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Adidas hikes outlook despite hit to China sales

Adidas hikes outlook despite hit to China sales

​German sports giant Adidas raised its outlook for full-year sales and profitability as demand soared in most of the world but took a hit in China where Western brands faced a boycott of their products in late March
Fashion
Hammerson H1 profit rises slightly, but footfall woes linger

Hammerson H1 profit rises slightly, but footfall woes linger

British mall operator Hammerson on Thursday reported a 14% rise in half-year profit thanks to a retail recovery following the easing of lockdowns and lower costs, but footfall is yet to rebound to pre-pandemic levels.
Fashion
Mike Ashley set to step down as Frasers CEO next year

Mike Ashley set to step down as Frasers CEO next year

Mike Ashley, British retailer Frasers' founder and biggest shareholder, will likely step down as chief executive next year and be succeeded by Michael Murray, the group's "head of elevation", it said on Thursday.
Fashion
Rihanna 'worth $1.7bn' says Forbes

Rihanna 'worth $1.7bn' says Forbes

Singer and businesswoman Rihanna is worth a whopping $1.7 billion, Forbes said Wednesday, making her one of the richest female musicians on the planet.
Fashion
UK names John Lewis and others for breaking minimum wage law

UK names John Lewis and others for breaking minimum wage law

Britain's government named almost 200 businesses on Thursday which breached minimum wage laws between 2011 and 2018, with the department store and supermarket chain the John Lewis Partnership heading the list.
Fashion
Zalando sees Q2 growth, spends more on marketing as lockdowns ease

Zalando sees Q2 growth, spends more on marketing as lockdowns ease

Shares in Zalando fell on Thursday after the German online fashion retailer said it had spent more on marketing to keep its customers shopping online as stores reopened due to the easing of coronavirus lockdowns.
Fashion
US retailer JCPenney joins sustainability programme The Jeans Redesign

US retailer JCPenney joins sustainability programme The Jeans Redesign

American retailer JCPenney has joined The Jeans Redesign to reduce its environmental impact and offer sustainable products to its customers.
Fashion
Autumn Editions of Intertextile Shanghai & Yarn Expo pushed to October

Autumn Editions of Intertextile Shanghai & Yarn Expo pushed to October

The Autumn Editions of Intertextile Shanghai Apparel Fabrics, Intertextile Shanghai Home Textiles and Yarn Expo have been postponed to October 9-11, 2021 due to the sudden rise of COVID-19 cases in China.
Fashion
Mike Ashley set to step down from CEO role at Frasers - report

Mike Ashley set to step down from CEO role at Frasers - report

Mike Ashley, the Sports Direct entrepreneur, is preparing to step back from his high-profile role as CEO of his growing retail empire. He’ll hand control to his future son-in-law Michael Murray, the Telegraph reported.
Fashion
Liu Jo sues Kendall Jenner over alleged breach of modelling contract

Liu Jo sues Kendall Jenner over alleged breach of modelling contract

Kendall Jenner is being sued by Italian fashion brand Liu Jo for allegedly breaching the terms of a modelling contract requiring her to appear for two photoshoots, according to a legal complaint filed by Liu Jo.
Fashion
Under Armour continues growth trajectory in Q2, raises guidance

Under Armour continues growth trajectory in Q2, raises guidance

Under Armour has posted a 91% revenue jump to $1.4bn for Q2 ended June 30. Considering the performance, the company has raised its FY21 revenue outlook up to a low 20s percentage rise against high teens previously.
Fashion
New Look recovery underway in Q1 after tough year

New Look recovery underway in Q1 after tough year

​Value fashion specialist New Look issued a trading update and its annual results on Tuesday and said it had made a “solid start to FY22 trading following store reopenings after [a] resilient FY21 performance”.
Fashion
Wolverine buys Sweaty Betty for almost £300m

Wolverine buys Sweaty Betty for almost £300m

​Premium activewear brand Sweaty Betty is being bought by US giant Wolverine for nearly £300. The 23-year-old London company has been a winner from the athleisure trend and this has boosted its value in recent years
Fashion
Foot Locker to buy shoe store chains WSS and Atmos for $1.1bn

Foot Locker to buy shoe store chains WSS and Atmos for $1.1bn

Foot Locker Inc will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as it looks to expand its business beyond malls and extend its reach in Asia.
Fashion
Joules sales and profits rise in latest year as e-tail booms

Joules sales and profits rise in latest year as e-tail booms

​Joules reported its annual results on Tuesday and talked of a “strong performance underpinned by continued digital growth, the strength of the Joules brand, and increasing diversification of revenue streams”.
Fashion
Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

Amazon warehouse workers overwhelmingly rejected a union. Now they may vote again

A U.S. labor board official has recommended a rerun of a landmark Amazon union election in Alabama where employees had voted against making their warehouse the online retailer’s first to organize in the United States.
Fashion