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Safilo completes acquisition of Blenders Eyewear

Safilo completes acquisition of Blenders Eyewear

Safilo has announced the completion of its acquisition of digitally-native Californian brand Blenders Eyewear, the next step forward in the Italian company’s digital transformation strategy.
Fashion
Stitch Fix to cut jobs in California, invest in other U.S. states

Stitch Fix to cut jobs in California, invest in other U.S. states

Apparel seller Stitch Fix Inc plans to cut jobs in California and invest in other U.S. states where the company would offer new roles to all those affected, Chief Executive Officer Katrina Lake said on Monday. 
Fashion
Companies respond to U.S.-wide protests against racism and injustice

Companies respond to U.S.-wide protests against racism and injustice

Nordstorm, Target, Marc Jacobs and Virgil Abloh were among many to release statements in regard to the protests, receiving mixed responses from the public. 
Fashion
Copenhagen Fashion Week to be held in physical format on August 9-12

Copenhagen Fashion Week to be held in physical format on August 9-12

The Danish fashion event has pushed back its summer session’s dates but will still be held in physical format, unlike similar events. The decision came after an agreement was reached with the CIFF and Revolver shows.
Fashion
EssilorLuxottica launches €3 billion bond issue

EssilorLuxottica launches €3 billion bond issue

On Friday, the eyewear and optics giant announced it launched a €3 billion bond issue for general corporate purposes on Thursday, with an average yield of 0.46%.
Fashion
Boohoo hit with $100m lawsuit over “fake promotions”

Boohoo hit with $100m lawsuit over “fake promotions”

The legal action has been brought by US law firms Almadani Law and AI Law, which allege that Boohoo and its subsidiaries PrettyLittleThing and Nasty Gal have engaged in deceptive pricing.
Fashion
Hyères Fashion Festival to be held on October 15-19

Hyères Fashion Festival to be held on October 15-19

The event, previously postponed due to the Covid-19 crisis, will be held on October 15-19 under the aegis of jury presidents Jonathan Anderson, Paolo Roversi and Hubert Barrère, featuring a new prize sponsored by Hermès.
Fashion
Icon Outlet mall to reopen before rest of leisure complex

Icon Outlet mall to reopen before rest of leisure complex

Icon Outlet at The O2 is to reopen on the first day that it can with a comeback planned for June 15 as part of a phased reopening approach for the destination leisure complex.
Fashion
Mr Porter launches sunglasses blitz as H&M links with Chimi for eyewear collab

Mr Porter launches sunglasses blitz as H&M links with Chimi for eyewear collab

As the SS20 season is all-but-cancelled globally, lockdown easing is seeing retailers launching products that they know are likely to sell, especially in the menswear market.
Fashion
Aldo's UK arm files for administration but some stores could continue

Aldo's UK arm files for administration but some stores could continue

The UK arm of failed Canadian footwear retailer Aldo is now in administration, the filing coming just a few weeks after the Canadian parent company filed for bankruptcy protection.
Fashion
Primark sees strong sales at global stores, English shops to open on 15 June

Primark sees strong sales at global stores, English shops to open on 15 June

Reopening is hugely important for every physical retailer, but it's even more so for Primark, which has admitted it's been losing £650 million in sales a month due to lockdowns as it has no webstore to fall back on.
Fashion
Ted Baker swings to loss, raises new cash, unveils growth plan

Ted Baker swings to loss, raises new cash, unveils growth plan

Ted Baker had lots of news on Monday as it released its full-year results, with the retailer also talking about a fundraising and “a detailed strategy and transformation plan for the company”.
Fashion
Upgraded Uniqlo global flagship to reopen in Ginza Tokyo this month

Upgraded Uniqlo global flagship to reopen in Ginza Tokyo this month

Fast Retailing’s Uniqlo will open an expanded Uniqlo Tokyo on June 19 in the key Ginza shopping district. The company has renovated its store in the Marronnier Gate Ginza 2 building as the area is redeveloped.
Fashion
Aritzia sees sales grow 6% in Q4, expects 45% decline in Q1

Aritzia sees sales grow 6% in Q4, expects 45% decline in Q1

The Canadian fashion retailer has announced a 6.3% increase in fourth-quarter sales thanks to a strong performance from its e-commerce business, but anticipates significant declines in the first quarter due to Covid-19.
Fashion
Timberland pushes forward with regenerative leather supply chain initiative

Timberland pushes forward with regenerative leather supply chain initiative

The outdoor apparel and equipment company has announced a new partnership with The Savory Insititute as part of its efforts to help build a regenerative leather supply chain for the apparel and footwear industry.
Fashion
Coronavirus sinks U.S. consumer spending

Coronavirus sinks U.S. consumer spending

U.S. consumers cut spending by the most on record for the second straight month in April and the growing frugality reinforced expectations the economy could take years to recover from the Covid-19 pandemic.
Fashion