Sales, profits rise at H&M, but pandemic and Ukraine conflict crimp growth H&M H&M Group Nonetheless, the second-largest fashion retailer globally swung to a profit before tax of SEK 282 million (€27m/£23m/$30m) after making a loss of SEK1.39 billion a…
VF Corp names Nicole Otto global brand president of The North Face VF Corp announced on Tuesday the appointment of Nicole OttoThe North Face The Denver, Colorado-based VF Corp, which also operates brands VansTimberlandDickies Nicole Otto has been names global…
Next shines at Christmas as sales beat expectations Next Next As a result, it increased its full-year pre-tax profit guidance by an extra £22 million to £822 million. That’s up almost 10% versus two years ago. Full-price sales for the…
UK’s Alchemie Technology launches new finishing process for 85% cost reduction Cambridge-based Alchemie Technology has come up with what it says is a “breakthrough textile finishing solution [that] reduces energy costs”. Alchemie Technology Called Novara, the company claims European manufacturers…
THG has strong Q4 as Beauty and Ingenuity units soar, but margin forecast disappoints THG’s Q4 trading update on Tuesday showed that the group’s shares may have been under heavy pressure in recent months but its sales continue to soar.…
Ebay appoints Vidmay Naini as general manager for global emerging markets Global e-commerce player Ebay has appointed Vidmay Naini as the general manager for its global emerging markets. Ebay appoints Vidmay Naini as general manager for global emerging markets –…
Twitter’s French luxury director Patrick Calmels on the platform’s fashion and luxury upsurge Translated by Roberta HERRERA While owner of Tesla, billionaire Elon Musk, has announced his intention to buy TwitterFashionNetwork.com Patrick Calmels – Twitter FashionNetwork.com: What is the luxury…
Under Armour flags hit to margins, supplies due to COVID-19 disruptions By Reuters Under ArmourShares fell 8.1% to $18.40 as the company flagged reductions to its spring and summer order book due to supply constraints. Photo: Under Armour Product availability…
RYU to close NYC, Toronto stores; focus on digital business Vancouver-based athletic apparel brand RYU Apparel Inc. announced on Friday that it will shift focus to its digital ecommerce RYU to close NYC, Toronto stores, focus on digital business. –…
Havaianas sells 260 million pairs of shoes in 2021 Translated by Nicola Mira In 2021, Brazilian footwear brand Havaianas Flip-flops by Havaianas – Havaianas Outside the Brazilian market, Havaianas’s sales were worth BRL1.24 billion, up by 41.5% over 2020. In…
