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Aeffe closes 2022 with revenue of €352 million, up 8.4%

Aeffe closes 2022 with revenue of €352 million, up 8.4%

In 2022, fashion group Aeffe, owner of Alberta Ferretti and Moschino, grew in all regions except the Far East, with Italy up 17% and the rest of Europe by 59.3%, thanks especially to its direct retail performance.
Fashion
H&M's profit tumbles more than expected as costs bite

H&M's profit tumbles more than expected as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
Poundland to expand further in UK, increase Pep&Co presence

Poundland to expand further in UK, increase Pep&Co presence

​Pepco’s budget chain Poundland is continuing to invest heavily in its stores this year with the creation of hundreds of new jobs and opening/relocation plans that will also see expansion for the Pep&Co clothing line.
Fashion
ASOS names key finance exec to team

ASOS names key finance exec to team

ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Fashion
Mixed news from Superdry as Christmas is strong but wholesale lag dents profits

Mixed news from Superdry as Christmas is strong but wholesale lag dents profits

​Superdry reported “strong” Christmas trading on Friday and generally rising sales, but it scaled backs its profit forecast to "breakeven" and stayed cautious on its outlook for the rest of the year. 
Fashion
Prada launches ninth exclusive timecapsule NFT

Prada launches ninth exclusive timecapsule NFT

On February 2, Prada drops its ninth limited-edition 'Timecapsule Collection' paired with a corresponding gifted NFT.
Fashion
Abrand Jeans launches first-ever global 'Next Icons Model Search'

Abrand Jeans launches first-ever global 'Next Icons Model Search'

Contemporary denim brand Abrand Jeans has launched its first-ever global 'Next Icons Model Search' giving fans a chance to be the next face of Abrand Jeans. 
Fashion
Pacsun reshuffles leadership, names new co-CEOs

Pacsun reshuffles leadership, names new co-CEOs

As part of the transition, effective March 9, 2023, Brie Olson, Pacsun president and board member, will be appointed co-chief executive officer, alongside co-CEO Mike Relich. 
Fashion
Harvey Nichols is latest big name to say no thanks to fur

Harvey Nichols is latest big name to say no thanks to fur

​Harvey Nichols has become the latest key fashion vendor to say it will go fur-free, joining other stores and brands that have made the move as campaign groups continue working to drive fur out of the fashion industry.
Fashion
After the sales come the returns, and fashion tops list of most likely items

After the sales come the returns, and fashion tops list of most likely items

Returns season is upon us, and it’s going to be a particularly busy period, especially for the fashion and beauty sectors, a survey says. Gifts worth £232 million will be returned in the UK, a poll of 2,000 people shows,
Fashion
Tendam increases revenues by 8.6% during first nine months of its fiscal year to 840 million euros

Tendam increases revenues by 8.6% during first nine months of its fiscal year to 840 million euros

During the period between March 1 and November 30, 2022, the parent company of brands such as Cortefiel and Women'secret broke its turnover record.
Fashion
Shein calls on young designers

Shein calls on young designers

The Chinese e-tailer intends to support new talents via its Shein X programme, which has already supported 3,000 designers, investing 55 million dollars. A fashion show will be organised in Paris in June.
Fashion
The 38th Hyères Festival will be chaired by Charles de Vilmorin and Alan Crocetti

The 38th Hyères Festival will be chaired by Charles de Vilmorin and Alan Crocetti

This year's competition is aimed at young people, with Charles de Vilmorin presiding over the jury for fashion, Alan Crocetti for accessories and Luis Alberto Rodriguez for photography.
Fashion
Retail footfall improved in 2022, but pre-pandemic gap is "long-term trend"

Retail footfall improved in 2022, but pre-pandemic gap is "long-term trend"

​Following an increasingly tough 2022 for UK retail, footfall this year won’t return to pre-pandemic levels and the gap from 2019 and will settle at between -5% and -10%, according to retail experts Springboard.
Fashion
Lucy & Yak launches buyback scheme

Lucy & Yak launches buyback scheme

‘Conscious’ clothing brand Lucy & Yak is developing its sustainability credentials with the launch of ‘Re:Yak Buyback’, offering vouchers of up to £20 off future purchases when returning any pre-loved items.
Fashion
Crew Clothing's big-name retailer links drive strong Christmas, January looks good

Crew Clothing's big-name retailer links drive strong Christmas, January looks good

​There’s a key trend being seen in UK retail with brand after brand reporting strong Christmas trading on the back of their link-ups with John Lewis, Next, M&S and Very.
Fashion