Fashion
Fast Retailing, the Japanese parent company of clothing brand Uniqlo, has seen continued turnover growth in the third quarter. International activities have performed particularly well.
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Superdry is sinking deep: the British fashion label has now reached a record loss of more than one hundred million euros, while turnover remains stagnant.
Levi Strauss saw its first quarter on the stock market end on a negative note: there was less profit than envisioned, to the investors' disappointment. Still, sales of the jeans brand went up in every market.
FNG, known from Brantano and Miss Etam, is taking over the Swedish Ellos Group, a leading e-commerce player in fashion and interior decoration. A sum of 229 million euros is involved.
French sneaker retailer Courir is coming to Belgium with its own stores. The first two outlets will be opened in Brussels, more precisely in City 2 and at the Elsensesteenweg.
Fashion brand McGregor will be returning to the streets in Belgium and the Netherlands. The label is about to open six stores in the two countries in the coming autumn.
Afound, the newest outlet and multi-brand formula created by the H&M group, is making its entry in the Netherlands. It will be the first market for Afound besides domestic Sweden.
For the eighth quarter in a row, Swedish fashion chain H&M is reporting a decreasing profit, despite having achieved turnover growth. Management is now forced to take measures: there will be far fewer new stores than originally planned.
German shoe giant Adidas has suffered a painful defeat against its much smaller Belgian competitor Patrick (owned by the Shoe Branding company), as the EU General Court decided three stripes in any direction are famous not enough to constitute a protected trademark.
Thanks to the use of sustainable resources and production methods, C&A has managed to further reduce its ecological footprint. The retailer aims to increase its organic and recycled cotton use and to produce Cradle to Cradle-certified clothing.
Irish clothing discounter Primark has doubled the size of its best performing store worldwide, at the Rue Neuve in Brussels.
A small consolation after the tragic loss of its figurehead Karl Lagerfeld, but Chanel has performed exceptionally well last year. The company's turnover is approaching the milestone of ten billion euros, 12.5 % more than the year before.
Swedish fashion giant H&M has seen growth for the fifth consecutive quarter, as turnover rose by 11 %. Still, there is much work left to be done, as the chain readily admits.
Spanish fashion giant Inditex (Zara, Bershka, Massimo Dutti) has increased its sales figures by 5 % in the past quarter, clearly bucking the trend of struggling clothing stores.
The only way for the Dutch branch of Hudson's Bay to get rid of its overly expensive and very long-running rental contracts would be bankruptcy, as the chain's odds of survival are looking slim no matter what.
On Amazon, you can now look for a particular outfit based on a picture. StyleSnap is a new addition to the online retailer's app, which recognises photographs with artificial intelligence.
