Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.
In an effort to reverse the decline in its worldwide sales, H&M is using technology that will help the world’s largest clothing brand stock its stores more efficiently, sell more effectively and adapt more quickly to current consumer trends.
German online retailer Zalando saw its first quarter profit completely wiped away: last year's 5.1 million euro net profit turned into a 15 million euro loss. Turnover grew 22 %, investments being the cause for both.
The French government plans to impose a ban on the disposal or destruction of unsold clothing by fashion companies. The measure extends the rules already in place for food waste to the spillage of clothing.
After a year of successfully integrating its various brands into the newly erected fashion group, Belgian fashion group FNG is now planning to implement two new retail formulas for its Brantano brand, in an effort to cover the entire Belgian shoe market.
French luxury group Kering achieved a 36.5 % turnover increase in its first quarter as Gucci took full advantage of a 90’s revival among young consumers: the luxury brand is “hot” among teens and saw its turnover climb 48.7 %.
Five years after the Rana Plaza clothing factories in Bangladesh collapsed, several governments have taken measures to force manufacturers to have more sustainable production, but the labour conditions have not improved for everyone.
Spanish fashion group Grupo Cortefiel is changing its name to Tendam, with the intention of creating a new corporate identity for its five brands: Cortefiel, Women’s Secret, Pedro del Hierro, Fifty Factory and Springfield.
Polyvore, a well-known American social media network and fashion inspirational platform, has been shut down as soon as e-commerce group Ssense acquired it. The users are dismayed and immediately launched a petition.