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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
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
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
​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
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
JD Sports faces investor rebellion over Cowgill bonus

JD Sports faces investor rebellion over Cowgill bonus

Bonuses paid out to JD Sports Fashion executive chairman Peter Cowegill have come under fire with advisory firm Glass Lewis recommending shareholders vote against the firm's “inappropriate” pay policy.
Fashion
John Lewis widens fashion brand offer via webstore

John Lewis widens fashion brand offer via webstore

​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.
Fashion
Ted Baker hit hard by lockdowns but is now "in a much stronger place"

Ted Baker hit hard by lockdowns but is now "in a much stronger place"

​Ted Baker’s twice-delayed full-year results looked grim on Monday as the fashion retailer announced a 44%+ drop in revenue and a pre-tax loss that widened by almost 39%. But its CEO was upbeat about its prospects.
Fashion
Ferrari debuts in fashion with a Generation-Z collection

Ferrari debuts in fashion with a Generation-Z collection

Ferrari, with its prancing stallion symbol, may be the ultimate masculine luxury symbol of Italy. But when it launched its first fashion collection this weekend there were more girls than guys on its catwalk.
Fashion
London Fashion Week opens with Bethany Williams, Auroboros, Qasimi and eco-responsibility

London Fashion Week opens with Bethany Williams, Auroboros, Qasimi and eco-responsibility

An almost entirely digital London Fashion Week opened Saturday with humanitarian and eco-responsible visions, best exemplified by Bethany Williams, the socially engaged designer who has long used recycled garments.
Fashion
Amazon raises minimum pay in Germany to 12 euros per hour

Amazon raises minimum pay in Germany to 12 euros per hour

Amazon will guarantee an entry-level wage at its German warehouses of 12 euros ($15) an hour, the company said on Friday in the face of a long-running battle with a top labour union.
Fashion
Stella McCartney heads to G7, at BFC Forum says eco is "the future of fashion"

Stella McCartney heads to G7, at BFC Forum says eco is "the future of fashion"

One of fashion’s biggest names has issued a warning to the fashion sector not to get too complacent about current green drives as there’s a lot more work to be done, with legislation also needed. 
Fashion
John Lewis improves employee support programme, extending parental leave

John Lewis improves employee support programme, extending parental leave

John Lewis Partnership, the UK’s largest employee-owned retailer, has improved its support package for working families and young people leaving the care system.
Fashion
​Gee joins Grosvenor Group, set to become chair of its Britain & Ireland board

​Gee joins Grosvenor Group, set to become chair of its Britain & Ireland board

Grosvenor Group has appointed Melanie Gee, initially as a non-executive director, with a view to her becoming chair of the Grosvenor Britain & Ireland (GBI) board. She is set to succeed Jonathon Bond from September.
Fashion
Fast fashion still uses too many virgin synthetics - report

Fast fashion still uses too many virgin synthetics - report

Must do better. Nearly half the women's clothes being sold by leading UK-based online retailers are still made entirely from new plastics, according to a Royal Society for the Arts (RSA) report. 
Fashion