Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year.
Hugo Boss has extended its Boss Kidswear license deal with the France-based CWF Group to take in the Hugo Brand. It means a Hugo Kids collection developed for boys and girls aged 4-16, but with a focus on teenagers.
As retailers battle to attract consumer attention at a time when said consumers are reining-in their spending, it seems that shipping subscriptions could be key to unlocking their purses. For marketplaces, at least.
Fashion retailer In The Style Group has said revenue in the year to the end of March rose strongly, while gross profit was also up, but it made a net loss during the year and it warned of tough conditions out there.
Frasers Group is never far away from mulling an acquisition, or at least heading the media rumour mill in one. So Monday brought news the UK group may be making a play for online fast-fashion retailer I Saw It First.
Jigsaw has joined the ever-growing list of fashion brands taking the rental and resale route to improving sales/profits/sustainable visibility, launching ‘Jigsaw Forever’ in partnership with luxury platform My Wardrobe.