​Some suppliers of online fashion retail giant ASOS are pulling back from supplying the company with goods following the withdrawal of credit insurance for the firm, according to a newspaper report on Wednesday.

The marketing and communication group, consisting of Bureau Betak, Bureau Future, K2, Karla Otto, Lefty, Prodject and The Qode, has announced the arrival of new shareholders and the departure of Cathay Capital.

Zara owner Inditex on Wednesday posted a 54% rise in first-quarter profit as sales kept pace after a strong 2022, when it outperformed other retailers during a cost of living crisis.

​Safilo is having a busy week with the Italian eyewear giant having announced a new deal with Etro and the early renewal of its longstanding Kate Spade agreement

​With Weekday now being H&M Group’s key youth-focused brand, it’s interesting that the Swedish fashion retail giant has announced a new digital link-up with The Fabricant for the label.

​Eyewear giant Marcolin has unveiled a new editorial project with the launch of its own online lifestyle brand magazine, called ‘Marcolin Stories’. 

Fashion retailer Rue21 announced on Tuesday the appointment of Karlyn Mattson to the role of EVP, chief customer officer.

G-III Apparel announced on Tuesday sales for the first quarter fell 11.9% to $606.6 million, coinciding with a dive in net earning for the three months. The firm also revealed a new licensing deal with the Halston brand.

The sock company closed 2022 with sales of 6.4 million euros. This year, Jimmy Lion plans to strengthen its presence in key markets such as Europe, the United States, and Canada, while expanding its product offerings.

Stocking shelves, slashing prices on low-priced notebooks and sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are bracing for a challenging back-to-school shopping season.  

Online personalized styling service firm Stitch Fix said on Tuesday it would explore exiting the UK market in its fiscal year 2024, blaming a weakening macro environment and increasing costs.

Canadian fashion retailer Reitmans announced on Tuesday the appointment of Andrea Limbardi as president and chief executive officer, marking the company's first non-family member CEO. 

Prada and Ermenegildo Zegna on Tuesday said they have acquired a minority stake in Luigi Fedeli e Figlio, highlighting the importance of high-quality knitwear in the luxury segment.

International value fashion retail giant Primark announced on Tuesday the opening of a new store at Arundel Mills in Hanover, Maryland, marking the first Primark store in the state.

​Businesses that are members of the Confederation of British Industry, one of the main UK lobby groups, voted that they had confidence in reforms aimed at restoring the CBI's reputation after sexual assault allegations.

​Struggling e-tailer N Brown will have been hoping that better results in the fourth quarter could boost its full-year numbers after Q3 had seen revenues falling in the face of the cost-of-living crisis.