H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.
Fashion retail giant Inditex said on Wednesday that its recovery is continuing to gain momentum with its sales, EBITDA and net income in the second quarter of its financial year reaching "historic highs”.
M&S has unveiled its AW21 collection and unlike previous collection debuts, the offer is big on affordable and stylish comfort and less focused on higher-end star pieces. It comes with a major new campaign.
H&M Group had lots of news this week with the firm’s CEO taking part in the Fashion Future conference, its Monki brand joining the Zalora platform, and the launch of its most recycled denim collection yet.
The denim-only tradeshow has announced that, in light of current developments related to the ongoing Covid-19 pandemic, it is canceling this season’s New York event, originally scheduled for December 6-7.
Danish brand Les Deux said it’s “ready to give our take on denim for the first time”. It has partnered with a major sustainable denim factory and “managed to bring down the environmental impact by approximately 75%”.
There was some good news coming out of Marks & Spencer for once on Friday as it upgraded its profit outlook after shoppers went online to buy more of its revamped clothing offer and also bought plenty of its foods.
British retailer Marks & Spencer is to add more guest clothing and footwear brands to its website, including FatFace and Jones Bootmaker, after an initial wave of brands increased traffic and attracted new customers.
U.S. shoppers returning to stores ahead of the back-to-school season helped Target forecast higher same-store sales growth after beating quarterly estimates, even as online demand sharply dropped from pandemic highs.