Victoria’s Secret earnings slashed on increased promotional activity, sales dive 5% Victoria’s Secret & Co. announced on Wednesday first-quarter revenues fell 5% to $1.407 billion, as the lingerie giant blamed a volatile macro environment and increased promotional activity, which also hit margins.…
Frasers Group signs deal to acquire Germany’s SportScheck Frasers Group continues to make acquisitions and it hasn’t only got it sights set on the UK. On Tuesday the company announced that it entered into a binding agreement with Signa Retail…
Fashion group Shandong Ruyi’s creditors take full control of Lycra By Reuters U.S. fiber maker LycraShandong Ruyi Ruyi bought control of Lycra from U.S. conglomerate Koch Industries for $2.6 billion in 2019, borrowing about $1 billion for the deal –…
Zara owner Inditex’s suppliers to buy 2,000 tons of fibre recycled from cotton waste By Reuters API ZaraInditex Renewcell is one of the world’s first commercial-scale textile-to-textile recycling factories that helps clothing retailers replace virgin fibres with recycled textiles. It…
Blake Lively can’t get enough of her Uggs. On Thursday, the original Gossip Girl stepped out in a pair of chestnut platform mules from the brand’s collaboration with Opening Ceremony. The shearling-lined shoes are an elevated version of Uggs’ classic…
Sports Illustrated cover model Martha Stewart is keeping those famous thirst traps coming. On October 12, the 82-year-old icon attended the Hudson River Park Friends 25th Anniversary Gala in New York City wearing a sparkling custom silver Andrew Yu shift…
Kohl’s names Nick Jones chief merchandising and digital officer Kohl’s Kohl’s names Nick Jones as chief merchandising and digital officer. – Kohl’s In this role, effective in March, Jones will be responsible for Kohl’s overall merchandise strategy and all merchandising…
Zara owner Inditex invests in US polyester recycling start-up By Reuters API ZaraInditex Zara Athleticz x Ambercycle – Zara As fast-fashion retailers face pressure to reduce waste and use recycled fabrics, Inditex will invest 70 million euros in Ambercycle’s which…
Guillem Gallego joins New Guards Group’s marketing team Translated by Roberta HERRERA Guillem Gallego has swapped Barcelona for Milan. The executive, a marketing specialist and the mastermind behind the renewal of Desigual Former Desigual marketing director Guillem Gallego joins New…
If there’s ever been a comeback for the books, it’s Abercrombie & Fitch’s. Over the past couple of years, they transformed their dark, loud, smells-so-strong-you’ll-get-a-headache stores into ones that are completely unrecognizable—and the same goes for their clothes. Every time…
