Resale platform and tech provider ThredUp has published its 11th annual Resale Report which looks to offer a comprehensive measure of the global and US-focused secondhand market. Next to new insights about the market’s growth and consumer shopping behaviour, the…
Physical stores will soon employ less humans but offer better customer experience. So say innovation leaders in the retail technology space. While this might be an answer to the staff shortages and worker strikes plaguing businesses post-pandemic what will it…
Shoe Carnival’s fourth quarter 2022 net sales of 290.8 million dollars decreased 22.6 million dollars or 7.2 percent, compared to the fourth quarter of 2021. In January 2023, the first comparable month without government stimulus, net sales increased low single…
G-III Apparel Group swung to a loss in the fourth quarter ended January 31 despite revenue increasing 14.2 per cent year-on-year. The Nasdaq-listed company, whose portfolio includes brands Karl Lagerfeld, DKNY, and Donna Karan, made a net loss of 261.1…
The British Fashion Council (BFC) has struck up a new partnership with Film AlUla as part of the film agency’s newly launched AlUla Creates platform, created to empower future generations in film, the arts and fashion. The initiative comes as…
2022 was not a good year for Adidas. With slowing sales in China, a sanctioned Russia and a Yeezy crisis, 2023 has already been christened with a probable operating loss of 700 million euros. This is largely due to the…
Puma has reported record revenue and EBIT in its most recent annual results, but warned that it faces a “high degree” of “uncertainty” in 2023. Full-year sales at the German sportswear giant increased 24.4 per cent on a reported basis…
California start-up Rubi, which is pioneering carbon-negative cellulosic textiles, has secured an additional 8.7 million US dollars in funding and announced it has signed up fashion brands Ganni, Reformation, H&M, Patagonia and rental platform Nuuly to its initial strategic pilot…
By Jeleel Olawale The Founder of Africa Fashion Week, London (AFWL) and one of the gatekeepers of African Tourism, Queen Aderonke Ademiluyi-Ogumwusi, has said that Africa Fashion hub would promote tourism globally. Ademiluyi-Ogunwusi stated this at African Fashion Week Press…
U.S. e-commerce giant Etsy has reported record revenue in the fourth quarter, up 12.6 percent from the same period a year earlier following a “strong holiday performance”. The company, which focuses on vintage and handmade products, made net revenue of…
