J.C. Penny CEO Jill Soltau is attempting to restore Penney’s roots as a retailer of mid-priced apparel for middle-class families, as she reduces inventory at stores to boost margins and closes underperforming outlets.
Internet-based fashion group Boohoo has bought the online businesses of fashion chains Karen Millen and Coast, leaving a question mark over the fate of the two retailers’ stores and concessions in Britain.
Rakuten is now the main sponsor of Tokyo Fashion Week. The event has been re-named as "Rakuten Fashion Week Tokyo" starting with the event’s upcoming edition for spring/ summer 2020, which will take place in October.
The French Fashion and Haute Couture Federation has included new entries Nanushka, Nehera and Sadaels in the presentation calendar for the S/S 2020 Paris Fashion Week, scheduled from September 23 to October 1 2019.
Hugo Boss expects full-year sales and earnings to come in at the lower end of its forecasts due to challenges in the U.S. market, despite strong sales growth in China, the German fashion house said on Thursday.
Zalando is investing for growth and it's paying off as site visits and revenue are rising fast. But while adjusted operating earnings are on the rise, net income is still low as it prepares for a more profitable future.
The Swiss group finalised the acquisition of the Elicha brothers’ label last May. FashionNetwork.com’s partner Retviews has analysed the product range on its site, comparing it to its accessible luxury competitors.
According to new research conducted by NPD, being able to see, touch and try on apparel before purchasing it is the most important reason for 55% of consumers for choosing to shop in physical stores, rather than online.