INDUSTRY NEWS BY FASHIONUNITED

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News feed by FashionUnited

  • Image: Joules British lifestyle group, Joules has announced that retail sales have been depressed over the five-week period to August 14, 2022, resulting in an 8 percent year-on-year reduction in retail sales in the 11 weeks of the current financial year to date. As a result of the recent softness in trading and the current weak consumer sentiment, the company’s board expects a significant loss in the first half, followed by an improved performance in […]
  • Image: Kohl's + Sephora As Sephora at Kohl’s celebrates one year since first opening its doors, the brand's presence will now expand to all of Kohl’s 1,100 locations. “Sephora at Kohl's provides our customers with easier access to prestige beauty, and the partnership has brought in new, younger and more diverse customers to Kohl's," said Michelle Gass, Kohl’s chief executive officer. Kohl’s said in a statement that the 200 Kohl’s stores with Sephora that opened […]
  • Image: Björn Borg image bank From the period between April 1 to June 30, 2022, Björn Borg Group’s net sales amounted to 161.5 million Swedish krona, a decrease of 0.8 percent. “We see strong growth in our own e-commerce that increased by 18 percent in the quarter and a gross profit margin at currency neutral rate grew strongly,” commented Björn Borg CEO Henrik Bunge. Björn Borg ecommerce sales increase 18 percent The company said in […]
  • Image: Ross Stores Ross Stores, Inc. reported second quarter earnings per share of 1.11 dollars on net income of 385 million dollars compared to 1.39 dollars per share on net earnings of 494 million dollars for the same quarter last year. Sales for the quarter were 4.6 billion dollars versus 4.8 billion dollars in the prior year period. Comparable store sales were down 7 percent on top of a 15 percent gain in the second […]
  • Image: I Saw It First Frasers Group has reportedly appointed a chief executive officer to take the helm of two Manchester-based fast fashion companies it bought in quick succession in recent months. Greg Pateras is the new joint CEO of Missguided and I Saw It First, according to a memo seen by Retail Gazette. FashionUnited has reached out to Frasers Group for comment. Pateras has been at the helm of I Saw It First since […]
  • Image Credit: Via OFFPRICE The 55th OFFPRICE Show, held between August 6-9th at the Venetian Expo in Las Vegas, kicked-off the summer edition of Las Vegas Fashion Week. Retailers of all sizes came to source excess inventory that’s hitting the market to fill gaps in their open-to-buy dollars and preview resort and early spring merchandise. “We aim to redefine how buyers and vendors interact with each other in a welcoming environment and finding everything under one-roof. […]