Hennes & Mauritz Q1 profit declines hurt by strong dollar
Hennes & Mauritz's quarterly sales including VAT rose by 9% in domestic currencies. The company's quarterly profit declined 30% as dollar increased over local currencies.
Fashion/Clothing
Adidas Bounces Back After Kanye West Fallout, Forecasts $743 Million Profit in 2024
Adidas has rebounded after it severed ties with Kanye West, now projecting profits of €700 million (£598 million) for 2024.
Exploring the Marvels of AI in Fashion with Michael Chen
Michael Chen, the founder of Cape Robbin, says that AI has been transformative in his experience. It can do wonders if applied correctly, something that is reflected in Cape Robbin's diverse and uniqu..
Nike Plans to Make its Biggest Olympics Spending Yet
Nike is gearing up to make its biggest spending commitment yet for the upcoming Olympics...
Nike CEO John Donahoe is Fed Up With Remote Work, Says Setup Slows Down Innovation in New Products
Nike CEO John Donahoe blames the recent decline in innovation to the challenges posed by remote work and acknowledges that there has been an excessive focus on direct sales, which may have hindered pr..
Beyoncé's 'Cowboy Carter' Drives Boot Sales Jump Over 20% Across The US, Retailers Are Thriving
Sales of Western-style boots saw a significant increase of over 20% in...
Jessica Alba Steps Down From The Honest Company 12 Years After Founding the Firm
Jessica Alba is stepping down as chief creative officer at The Honest ...
Latest News
Qatar-owned Italian Fashion House Valentino Offers 500 Million Euros to Acquire France’s Balmain
Valentino has made an offer to acquire French fashion house Balmain for 500 million euros. Balmain’s heirs has decided to find a new owner after the fashion house’s former chairman and majority owner,
Synova Capital Sold UK Handbag Maker TLG Brands to Hong Kong's Global Brands Group
Synova Capital has sold its UK fashion accessories brand TLG Brands to Hong Kong’s Global Brands Group. Under Synova’s ownership, TLG Brands has been seeing strong growth and more presence in internat
Aeropostale Explores Strategic Options After Another Poor Quarterly Result
Following another quarterly loss, the clothing company is in rush to find the best option. That includes putting the company on sale.
Morgan Stanley lowers Gap's stock to underweight
Morgan Stanley lowered Gap's stock to an "underweight" rating from "equal-weight", citing key weakness in the company's business. Analyst at Morgan Stanley fixed an objective price of $26 for Gap's st
Nike Introduces Self-Lacing Shoe Technology, to be Available Later This Year
The self-lacing shoe technology finally arrives, as Nike announced its newest adaptive lacing technology. The HyperAdapt 1.0 will be available for Nike+ members later this year.
Samsonite to Acquire Luggage Competitor Tumi for $1.8 Billion
It was agreed that Samsonite is to acquire luggage-manufacturer rival Tumi for about $1.8 billion. Samsonite has long been interested in Tumi and its acquisition is considered the biggest deal made by
Converse Revealed New Concepts and Approach in Chuck II Reflective Print Collection
Converse is adopting a new approach to update its Chuck Taylor shoes. The shoemaker revealed its newest Chuck II Reflective Print collection with an improvement in functionality and visual features to
Japan Finance Ministry Recruits Fashion Editor to Encourage Women to be More Involved in The Country's Economy
The Japan Finance Ministry is organizing a seminar for women covering the topics on the country’s fiscal policy. Women’s fashion magazine editor-in-chief Hiromi Sogo will serve as one of the six femal
Victoria's Secret CEO Announced Resignation, Parent Company's CEO to Assume Leadership
Victoria’s Secret CEO Sharen Turney announced her resignation on Friday, concerning investors and briefly crash the parent company’s shares after the news. However, the company had assured investors t
