The Pittsburgh-based apparel retailer announced on Tuesday that it has agreed to acquire its fulfillment partner, Quiet Logistics, for $350 million as part of the ongoing transformation of its supply chain.
The pandemic has triggered a drastic transformation in the relationship between fashion houses and investment funds, which now tend to forge stronger bonds with labels in order to support them in the long term.
Under Armour Inc raised its annual revenue and profit forecasts on Tuesday, as people seek comfortable casuals and athletic wear with their pandemic-hit social life still irregular and offices yet to open.
It’s almost a decade away, but 2032 marks a couple of major milestones for UK fashion group Pentland Brands. Coinciding with its centenary, the business has launched a sustainability strategy to be reached by 2032.
French Connection is heading back into private ownership. Shareholders in the struggling UK fashion brand have voted to back the £29 million takeover by Newcastle-based businessman Apinder Singh Ghura.
Fast Retailing’s Uniqlo brand saw more declining sales in October after a succession of months this year in which sales have dropped. Last month, its comp sales including online fell 4.8% and total sales fell 5.2%.
The Lycra Company has launched the Lycra ONE Online Network Exchange, an online customer portal that “empowers brands, retailers, and garment makers to connect to a global network of mills in one convenient platform".
The Chico, California-based womenswear company popular with millennial and Gen-Z consumers, announced on Monday that it is launching its initial public offering with 5.75 million shares of its common stock.
The United States is pondering suspending Ethiopia's duty-free market status due to abuses in the Tigray region, a decision that would threaten Ethiopia's aspirations to become a light manufacturing hub.