LVMH-owned luxury marketplace 24 Sèvres has renamed itself 24S to capitalize on the strong international growth it’s been seeing in recent times. Additionally, its website, now redirected to 24S.com, will soon be available in more languages thanks to new staff members hired in New York, Miami and Hong […]

The Lycra Company is opening a new research and development laboratory in Nanhai, China, today. Named ‘Advanced Textile Innovation Center’ (ATIC), it is the company’s fourth facility of this kind. The goal is to integrate science with apparel market research in order to help Asian mills, brands and […]

A proposal to ban the sale of fur in New York has pitted animal rights advocates against an unexpected alliance of local industry figures and minority groups who say wearing fur is an important cultural marker. Separated by police, hundreds of protesters on both sides of the debate squared off outside […]

Announcing preliminary results for the 52 weeks ended March 30, 2019, Burberry Group Plc said, revenue excluding beauty wholesale increased by 2 percent CER and 2 percent reported to 2,720 million pounds (3,492 million dollars). Total revenue of 2,720 million pounds was down 1 percent CER and flat reported. […]

The Children’s Place, Inc., for its first quarter ended May 4, 2019 said net sales decreased 5.5 percent to 412.4 million dollars as a result of a comparable retail sales decrease of 4.6 percent. Net income for the quarter was 4.5 million dollars or 28 cents per diluted share compared to 31.5 million […]

Dillard’s reported net income for the 13 weeks ended May 4, 2019 of 78.6 million dollars or 2.99 dollars per share compared to 80.5 million dollars or 2.89 dollars per share, for the prior year first quarter. The company said, net sales for the quarter were 1.465 billion dollars compared to 1.458 billion […]

Farfetch Limited, for its first quarter ended March 31, 2019 reported increase in gross merchandise value (GMV) by 126.6 million dollars to 419.3 million dollars, representing year-over-year growth of 43.2 percent. Platform GMV increased by 126.1 million dollars to 414.7 million dollars, up 43.7 percent. […]

In April, a Milan court granted ailing Italian luxury fashion brand Roberto Cavalli creditor protection with up to 120 days to present a turnaround plan. At the end of March, The Art Style Corp, the business that operates Cavalli's North American operations, filed for bankruptcy, locally known as […]

Fast Retailing, the parent company of Uniqlo, GU, Theory and J Brand, announced that the accounts of customers on their Uniqlo Japan and GU Japan online were accessed by hackers. The company broke the news on their website via a press release. At present, Fast Retailing has determined that a total of […]

Luxury has an eco-friendly problem when it comes to the burning and destruction of unsold golds. Rather than make it part of the circular economy or send it to an outlet store, they often burn unsold inventory. Burberry found themselves in hot water over this a few years ago, and has since changed their […]

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