The German brothers Samwer’s investment firm, Global Founders, sold 3.78 % of its Zalando shares. The brothers’ share in the German online fashion retailers is now less than 5 %.
Shoe chain Foot Locker’s first quarter turnover grew 0.7 % to 2 billion dollars (1.8 billion euro), but its net profit did drop from 191 to 180 million dollars (160 million euro).
Japanese Fast Retailing, fashion chain Uniqlo’s parent company, managed to drastically speed up its production cycle. From now on, it will only take thirteen days to bring a design to the store.
Fashion label Ralph Lauren has appointed Patrice Louvet as its new CEO. He will succeed Stefan Larsson, who decided to leave the company following a difference of opinion with founder and chairman Ralph Lauren.
Fashion company Urban Outfitters failed to live up to 2017’s first quarter expectations. Its like-for-like turnover dropped again for Anthropologie, Free People and Urban Outfitters’ parent company.
Fashion label Stella McCartney introduced a new store formula in Paris, focused on sustainability. The brand wants to open new stores in Florence, Los Angeles and New York in the summer.
American clothing brand Abercrombie & Fitch has enlisted an investment bank to look at its options if it were to sell the fashion company, although this does not mean it will definitely be sold.
At the end of its first trimester, Zalando surpassed the twenty million active customer milestone. Turnover for the quarter also grew nearly 25 %, to 980.2 million euro.
Cheap and 100 % sustainable t-shirts are just a first step for C&A. It is calling on its fellow store chains and manufacturers to work together in order to create an accountable fashion industry.
Italian fashion brand Moncler performed well in 2017’s first quarter. Its retail sales grew considerably, especially in Europe. It has 191 stores all across the world.
In the first quarter of 2017, Yoox Net-a-Porter continued its growth. Not only did turnover grow more than 15 %, the number of visitors and orders also went up tremendously compared to the previous year.
The first quarter of 2017 proved to be an excellent one for German sports brand Adidas. Turnover grew nearly 20 % and profit did even better with a 30 % increase, mainly thanks to strong performances in North America and China.
German fashion label Hugo Boss’ turnover grew 1 % in 2017’s first quarter. There was growth virtually everywhere, but it did suffer a sizeable setback in the United States.
Lingerie chain Hunkemöller is examining its options to open a store in London. It came to the United Kingdom in 2011, but quickly withdrew. Late last year, it opened a local web shop.
German online fashion store Zalando wants to simulate Coolblue and Amazon and open its own chain of stores, mainly as a giant billboard to help promote the web shop.
After two years, Belgian clothing chain JBC has halted its collaboration with Chinese partner Deesha, because Bart and Ann Claes’ company will service the Chinese market itself.
