Stitch Fix quarterly losses widen, reduces workforce to save on costs Stitch Fix Stitch Fix The San Francisco-based company said revenues for the third quarter ending April 30 declined to $492.9 million compared to $535.5 million, while active client numbers…
Thinking Mu recruits David Meire as board member, targets €20 million by 2024 Translated by Roberta HERRERA Thinking Mu was founded as a sustainable fashion brand, a groundbreaking concept for the time period, by Pepe Facade of Thinking Mu’s store…
Gildan Activewear sees sales of $896m in Q2 By Fibre2Fashion Canadian clothing manufacturer Gildan Activewear “We are pleased with our record sales and earnings for the quarter, underpinned by the Gildan sustainable growth strategy, including our focus on innovation and…
Esprit plans Asia comeback as it focuses on higher quality, slower fashion Recovering fashion retailer Esprit Esprit That’s according to CEO William Pak who, in an interview with Bloomberg Television, said the firm that the firm’s output is also more…
HanesBrands returns to profit in Q1, Champion U.S. sales hurt by product supply delays HanesBrands announced on Friday a 5% uptick it net sales for the first quarter, on the back of increased sales in the company’s U.S. and international…
Next downgrades sales and profits forecast as consumers rein in spending Next Next On the plus side, the company said performance in the six months to July saw brand full-price sales up 12.4% year-on-year and up 22.3% against 2019. And…
Russia exit dents H&M in Q3, but it sees September upturn H&M H&M But looking specifically at the third quarter, the Russia move had a much bigger impact with the result that while net sales rose 3% to SEK57.45 billion,…
The Hyères Festival returns from October 13 to 16 Translated by Cassidy STEPHENS The Hyères International Festival of Fashion, Photography and Accessories is attracting the crowds more than ever. Partners, houses and institutions are jostling to be there. The festival…
Mark Zuckerberg teases wearable tech with neural interface in Facebook post By Reuters API Meta Platforms Inc’s chief executive, Mark ZuckerbergEssilorLuxottica Reuters “Here Leonardo is using a prototype of our neural interface EMG [electromyography] wristband that will eventually let you…
Kohl’s hits back at Macellum with letter outlining strength of board Kohl’s In the letter, the Menomonee Falls-based Kohl’s Corp. took aim at the track record of activist investor Macellum Capital Management, who is nominating its own slate of directors for the…
