South Africa’s Truworths is betting on the launch of new clothing brands as well as entry into the budget-clothing market to support its medium-term growth after reporting a 7% decline in half-year profit on Thursday.
Birkin bag maker Hermès weathered the coronavirus pandemic better than luxury goods rivals, with sales recovering sharply in the final part of 2020 thanks to a strong performance in Asia and soaring online revenues.
Stella McCartney has struck a long-term global kidswear licensing deal with Italy’s Simonetta, which specialises in the category. Simonetta will develop, manufacture and distribute Stella McCartney Kids from SS22.
The Denver, Colorado-based owner of brands including Vans, The North Face and Timberland, has announced that it has allocated all of the net proceeds from its inaugural green bond to 13 of its sustainability projects.
The American footwear and athletic apparel retailer announced its capital allocation program for 2021 on Wednesday, revealing plans to invest $275 million over the course of the year, with an emphasis on digital growth.
Sales at luxury puffer jacket maker Moncler recovered in the key final quarter of 2020 to rise by 8% despite the fallout from the coronavirus pandemic, as soaring revenues in Asia helped it offset a decline in Europe.
Walmart Inc beat expectations for same-store sales growth on Thursday, as an early start to the holiday season and a boost from stimulus money late in the fourth quarter drove demand for electronics, toys and groceries.
Marimekko said Thursday that its fourth quarter was strong and full-year 2020’s net sales almost reached the 2019 figure, despite the pandemic, while comparable operating profit rose in double-digits.
Uniqlo owner Fast Retailing has hit a milestone in its global ambitions with its value as defined by its share price reaching ¥10.87trn (€85bn) this week, more than any other company in the global clothing sector.