Maje launches ‘Seconde Main’ resale service Translated by Nicola Mira MajeJudith MilgromSMCPSandroClaudie Pierlot With Seconde Main, Maje is making its first foray in the circular economy – Maje The affordable luxury label is giving its community the opportunity of selling…
Zalando, Amazon, Inditex lead in European cross-border fashion e-tail Translated by Nicola Mira The European online fashion market is expected to grow by 50% by 2025, from €119 billion in 2021 to €175 billion in 2025. As a result, the…
Reiss upbeat as sales and profits boom PremiumReiss Reiss And while it didn’t given an update for the past few weeks (in which there have been reports of fashion sales in general weakening), it did say that in the 26…
ASOS reportedly delays orders on fears of autumn downturn Balancing supply with demand could become a critical factor in the months ahead as the UK economy struggles. And online fashion retail giant ASOS is said to be delaying some autumn…
Uniqlo monthly sales look buoyant again Uniqlo Uniqlo It said that August same-store sales, including online, increased by 14.9% year on year while total sales rose an even stronger 18.4%. Customer number and the average purchase per customer were also…
H&M’s Q2 sales beat expectations as it enjoys double-digit rise H&M H&M They reached SEK54.5 billion (€5.12bn), which was higher than the roughly SEK52.8 billion analysts had forecast. Frustratingly, the company — as usual — didn’t issue any commentary with…
Thinking Mu recruits David Meire as board member, targets €20 million by 2024 Translated by Roberta HERRERA Thinking Mu was founded as a sustainable fashion brand, a groundbreaking concept for the time period, by Pepe Facade of Thinking Mu’s store…
Social commerce platform Flip announces $60 million Series B funding Social e-commerce platform Flip Social commerce platform Flip announces $60 million Series B funding. – Flip The funding round was led by WestCap with participation from previous investors Mubadala Capital…
J.C. Penney to hire over 20,000 workers this holiday season J.C. Penney said on Thursday it would hire more than 20,000 team members this holiday season. JC Penney to hire over 20,000 workers this holiday season. – JC Penney The…
Supreme opens first Chicago store Cult Supreme opens first Chicago store – Supreme Located at 1438 N. Milwaukee Avenue in the Wicker Park neighborhood, shoppers will find the brand’s ready-to-wear and accessories collections. In particular, along the perimeter of the…
