The latest news
US retailer holiday orders should boost transport demand, but risks loom
The slumping U.S. transportation sector could be bouncing off a bottom as retailers start preparing for the back-to-school season and winter holidays.
Kohl's rises on surprise profit as CEO's turnaround plan shows effect
Kohl's Corp on Wednesday reported a surprise profit as its new CEO's efforts to turn around the company that saw its margins slump last year started showing results.
Amazon beats all 18 shareholder-led proposals at annual meeting
Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce giant's annual meeting on Wednesday, a preliminary tally by the company showed.
Anine Bing opens in Covent Garden
Los Angeles-based fashion house Anine Bing has unveiled its new store in London’s Covent Garden, the brand’s third UK retail space.
Kaporal is the subject of five takeover bids, which will be examined on June 22
In receivership, the fashion chain is attracting interest from five potential buyers, including current Kaporal managers, the brand's founder Laurent Emsellem and Le Temps des Cerises.
Outdoor clothing brand Passenger gets new investment
Passenger, a UK-based outdoor clothing brand, is gearing up for faster expansion following an investment round that saw £15 million being pumped into the business.
Indian garment makers face pressure as brands, importers seek discount
Indian garment makers and exporters are under pressure due to reduced demand amid global economic challenges. Brands and retailers are seeking extra discounts on orders placed previously, a practice deemed unethical.
Record West End retail rentals for landlord GPE but it swings to loss
Central London is the place to be if you’re renting prime commercial and office space. Demand is sky-high and in Wednesday’s year-end results, key landlord GPE referred to its “strong strategic positioning".
UK inflation eases further but clothing prices still rising
UK inflation — including clothing prices — slowed again in April, although the rate remains high and prices continue to rise, which means consumers are thinking long and hard about discretionary purchases.
M&S sales continue to rise as fashion stays strong
M&S’s annual results offered more evidence of the strength of its turnaround with the retail giant reporting higher sales and headline profits, although operating profits were hit by tough comparisons and higher costs.
Japan's Uniqlo to exit Russia, paving the way for sale of business
Japanese brand Uniqlo has decided to leave Russia after suspending its operation there last year, opening the path for a sale of the business, the daily Izvestia cited Russia's deputy trade minister as saying.
M&S clothing chief Price to join Fabacus board
One of the UK retail’s highest-profile execs — Richard Price, MD of Clothing and Home at M&S — is to join Fabacus, the data management and bureau service for the licensing industry, as a member of its Advisory Board.
Klarna UK boss Marsh to leave
Klarna’s UK boss Alex Marsh is stepping down from the buy-now-pay-later (BNPL) financier for personal reasons. A replacement has yet to be announced.
Empowering artisans: Maria Grazia Chiuri's commitment to supporting craftsmanship through education
During the Cruise 2024 fashion show, FashionNetwork.com had the opportunity to interview Maria Grazia Chiuri, Dior's creative director. The interview provides a fascinating dive into her creative process.
Inditex to launch Zara's second-hand platform in Spain in 2023
In November 2022, Zara Pre-Owned was launched in the United Kingdom. Now, the company is looking into expanding to new markets: first, France and Germany, followed by Spain.
Hermès and Selfridges leave the Fashion Pact, now co-chaired by H&M CEO Helena Helmersson
The H&M Group CEO becomes co-chair of Fashion Pact, the initiative towards more sustainable fashion launched in 2019, which has seen the departure of big names such as Hermès, Selfridges and Stella McCartney.