Miscellaneous
The latest news
India’s export orders 20% lower due to recession, brands’ sales down
Global recession is knocking at the doors of Indian textile industry. The impact of recession is clearly visible on new orders received by Indian exporters.
Fashion
Avery Dennison’s Q2 net sales up 11.7%
Avery Dennison Corporation, the US-based labelling and functional materials specialist, has reported that its net sales increased by 11.7 per cent to reach $2.3 billion in the second quarter.
Fashion
Seraphine faces tough year as costs surge
Maternity and nursing wear brand Seraphine's results on Monday came “against the backdrop of an extremely challenging year for the retail sector” and contained a mix of good news and bad.
Fashion
Amazon has a Prime edge over Walmart: richer customers
Amazon Inc's strong quarterly performance on Thursday offered another sign of a split in shopping patterns between more- and less-affluent Americans dealing with the highest inflation in four decades.
Fashion
Primark freezes prices of kidswear essentials
Kidswear pricing is a key selling point for big-name retailers at the moment. And Primark has said it will freeze prices of hundreds of kidswear essentials this season.
Fashion
Amazon beats quarterly sales estimates
Amazon.com Inc beat Wall Street estimates for quarterly sales on Thursday, as it raked in more fees from its Prime loyalty subscribers as well as from merchants using it services to sell and ship goods.
Fashion
As inflation soars, European consumer goods M&A slows
As a cost-of-living crisis with no end in sight sends shockwaves through Europe, deals in the region's retail and consumer-products industries have slowed dramatically - even more so than in other sectors, data shows.
Fashion
Campaigners step up efforts to prevent M&S Marble Arch demolition
M&S can expect yet more opposition to its long-running bid to demolish and rebuild its flagship Marble Arch, London, store. Heritage campaigners have begun crowdfunding to oppose the plans in an upcoming public enquiry.
Fashion
Hammerson returns to profit with footfall almost back to pre-pandemic levels
Hammerson listed three key positives in its half-year trading update on Thursday. The commercial property giant returned to pre-tax profit as footfall recovered to near pre-pandemic levels and costs fell.
Fashion
Landsec chair set to "retire", Bluewater operator seeking replacement
Landsec is on the lookout for a new chair. The vacancy arises because Cressida Hogg is set to "retire" next year from her positions of both chair and director of the property giant. She was appointed chair in 2018.
Fashion
Superdry to open at Icon Outlet at The O2
The strength of the outlets sector continues to be underlined by a raft of big-name signings and the latest is Superdry, which is to take a store at the icon Outlet at The O2 mall in Greenwich, London.
Fashion
Gilly Hicks to make Ireland debut in Belfast with third European standalone
Abercrombie & Fitch Co’s Gilly Hicks label is to set foot in Ireland for the first time with news that it has signed up for a store in Belfast’s Victoria Square.
Fashion
URW stronger in first half as Westfield owner says Q2 tenant sales beat pre-Covid levels
France-based malls giant Unibail-Rodamco-Westfield (URW) has reported “continued recovery across all business divisions” and on Thursday said that Q2 tenant sales are exceeding pre-Covid levels.
Fashion
Unbound multibrand curated platform debuts, own-brand clothing launch due in 2023
Unbound Group (best known as the owner of the Hotter footwear brand) on Thursday confirmed the initial launch of its previously flagged curated multibrand platform, as scheduled.
Fashion
Asian consumers showing interest in niche brands, second-hand products: Bluebell study
Bluebell Group’s latest 'Asia Lifestyle Consumer Profile' report revealed on Wednesday some of the most important consumer trends in the Asian market in 2022.
Fashion
Etsy sales dip in second quarter on macro headwinds
Online marketplace Etsy Inc. announced on Wednesday its gross merchandise sales for the second quarter dipped by 0.4%, as the U.S e-tailer felt the adverse effects of macro headwinds during the quarter.
Fashion