SMCP doubles net income in 2022, results driven by Europe, North America Translated by Nicola Mira The SMCPSandroMajeClaudie PierlotFursac SMCP’s labels experienced strong growth in France in 2022 – Claudie Pierlot The group’s net profit in January-December 2022 amounted to…
U.S. retailers’ ocean shipping price woes ending, but new delays threaten By Reuters Collapsing ocean shipping rates could seem to be good news for U.S. retailers, but they are now bracing for delays as some carriers try to prop up…
Amazon to cut 18,000 jobs as layoffs expand in tech sector By Reuters AmazonAndy Jassy Reuters The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human resources organizations, he said. The cuts…
Shein in talks to raise funds at lower valuation of $64 bln: report By Reuters API Fashion Chinese fashion retailer Shein The latest valuation would be nearly 36% less than the $100 billion the company was reportedly valued at in…
Esprit to relaunch in the US, opens global headquarters in NYC Esprit Esprit to relaunch in the US, opens global headquarters in NYC. – Esprit The relaunch set for mid-2023 includes a focus on modernizing the brand’s heritage and values for…
Mango publishes list of tier 3 fabric and fittings suppliers Translated by Roberta HERRERA The Catalan fashion company is committed to transparency in its supply chain. After having released over the last two years the list of its tier 1…
Levi Strauss holiday sales set to fall as shoppers move away from denim By Reuters API Levi Strauss & Co Levi’s “While macro pressures have not impacted all apparel categories equally, denim has been a category feeling the brunt of…
Otrura, the complicatedly simple brand that combines traditional and digital craftsmanship Translated by Roberta HERRERA Sergio de Lázaro, who previously worked at Hermès, and Verónica Abián, a branding consultant, shared a common drive: to create something “that would add value”…
Marriott’s Linnartz is new president and CEO of Under Armour American sports giant Under Armour Stephanie Linnartz – Under Armour It’s an interesting appointment given that she doesn’t come from the sports, fashion or retail sector. In fact, she’s currently…
Texworld Evolution show to relocate to Porte de Versailles exhibition centre in Paris Translated by Nicola Mira Due to the renovation work to prepare the Le Bourgetto hold its July 2023 edition at the Porte de Versailles exhibition centre in…
