ANALYSISNew York – Consumers’ habits have changed dramatically since the economic recession hit a decade ago. Online shopping has become the new normal, while more and more consumers turn into savvy thrifters. The result? Second-hand apparel sales are estimated to surpass 40 billion dollars by 2022. […]

Nike Inc. has been sued for sexual discrimination by former female employees who said that women were "devalued and demeaned" at the company, passed over for promotions, paid less than their male counterparts, and ignored when they complain. The news was first reported by Bloomberg. The lawsuit, filed […]

INTERVIEW Last month, Burberry came under fire after its annual report revealed the company burned 28.6 million pounds (36.7 million US dollars) worth of unsold goods in 2017 -- a desperate measure to avoid markdowns, which would hurt the brand’s image of exclusivity. But the British luxury label is […]

Bluebella is rapidly expanding in the United States after becoming a stockist to leading retailers Revolve, Shopbop and Bloomingdale’s. The international lingerie brand made expansion in the U.S, a key priority after raising 1 million pounds in a crowd-funding drive. It appointed East and West Coast […]

Madrid - Dolores Promesas has closed the first half of its current fiscal year selling 10 percent more. The Spanish women's fashion firm is thus close to its goal of closing 2018 with circa 10 million euros in sales. Dolores Promesas has increased its sales by 10 percent in the first half of the year, […]

Sports Direct International plc has announced the acquisition of the business and assets of House of Fraser from the administrators of House of Fraser Limited, House of Fraser (Stores) Limited and James Beattie Limited, the House of Fraser group's main operating companies, for a cash consideration of […]

Sir Philip Green’s Arcadia, the parent company of Topshop and Topman has terminated its franchise agreement with its Chinese partner Shangpin. A spokesperson at Topshop Topman said in a statement: “The British fashion brands and Chinese franchise partner, Shangpin, have reached a mutual agreement to […]

UPDATE In a statement sent to Luxemburg Stock Exchange today, House of Fraser has announced that its discussions with interested investors and its main secured creditors have not concluded in a solvent solution. Therefore the directors of the group’s operating companies, House of Fraser (Stores) Limited, […]

Overproduction, over-consumption - nowhere else does wastefulness rear its ugly head as much as in the fashion industry: thanks to fast fashion, more clothing floods the market at ever cheaper prices; garments are not valued anymore and either not worn at all or worn and thrown. This leads to 2.5 billion […]

Nike, Inc’s board of directors has announced a quarterly cash dividend of 0.20 dollar per share on the company’s outstanding Class A and Class B Common Stock payable on October 1, 2018, to shareholders of record at the close of business on September 4, 2018. For its fourth quarter, Nike recorded a revenue […]

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