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JOOR raises $46m to aid faster growth and innovation

JOOR raises $46m to aid faster growth and innovation

​Major digital fashion wholesale platform JOOR has announced that it has raised $46 million in Series D funding and will use the new cash to accelerate its growth and focus even more on innovation.
Fashion
Psyche store to close after Frasers buyout, to be rebranded as Flannels

Psyche store to close after Frasers buyout, to be rebranded as Flannels

Fashion retailer Psyche is to close its Middlesborough flagship store in August and will be rebranded as the high-end Flannels chain, owned by the Fraser Group, reopening in September.
Fashion
Very Group to create new youth roles under UK's Kickstart scheme

Very Group to create new youth roles under UK's Kickstart scheme

​The Very Group is set to take advantage of the UK government’s Kickstart scheme to create 30 news roles for young people within its online-based fashion operations.
Fashion
WIT Fitness and CrossFit link-up for global product push

WIT Fitness and CrossFit link-up for global product push

London-based sportswear retailer WIT Fitness and CrossFit have signed a multi-year global e-commerce and retail partnership that will also see WIT act as official global sponsor for the training specialist.
Fashion
H&M Group sales rise in Q2, but pandemic restrictions are still an issue

H&M Group sales rise in Q2, but pandemic restrictions are still an issue

​H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.
Fashion
Boohoo sales surge in Q1, but some markets are challenged

Boohoo sales surge in Q1, but some markets are challenged

Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.
Fashion
Mr Porter launches vibrant summer collab with Tom Ford

Mr Porter launches vibrant summer collab with Tom Ford

The online men’s fashion destination has released the second installment of its “Hosted by” initiative, teaming up with iconic American luxury brand Tom Ford for an exclusive collection inspired by 1970s Los Angeles.
Fashion
Valentino results dragged down by pandemic

Valentino results dragged down by pandemic

The health crisis had a strong negative impact on the results of the Italian brand, which posted a net loss of 127 million euros in 2020, compared to earnings of 33 million euros in the previous year.
Fashion
Telfar and Ugg unveil collaborative collection

Telfar and Ugg unveil collaborative collection

Telfar, the Brooklyn-based fashion label founded by designer Telfar Clemens, and Decker Brands-owned footwear and lifestyle brand, Ugg, launched on Monday their long anticipated collaborative collection. 
Fashion
The relationship between plastic and fast fashion still going strong, report says

The relationship between plastic and fast fashion still going strong, report says

Despite their various commitments and promises to making fashion a more circular and responsible industry, some fast fashion giants still make a majority of their clothes with environmentally harmful plastics.
Fashion
Allbirds steps into regenerative farming for wool production

Allbirds steps into regenerative farming for wool production

Allbirds is turning to regenerative agriculture, considering that this system can maintain biodiversity and restore soil health while reducing the fashion sector's environmental impact.
Fashion
Pitti Uomo is ready to restart with a very special physical edition

Pitti Uomo is ready to restart with a very special physical edition

Florence-based trade show Pitti Uomo will be one of the first to relaunch its physical show, from June 30 to July 2, albeit in a reduced format and with safety measures. It expects up to 8,000 buyers and over 300 brands.
Fashion
​UK weekly footfall suffers as shopper numbers dip

​UK weekly footfall suffers as shopper numbers dip

Footfall across all UK retail destinations couldn’t maintain some impressive gains made at the start of the month, falling 6.7% week-on-week in the seven days spanning 6-12 June, latest Springboard data shows. 
Fashion
Premium rental brand Rotaro opens on Carnaby Street

Premium rental brand Rotaro opens on Carnaby Street

The onward march of rental is continuing with landlord Shaftesbury announcing the arrival of Rotaro, a premium womenswear rental pop-up at 45 Carnaby Street. 
Fashion
Consumers are demanding ethics and sustainability say industry's big names

Consumers are demanding ethics and sustainability say industry's big names

​The British Fashion Council’s inaugural (and virtual) Institute of Positive fashion Forum late last week made a plea for sustainable and inclusive behaviour from the industry to satisfy consumer demands for change.
Fashion
London Fashion Week’s winning collection was by Preen by Thornton Bregazzi

London Fashion Week’s winning collection was by Preen by Thornton Bregazzi

Preen by Thornton Bregazzi has long been one of the half-dozen absolutely must-see collections of London Fashion Week, and its resort collection in a much-reduced LFW was the highlight of this  season.
Fashion