Fewer customers and lower turnover for H&M

Swedish H&M Group suffered a 4 % turnover drop in the fourth quarter because its stores welcomed fewer customers.

Hunkemöller is European Retailer of the Year

Dutch lingerie chain Hunkemöller has been elected “Retail of the Year Europe 2017-2018”. Q&A, which also elects a “Retailer of the Year” in Belgium and the Netherlands, organized the election for the third time.

Amancio Ortega leaves Inditex with strong quarterly growth

Over the first three quarters of fiscal year 2017, Inditex’ turnover grew 10 % to 17.96 billion euro. The Spanish fashion company published the results as its boss, Amancio Ortega, stepped down.

Glimmer of hope for fashion retail in 2018

McKinsey wrote in its The State of Fashion 2018 study that the industry has survived the harshest, even though nothing will ever be as it used to be. Growth will come from southern and eastern regions; fast-fashion will become even faster and the large companies will become even larger.

Gucci investigated for tax avoidance

The Italian police raided Gucci’s offices in Milan and Florence, looking for evidence of tax avoidance. The fashion label admitted there was an investigation and that it is fully cooperating.

Quiksilver wants to acquire Billabong

Surfing brand Quiksilver tabled a 150 million dollar (125 million euro) bid for its competitor, Billabong. It may be the latter’s only way out, with compounding losses in the past few years.

Benetton moves back to its roots

Luciano Benetton, founder of the Italian fashion chain, will take back control at the age of 82. He wants to return his company to its former glory: “The decay is unbearable”, he announced in the La Repubblica paper.

Opinion: Why Delvaux needs Game of Thrones-inspired handbags

Pop culture, fashion and luxury: they have gone hand in hand for ages, but their bond seems stronger than ever now. Why is Delvaux selling Game of Thrones handbags and how is Kim Kardashian helping the worldwide demand for luxury brands?

New CEO for Desigual's parent company

Eurazeo, which owns fashion brands like Desigual and Moncler, appointed a new CEO. Starting 19 March 2018, Virginie Morgon will succeed Patrick Sayer. She has been part of the company’s board for ten years.

Brax takes control of Belgian clothing stores

German Brax will take control of ten of its eighteen Belgian stores next year. Starting in 1995, the German clothing chain left management in the hands of fashion distributor ARW Retail.

Zalando's curated shopping service opens pop-up

Web shop Zalando’s curated shopping service, Zalon, opened its first pop-up sore in Berlin late last week. Over the course of the next three weeks, customers can talk directly talk to the stylists.

Samsøe & Samsøe opens first store in Belgium

Danish fashion brand Samsøe & Samsøe will open its first Belgian store in Antwerp in February 2018. Customers will be able to buy clothing, shoes and accessories, which were previously only available online and in Dutch boutiques.

Suitsupply attracts money to expand rapidly

Suitsupply has plans to update and expand its online and offline store network, both locally and abroad. The men’s fashion chain attracted 300 million euro from NPM Capital and four major banks to achieve that.

Belgian fashion has ironclad international reputation

The Antwerp Six is not the end: Belgium still has an internationally famed fashion reputation. Not only Antwerp is known, Brussels is also building a good reputation, something the government loves to back.

Second Dutch Saks OFF 5th store opens today

A second Dutch Saks OFF 5th store opened in Amsterdam today. The president if Hudson’s Bay’s discount chain says he is happy with the results of the first Dutch store.

H&M invests in web shop for sustainable clothing

ADAY, a web shop with sustainable clothing for women, has attracted 2 million dollars (1.7 million euro) in an investment round. One of the new investors is H&M’s investment division.

C&A sells 13 French stores

Fashion chain C&A will sell thirteen of its 160 French stores. The locations and the staff will all transfer to French fashion chain Chaussea and Stokomani.

Europe and Asia give Guess strong quarter

American fashion brand Guess’ third quarter turnover grew more than 3 %, mainly thanks to excellent sales in Asia and Europe. It did post a net profit loss however.

Urban Outfitters gets back on track in third quarter

Following several quarters of negative results, Urban Outfitters’ third quarter was one of growth. Total turnover grew 3.5 % and there was a 1 % like-for-like growth.

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