Wray opens first brick-and-mortar store in New York By Fibre2Fashion Wray, a Latinx-owned sustainable luxury fashion brand, has announced the opening of its first brick-and-mortar store in New York City as it continues to raise its first round of investment.…
Shopify launches new subscription product to lure big retail clients By Reuters Shopify Reuters The company said it had signed up toymaker MattelGlossierCotySteve Madden Shopify, which helps businesses set up their online store and website for a subscription fee, will…
Mohamed Kassem (Destination Africa) on the impact of the pandemic and the textile industry in Eygypt After organizing its last physical edition in 2019, shortly before the pandemic, the professional textile trade show Destination Africa was held once again in…
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…
