Shein commits $50 million to address textile waste Shein Themulti-year EPR Fund agreement will see the Chinese fast-fashion companydedicate$50 millionover the next five years. – Shein The multi-year EPR Fund agreement will see the Chinese fast-fashion company dedicate $50 million over the next five…
Gildan commits to low carbon future, sustainable materials Gildan Activewear Gildan commits to low carbon future, sustainable materials. – Facebook: Gildan The aim of the new strategy is to tackle global environmental and social priorities to improve the lives of…
Farm Rio returns to Los Angeles with Venice Beach location Brazil’s Farm Rio is returning to Los Angeles with the opening of a standalone store at the city’s Venice Beach on Saturday. Outside the new Farm Rio store in Venice…
Kohl’s shares surge on takeover interest from Sycamore, Acacia By Reuters Kohl’s Reuters A source said on Sunday Sycamore was willing to pay at least $65 per share, implying a 39% premium to the last closing price. Starboard Value-backed Acacia…
U.S. retailers slash clothing prices as shoppers cut purchases By Reuters Inflation-weary U.S. shoppers have been skimping on clothing purchases, prompting retailers to slash prices to clear inventory off the racks. Victoria’s Secret Spring/ Summer 2022 GapTarget Gap is “taking…
Savage X Fenty considers IPO, valuation could be $3bn Rihanna The singer-turned-fashion-entrepreneur and her Savage X Fenty team areworking with banks includingGoldman Sachs andMorgan Stanley, said the people – Savage X Fenty The singer-turned-fashion-entrepreneur and her Savage X Fenty team…
Inditex powered ahead in 2021, new year starts well ZaraInditex Zara The period saw most of its more-than-6,600 stores globally able to operate from the middle of 2021 and that helped sales surge 36% year-on-year to €27.7 billion. That figure…
Stradivarius enters the metaverse with a digital fashion line Translated by Roberta HERRERA The InditexZaraStradivarius Inditex’s young brand bets on digital fashion – Stradivarius Stradivarius presents its new collection entitled ‘Digital Fashion: wear the future now’ aimed at “offering an…
Jeanologia reports 55% revenue growth in 2021, profit hits €16 million Translated by Roberta HERRERA Jeanologia Jeanologia posted 55% growth in 2021 and recorded a profit of €16 million – Archivo In addition, the company recorded a profit of close…
Target sees brighter 2022 with easing supply pressures U.S. retailer Target Target expects low- to mid-single digit revenue growth in fiscal 2022 – Reuters Margins remain front and center for investors this earnings season, with big retailers spending heavily to…
