In a further sign of just how big the Gymshark brand has become in just a short period of time, news emerged on Wednesday that the label is to open its first flagship store in a prime spot on Regent Street next summer.
The owner of the Tommy Hilfiger and Calvin Klein brands announced a year-over-year increase of 10% in its third-quarter revenue on Wednesday, with progress driven by the company’s wholesale operations.
The fashion events calendar is struggling to get back to some sort of normality as UK lockdowns end while the pandemic rumbles on, and the menswear edition of London Fashion Week is being affected by this.
The parent company of brands including Donna Karan, DKNY and Sonia Rykiel has reported net sales of $1.02 billion for Q3, reflecting a 22.8% increase from $826.6 million in the same period in the previous year.
The Italian fashion group owned by Renzo Rosso has created BVX (Brave Virtual Xperience), a company that will develop projects and content for the virtual world of the metaverse, headed by Renzo’s son Stefano Rosso.
After its central London launch, Monsoon has opened its second boutique concept store at Bluewater in Kent. The company is “bringing a fresh new store experience to customers as part of the regeneration of retail”.
UK shoppers plan to spend £8.4 billion on buying Christmas gifts from independent retailers, some £2 billion more that a year ago, new research from Direct Line business insurance shows. That's 28% of their budget.