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Gap bets on Athleta for 2023 growth strategy

Gap bets on Athleta for 2023 growth strategy

Gap Inc. unveiled at a virtual investor meeting on Thursday that it expects to return to profitable growth next year, with plans to double the sales of its Athleta business to $2 billion over the next few years. 
Fashion
Gum boots? When the world's second most common form of litter becomes a pair of sneakers

Gum boots? When the world's second most common form of litter becomes a pair of sneakers

With the global market for gum expected to grow to almost US$39 billion by 2027, people are already coming up with original ways of dealing with its waste, starting with making everyday products from recycled gum. 
Fashion
Calvin Klein names Linh Peters as global chief marketing officer

Calvin Klein names Linh Peters as global chief marketing officer

Peters will drive brand experience, product marketing and data-driven marketing innovation for the Calvin Klein brand, and will oversee all aspects of Calvin Klein’s consumer marketing organization. 
Fashion
Kingpins24 Amsterdam program announced

Kingpins24 Amsterdam program announced

The digital denim event will focus on themes of inspiration, innovation, fiber and raw materials, and people and social responsibility, and will include talks on the topics of hemp, climate commitments, ethics and more.
Fashion
Havaianas is first customer for Hatch digital showroom software

Havaianas is first customer for Hatch digital showroom software

​Amsterdam-based Hatch has signed up Havaianas to use its digital showroom software with the brand able to conduct its 2021 selling season entirely digitally.
Fashion
Adidas 'to sell Reebok by next March' - report

Adidas 'to sell Reebok by next March' - report

​As the world continues to deal with the mega-shock that the pandemic has delivered the fashion sector continues to deliver surprises too with the latest on Thursday being a report that Adidas is planning to sell Reebok.
Fashion
London landlord Shaftesbury raises £307m, Capco invest further £65m

London landlord Shaftesbury raises £307m, Capco invest further £65m

​Shaftesbury became the latest London landlord on Thursday to announce that it's raising extra capital with the company issuing new shares in order to raise £307 million.
Fashion
Tough year for Leeds Group as competition and Covid hit sales, earnings

Tough year for Leeds Group as competition and Covid hit sales, earnings

The Anglo-German textiles firm blamed strong competition and the Covid-19 pandemic for a “difficult” trading year. Group revenue fell to £35.07 million in the 12 months to May 31 from £38.9 million a year ago.
Fashion
TM Lewin owner looking at Jaeger - report

TM Lewin owner looking at Jaeger - report

​The company behind the recent takeover of shirtmaker TM Lewin is also eyeing up-for-sale Jaeger, according to a news report.
Fashion
Amazon announces $100 million logistics investment in Mexico

Amazon announces $100 million logistics investment in Mexico

Amazon.com Inc said on Thursday it has invested $100 million in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to offer faster deliveries.
Fashion
Edinburgh Woollen Mill wants more negotiation time for rescue plan

Edinburgh Woollen Mill wants more negotiation time for rescue plan

The company wants to delay its rescue plan to save parts of the UK business. It's expected to apply for a 10-day extension of creditor protection as lockdowns in Wales, where it has its HQ, are hampering negotiations.
Fashion
ThredUp files for U.S. IPO

ThredUp files for U.S. IPO

The digital-first fashion resale marketplace revealed on Wednesday that it has filed confidentially for an initial public offering in the United States.
Fashion
Ant Group to launch $35 billion IPO after final nod from China regulator

Ant Group to launch $35 billion IPO after final nod from China regulator

Ant Group has won the final nod from China's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing.
Fashion
Apparel and accessories to suffer as holiday spending drops 18%

Apparel and accessories to suffer as holiday spending drops 18%

According to a new report from KPMG, U.S. consumers are planning to spend less this holiday season, with the apparel and accessories segment expected to be hit particularly hard by reduced shopping budgets.
Fashion
Gap plans Europe exit for 2021

Gap plans Europe exit for 2021

The US apparel group is envisaging closing down all its directly operated branches in the UK, France, Italy and Ireland next year - 129 stores in total - maintaining a presence in Europe through franchise partnerships.
Fashion
Launchmetrics to examine the future of brand performance in new virtual summit

Launchmetrics to examine the future of brand performance in new virtual summit

The digital event, taking place on 5 November, will see more than 20 industry experts come together to discuss the future of brand performance for the fashion, luxury and beauty industries.
Fashion