Fast Retailing, owner of Japan’s popular clothing chain Uniqlo, booked a record annual profit and forecast even stronger results in the current year, helped by growth in Asia and a recovery at its US stores.
The European Union is considering trade sanctions on Myanmar over the Rohingya crisis, potentially stripping the country of tariff-free access to the world’s largest trading bloc, three EU officials said.
At a spruced-up pilot store in H&M's home town of Stockholm, the chain founded in 1947 is testing new concepts that mark a break with its past, and partly echo some tactics already deployed by rivals to attract shoppers.
Fashion giant H&M is failing to fulfill a pledge to ensure garment workers who supply its high-street stores are paid a fair “living wage”, forcing many employees to work excessive hours in order to survive, says group.
On the eve of its semi-annual results, the company celebrated the reopening of its Milanese flagship. FashionNetwork.com analyses the event that reveals the intricacies within the omnichannel retail giant.