Financial analysts may have been all over H&M’s Q1 results Thursday but the fashion sector wanted to hear what it has planned for its brand new chain, Arket, that will debut this autumn on Regent Street
Whoever said luxury and online don’t go together well? Certainly not Matchesfashion. The boutique-turned-internet-luxury-giant has reported its results for the first time and the numbers are impressive.
Canada's Lululemon Athletica reported fourth-quarter earnings per share that fell shy of analysts' expectations. The sports brand said first-quarter comparable sales were expected to fall, on poor product assortment.
Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday.
Li & Fung Ltd, which supplies clothing to retailers around the world, on Wednesday reported a 47 percent fall in 2016 net profit and said tough conditions in the global retail industry would put pressure on its business.
One year ago, British fashion designers took a very public stand against Brexit. An estimated 90% of London-based creators aghast at the very idea of leaving Europe, as many very firmly spoke out against any such divorce. Today, they await the divorce with trepidation.
Menswear specialist Moss Bros had a good 12 months in the period to January 28, even though it faced one of the "most highly competitive" years it has seen. Sales growth slowed but profits and m-commerce accelerated.