Italian luxury goods maker Prada said on Wednesday its H1 net income for 2018 rose 11 percent to 106 million euros. Revenues increased 9 percent at constant FX or 3 percent at current FX from the same period last year to 1.5 billion euros. Hover over the graph to learn more. Prada Spa was founded in […]

ANALYSIS British fashion retailer House of Fraser has seen its future compromised after Chinese investment firm C.Banner walked away from a rescue deal that included acquiring a majority stake in the apparel chain as well as a 70 million pounds cash injection. C.Banner was thought to have planned to […]

HanesBrands said on Wednesday its Q2 net profit for 2018 fell by 18.5 percent, while revenues increased by 4.2 percent from the same period last year. For the first six months, the company's net income declined 9.5 percent to 220 million dollars), while net sales increased 5.3 percent to 3,186.9 million […]

The global swimwear market is expected to reach 28,148 million US dollars by 2024, a compound annual growth rate (CAGR) of 6.2 percent from 2018 to 2024, according to a new report from Allied Market Research. The report reveals that growth of the global swimwear market is primarily being driven by product […]

Consumers care more and more about the environment, according to Jan Agelink, one of the founders of Dutch trendwatching firm Buro Jantrendman. He presented a lecture titled “Style goes outdoor” at Dutch fashion trade fair Modefabriek last month. According to Agelink, not only are today’s consumers […]

Yours Clothing, the UK’s fastest growing -size fashion retailer, has announced that it is investing more than 4 million pounds in a new bigger headquarter in Peterborough to “fuel growth plans”. In a statement, Yours Clothing confirmed that it has purchased a new 142,000 square foot UK headquarters […]

Denim apparel giant Levi’s has announced a set of ambitious targets to reduce carbon emissions across its owned-and-operated facilities and global supply chain by 2025 in a new climate action strategy. What it is calling “aggressive targets” in a press statement, the climate action strategy is aimed […]

London-based retail start-up Virtualstock, which provides cloud-based inventory solutions for six of the top 10 UK retailers, has completed an Enterprise Investment Scheme (EIS) fundraising round of 3.42 million pounds, and appointed René Schuster as chairman with immediate effect. The Enterprise Investment […]

In the second quarter of 2018, consolidated sales at SMCP, the parent company of Sandro, Maje and Claudie Pierlot reached 241.3 million euros (281.7 million dollars), up 15.2 percent at constant currency. The company said, reported sales rose 12.9 percent, including a negative currency impact of 2.3 […]

Full price sales for the first half, Next Plc said, were up 4.5 percent on last year, while sales in the company’s online business were up 15.5 percent, driven by the growth in overseas and third party brands business, along with more modest growth in sales of Next branded stock in the UK. Sales in […]

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