ANALYSIS Sales at fast fashion retailer Boohoo are expected to almost double this year, fuelled by renewed investment in its infrastructure and strong PrettyLittleThings’ popularity. The City expects 95 percent growth in revenues when the company reports full-year results on Wednesday, coming in at […]

ANALYSISBritish discount fashion retailer Primark keeps expanding its footprint across the Pond, with the opening of their ninth store in the U.S. around the corner. However, the affordable fashion chain has yet to find the ‘right fit’ for the North American market, highlight industry analysts. Primark […]

In the past, western economies viewed China primarily as a country of production. The fashion industry, in particular, has exported the majority of its manufacturing to China,because of its relaxed environmental and social standards, and low wages. Over the years however, China has evolved from Asia’s […]

Steve Madden’s net sales in the first quarter increased 6.2 percent to 389 million dollars, while gross margin was 36.2 percent. Adjusted gross margin in the first quarter of 2017 was 36.6 percent. Net income was 28.7 million dollars or 0.50 dollar per diluted share, compared to 20.2 million dollars […]

London - French fashion brand Zadig & Voltaire is seeking out a new minority investor to oversee its future growth, as it aims to double its sales. Thierry Gillier, the founder and chairman of the contemporary fashion label, revealed he and the brand's current 30 percent shareholder TA Associates have […]

Luxury retail leaders Sébastien Badault, International Director of the Luxury and Style line of Alibaba, Adam Pritzker Founder of Assembled Brands, and Frédéric de Narp, CEO of Bally discussed the future of luxury industry at the World Retail Congress this week. All three of the leaders agreed that […]

London - Gucci has unveiled it's latest initiative - Gucci ArtLab, a futuristic hub of industrial craftsmanship and experimental laboratory for leather goods and footwear products. Located near the historical headquarters of the company in Casellina, and active since the beginning of the year, spanning […]

London - Luxury online retailer Farfetch is launching a new technology start-up accelerator, entitled 'Dream Assembly'. The online platform has already enlisted heritage fashion house Burberry and global venture capital form 500 Startups as its first partner organizations. Dream Assembly is set to offer […]

US shoe maker Skechers said on Thursday its Q1 net profit increased 25.2 percent. Revenues increased by 16.5 percent from the same period last year. The company’s net profit for Q1 2018 was 117.7 million US dollars, up from 94 million US dollars a year earlier. Revenues increased to 1250 million US […]

“'The heart of the retail sector is not just changing, but sometimes the fundamentals no longer apply", said Ian McGarrigle, Chairman of the World Retail Congress on the level of change in today's retail market at the World Retail Congress which took place from April 17 to 19. He highlighted events […]

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