John Lewis has big plans to increase its fashion sales and is to add 100 new third-party fashion brands to its line-up over the next year as labels supply their products directly on johnlewis.com for the first time.
The Fort Myers, Florida-based womenswear retailer announced first-quarter sales of $388.0 million on Tuesday, an increase of 38.4% year over year, which also beat analysts’ estimates of $321.0 million.
The UK fashion industry is on notice. The government is launching a major initiative to crack down on workplace abuse, with particular attention to garment production, in a bid to improve and protect workers’ rights.
Fast Retailing’s Uniqlo interrupted a fairly strong record of rising Japanese same-store sales during May as the company recorded a 0.6% drop year-on-year. That said, total sales did manage to increase by 3.6%.
As companies across different industries roll out products for Pride Month, Rihanna’s Savage X Fenty is doubling down on its inclusive message with its own Pride collection, the first to be launched by the brand.
M&S has delivered a bleak full-year earnings report, although the bad news was far from unexpected. In year to April 3 — which included three lockdowns during which its clothing departments were shut — sales plummeted.
From making algae-sequin dresses, dyeing clothes with bacteria to planting trackable pigments in cotton, an emerging tide of innovations offers the fashion industry a chance to clean up its woeful environmental record.
The Victoria’s Secret parent company announced net income of $276.6 million, or $0.97 per share, for the first quarter on Wednesday. Adjusted earnings per share totaled $1.25, beating analysts’ estimates of $1.25.
M&S has unveiled a major realignment of its senior leadership team with CEO Steve Rowe making the changes after saying the firm has finished the ‘Fixing the Basics’ part of its strategy and is ready for the next step.
John Lewis unveils its revamped Edinburgh store on Friday after a major refurbishment. The focus is on making the store a must-visit destination, with experiences and expertise that can’t be replicated online.