Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
New Look has admitted last year was very difficult as it revealed bleak trading results amid external and “self-inflicted” issues. However, it said its turnaround plan is on track to deliver stability for the new year.
Rihanna has made an impact since launching her Savage X Fenty line last month with reported strong sales and she’s now announced that London will host a pop-up shop, the label’s second after New York.
Fashion giant PVH Corp on Wednesday topped sales and profit estimates and raised its earnings forecasts for the year, driven by double-digit growth in Calvin Klein and Tommy Hilfiger brands, boosted by Asia and Europe.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
Japanese intimates giant Wacoal reported a mixed set of results with sales broadly flat but operating profit up, although net profit fell. Yet investors seemed pleased as the shares rose after the announcement.
After weeks of teasing, Rihanna has unveiled her debut lingerie collection to the world.The superstar's Savage X Fenty line went live on Friday, following weeks of sneak glimpses offered up on social media.
Lanvin's new owner, Chinese conglomerate Fosun, has announced that it has finalised its acquisition of a majority stake in luxury underwear label Wolford, becoming the brand's owner with 51% of its shares.
Europe’s biggest online fashion retailer said the launch of beauty products in Germany had made a promising start and its active customer numbers jumped in the first quarter but a late start to spring hit profitability.