Global Fashion Group, the online fashion and lifestyle destination targeting growth markets, has delivered net merchandise value (NMV) of €792.1m in the second quarter of 2022, up by 11.8 per cent year-on-year.
Wolverine Worldwide posted revenue of $713.6 million in the second quarter for growth of 12.9 per cent versus the prior year. Excluding Sweaty Betty, revenue was $666.2 million, a record for the period.
The UK has launched the Developing Countries Trading Scheme to extend tariff cuts to hundreds of more products exported from developing countries, going further than the EU's Generalised Scheme of Preferences.
Net sales of US-based HanesBrands from continuing operations were $1.51bn, a decline of 14% in the second quarter of fiscal 2022. This was caused by was driven by a ransomware attack and softer-than-expected POS trends.
Growth in Bangladesh's garment exports could drop to 15% this year after an unusually strong expansion of more than 30% in 2021, two industry leaders told Reuters, as US and European customers grapple with inflation.
The import of textiles and apparel by the US continues to grow fast, rising by 30.97 per cent to $66.308 billion in the first six months of 2022, compared to $50.626 billion in the same period of 2021.
India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall that has a starting auction price of $366 million, according to two sources and a public notice seen by Reuters.
Germany-based Hugo Boss on August 3 confirmed earlier preliminary figures, saying currency-adjusted Group sales increased 34 per cent in the second quarter (Q2) of fiscal 2022 (FY22) compared to the prior-year period.
Puma will discuss solutions for fashion's most pressing sustainability challenges such as waste, materials and climate change at a global event on September 6. Ahead of this, it launched the platform PUMACOP.