Yeezy is strengthening its organization. The structure behind the Kanye West label, in collaboration with Adidas, has recruited a managing director, a chief financial officer and other key executives in just one year.
Steinhoff reported a slight increase in nine-month sales on Friday as its managers remained pre-occupied with cleaning up after an accounting fraud that nearly tipped the South African retailer into bankruptcy.
Consumer confidence rose in August but was negative overall with consumers cautious but not in panic mode. They're saving a lot of spare cash and are ready to spend on big items, but fashion is unlikely to be a priority.
Canadian athletic apparel maker Lululemon Athletica Inc on Thursday posted second-quarter profit that almost doubled from a year earlier, lifted by strong growth in online sales, particularly in China.
The beauty retailer reported strong income and revenue growth in the second quarter and first half of fiscal 2018 on Thursday, with e-commerce leading sales increases across skincare, fragrance and mass cosmetics.
As the apparel company moves forward with its acquisition by founder George Feldenkreis, Perry Ellis International has reported slipping revenues in the second quarter, dragged down by lost womenswear sales.
Joe Browns goes from strength to strength and on Thursday reported an impressive 25% rise in sales for the first two months of its new fiscal year, while also expanding its team and planning to expand warehouse space.
Warm September weather could make a big dent in fashion retail turnover the BRC has said, based on Met Office data. While sales will be recovered later, the early slump could mean more markdowns and slower cash flow.
Apple Inc has acquired a startup focused on making lenses for augmented reality glasses, a signal the firm has ambitions to make a wearable device that would superimpose digital information on the real world.