New global survey highlights unprecedented skills crisis in fashion industry — 62% of respondents struggling to fill skilled roles creating ‘war for talent’ across supply chain Big fashion retailers, brands, manufacturers and vendors face a shortage of workers with key, specialised skills, according […]

For the 28 weeks ended 11 August 2018, group revenue at Ted Baker Plc increased by 3.5 percent or 5.5 percent in constant currency to 306 million pounds (395.8 million dollars). The company said that the composite gross margin decreased to 58.3 percent, while profit before tax and exceptional items […]

EXCLUSIVEThe fashion industry is in dire need of professionals with technical skills, as universities stopped providing students with skills related to functions which are usually outsourced. Now, technologies such as 3D design, big data and artificial intelligence are widening the gap even more, because […]

Fossil Group is teaming up with Japanese watchmaker Citizen to launch a line of hybrid smartwatches -- watches that look analog but actually include a number of digital functionalities. According to the licensing deal, Citizen will manufacture and sell hybrid smartwatches featuring Fossil Group’s technology. […]

Amazon is increasing its minimum wage to 15 US dollars an hour for all full-time, part-time, temporary and seasonal employees in the United States, after a report by nonprofit organization New Food Economy exposed the e-tailer is one of the American companies with the most employees receiving SNAP benefits, […]

Group sales at Tesco Plc, for the second quarter, grew by 12.5 percent at constant exchange rates to 28.3 billion pounds (36.8 billion dollars) with like-for-like growth of 2.2 percent, while at actual exchange rates, sales grew by 12.8 percent including a 0.3 percent foreign exchange translation benefit […]

After designing residential villas and apartment complexes in the Middle East, Roberto Cavalli Group has signed a deal with Dubai’s Damac Properties to design the interiors of an international chain of five-star hotels. “We look forward to working on the first Roberto Cavalli-branded hotel”, said Gian […]

Online personal styling service Stitch Fix will soon be launching in the UK. This will be the first foray overseas for the San-Francisco based company founded in 2011. “We are pleased to announce our expansion into the UK by the end of fiscal year 2019”, said the company’s Founder and CEO, Katrina Lake, […]

German fashion brand Esprit intends to significantly reduce its staff following its recent losses. The company’s Chief Executive Officer Anders Kristiansen sent a letter to all German employees to inform them that Esprit is in a “drastic economic situation, which requires an immediate reorientation. […]

Total sales for the week to September 29, John Lewis & Partners said in a statement, were up 1.8 percent compared to the same week last year, while overall fashion sales rose 5.6 percent on last year. The company added that sales of the company-owned brand womenswear continue to be strong with sales […]

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