US researchers identify challenges for adaptive clothing customers By Fibre2Fashion US’ University of Missouri researchers have identified two main challenges for adaptive clothing consumers. The study involved mining online reviews to understand the perspectives of adaptive clothing customers. Customers said…
PVH heads into the red despite better-than-expected Q3 sales PVHCalvin KleinTommy Hilfiger Calvin Klein The New York City-based company said revenue for the third quarter decreased 2% to $2.281 billion compared to the prior year period (up 7% on a constant currency…
El Corte Inglés achieved over 1 billion euros of Ebitda in 2022, driven by fashion sales Translated by Roberta HERRERA El Corte Inglés recorded an operating profit or EBITDA of 1.1 billion euros in the 2022-2023 fiscal year, exceeding pre-pandemic…
Adidas reshuffles its executive board By DPA Translated by Cassidy STEPHENS Europe’s largest sporting goods manufacturer AdidasBjörn Gulden, who moved from competitor Puma Adidas Weeks ago, Gulden had already had to issue a profit warning because of the loss of…
CWF: Arkéa Capital, Raise and Dzeta Group inject 140 million in capital Translated by Cassidy STEPHENS Following the arrival of Alain Pourcelot (ex-AdidasChildren Worldwide Fashion CWF – DR According to a press release from Arkéa Capital, this refinancing will allow…
Rocky Brands names new CFO Rocky Brands announced on Monday the appointment of Sarah O’Connor to the role of senior vice president, chief financial officer and treasurer, effective mid-March. Durango Boot A corporate finance veteran, O’Connor brings more than 15…
Karl Lagerfeld launches digital-oriented denim line aimed at Gen Z Translated by Nicola Mira Spring/Summer 2023 will mark the debut of the Karl Lagerfeld Karl Lagerfeld Jeans The line’s aesthetic has a street-style feel, with distinctive details like K-shaped stitching,…
Shopify launches new subscription product to lure big retail clients By Reuters Shopify Reuters The company said it had signed up toymaker MattelGlossierCotySteve Madden Shopify, which helps businesses set up their online store and website for a subscription fee, will…
Stitch Fix CEO departs, cuts workforce by 20% Stitch Fix Elizabeth Spaulding – Courtesy The San Francisco-based company said Spaulding will be replaced in interim by founder and former chief executive officer, Katrina Lake, until her successor is appointed. “Stitch Fix…
Superdry sales disappoint, considers further fundraising and cost-cut actions Superdry Superdry Sales are growing but more slowly than hoped for, it has withdrawn its profit guidance, and it’s considering raising funds via an equity issue. The company said retail sales…
