Adidas cuts full-year profit target on slow China recovery By Reuters Adidas Photo- – Adidas In an unscheduled statement, the sporting goods maker said it expected full-year net income from continuing operations to reach about 1.3 billion euros ($1.31 billion),…
Zalando takes stance against mulesing It emerged on Friday that online fashion giant Zalando Photo: Four Paws/Bente Stachowske As is usual with announcements linked to animal welfare issues around the fashion industry (such as ending the use of fur by…
Sergio Tacchini bought by South Korean group F&F Holdings Translated by Nicola Mira Another change of ownership for Sergio Tacchini. The Italian sportswear brand, founded by the eponymous tennis professional in 1966 and owned since 2019 by US investment funds…
Is Amazon ready to raise the price of Prime delivery? Wall Street thinks so By Reuters API When Amazon The company has every reason to do so, analysts say. Amazon had to pay higher wages and signing bonuses to attract…
Amazon surges, eyes Wall Street record gain in value By Reuters API A day after Facebook owner Meta Platforms suffered the biggest loss of stock market value in history for a U.S. company, Amazon Shares of the online retail and…
Earth Day: Initiatives shaping a more sustainable future for fashion By AFP-Relaxnews As the world’s second most polluting industry, fashion is trying to reinvent itself to reduce its ecological impact. This involves developing new practices, using new materials, and switching…
Gap to return to Oxford Street as work starts on concession in Next The disappearance of Gap Next Work has begun to create a Gap concession in the Oxford StreetNextTotal The joint-venture deal between the two companies sees Next owning…
Flipkart invests $116 million in fashion arm Myntra E-commerce giant Flipkart’s Singapore entity has invested $116 million in its fashion retailer Myntra A selection of Caudalie’s skincare products which recently launched on Myntra as it continues to expand its brand selection…
Lululemon enters footwear with women’s collection, men’s to come Canadian athleticwear maker Lululemon announced on Tuesday plans to launch its debut footwear models, starting with its first women’s shoe release this month, with a men’s collection due next year. Each…
CEO of Berkshire’s Brooks Running expects sales boost despite pandemic, supply disruptions By Reuters API The longtime chief executive of running shoe maker Brooks Photo: Brooks Running Jim Weber, 62, who has led Brooks since 2001, said in a Thursday…
