British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
There’s more change happening at the top of ASOS with Mat Dunn, its COO/CFO, who was also interim chief executive after Nick Beighton left, set to to leave the company.
Walmart nudged up its annual profit forecast on August 16, partly reversing a hefty recent cut, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales.
Wolverine Worldwide posted revenue of $713.6 million in the second quarter for growth of 12.9 per cent versus the prior year. Excluding Sweaty Betty, revenue was $666.2 million, a record for the period.
The UK has launched the Developing Countries Trading Scheme to extend tariff cuts to hundreds of more products exported from developing countries, going further than the EU's Generalised Scheme of Preferences.
Swedish fashion giant H&M's official store on Alibaba's Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang.
Pandora, the world's largest jewellery maker, said on August 16 it would move ahead with its bet on lab-made diamonds, following its announcement last year to stop selling mined diamonds.
The good news just keeps flowing from Watches of Switzerland Group with the company on August 16 issuing a buoyant trading update for the 13 weeks to the end of July.
Ted Baker and Authentic Brands Group announced on August 16 that ABG will be buying the British fashion retailer for an agreed price of around £211m ($254m). It will mean a major push into North America for the label.
The board of Dubai's Emaar Properties, which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said on August 15.
Frasers Group may have brought Missguided founder Nitin pass back to run that business after it acquired it out of administration, but it’s not gone for continuity with another buy, that of I Saw It First.
Exports of textiles and apparel from the United States went up by 13.10 per cent year-on-year in the first six months of this year. The value of exports stood at $12.434 billion during January-June.
Ranra has walked away with the fourth Zalando Sustainability Award during Copenhagen Fashion Week. Its genderless collection “focused on longevity and used exciting techniques with textiles and dyes”.
Lifestyle retailer Joules said it has found a new CEO to replace Nick Jones. Jonathon Brown will join on 7 September 2022 and will take over fully at the end of next month “following a short handover period”.
Activist hedge fund Starboard Value, which had offered to buy Kohl's Corp for roughly $9bn early this year, slashed its stake in the department store by more than 80% in Q2, according to a regulatory filing.
