Inventory clearance specialist Noz buys at auction most of Camaïeu’s stock Translated by Nicola Mira A ready-to-wear giant’s bankruptcy means business opportunities for other players. After French fashion retailer Camaïeu went into liquidation, following a ruling by the Lille trade…
Under Armour cuts forecasts on weak demand, higher discounts By Reuters Under Armour Under Armour forecast fiscal 2023 net sales to rise in low single-digit percentage, compared with its earlier outlook of a 5% to 7% increase – Facebook: Under…
Amazon pauses work on six new U.S. office buildings to weigh hybrid work needs By Reuters API Amazon Reuters The pausing and delay of construction will not affect Amazon’s hiring plans, a company spokesperson said, reiterating the firm’s proposal to…
Rent the Runway to cut workforce despite improving profits Rent the Runway Jason Wu – Spring-Summer2023 – Womenswear – New York – © PixelFormula The New York-based company said its second-quarter revenue totalled $76.5 million, a 64% increase year-over-year from $46.7…
US to retain top position in denim jeans market, but growth to slow By Fibre2Fashion The US will hold on to its leading position in the global denim jeans market, but its annual growth will be lower than the global…
Pepco’s expansion and pricing ensures continued revenue success in Q3 Its key pillars “bigger, better, simpler and cheaper” appear to be winners for pan-European variety budget retailer Pepco Group with group sales rising “strongly” in its third quarter. Photo: Sandra…
Six top Italian fashion groups form Re.Crea consortium to manage products’ end-of-life Translated by Nicola Mira Six top Italian luxury groups have joined forces to tackle the problem of the end-of-life stage in fashion products. Dolce & GabbanaMax MaraMonclerPradaErmenegildo Zegna …
Lee Jeans and The Hundreds launch second capsule collection Lee Lee Jeans and The Hundreds launch second capsule collection. – Lee Jeans The new unisex Lee x The Hundreds capsule celebrates the heritage between the two brands, and offers a…
NYC Alliance and ABG partner on Frye, Tretorn collections Authentic Brands GroupFryeTretorn, which will make its debut at leading U.S. retailers in spring 2023. NYC Alliance and ABG partner on Frye, Tretorn collections. – Frye As part of the terms…
Softbank exits THG stake, founder and QIA buy its holding The direct link between Japan’s Softbank and THG has ended with the Japanese group agreeing to sell its entire holding in the British e-tail-to-tech firm. THG That adds up to…
