimed at “offering an…
Fraser’s sells US-based Bobs and Eastern Mountain Sports Frasers Group said this week that it’s disposed of its US retail Eastern Mountain Sports The funds will go into the company’s general working capital pool and are likely to be a…
Privé Revaux names new GM, COO Privé Revaux on Tuesday announced the promotion of company president George Schmidt to the role of general manager, coinciding with the appointment of Maureen Cavanagh to the role of chief operating officer. Privé Reveaux The Miami,…
G-III takes full ownership of Karl Lagerfeld label Translated by Roberta HERRERA G-III ApparelSonia RykielKarl Lagerfeld A look from the ready-to-wear brand – Karl Lagerfeld The transaction is valued at $210 million (200 million euros), with G-III buying out a…
