H&M Group is diving deep into fashion rental and is now testing subscription rental in China though its innovation department The Laboratory, as well as its COS label and Chinese subscription rental company YCloset.
Primark owner Associated British Foods issued one of the briefest trading updates we’ve seen on Friday — ahead of its annual general meeting — and it didn’t really tell us much about how trading is going at present.
The founders of Boohoo have pocketed £142.5 million after selling a chunk of their shares to take advantage of the company's market gains over the last year. After the placing, they continue to own 15.8% of the business.
Independent fashion retailer M&Co has seen a 27% increase in average order value (AOV) and a significant reduction in returns since implementing smart fit and size recommendations on its e-commerce site.
Joules saw higher H1 sales despite facing the same issues as its peers in tough September. But its sales have picked up in the past two months, even without heavy markdowns, and e-tail and international are strong.
The owner of Donna Karan and DKNY announced a 5.2% increase in sales for the third quarter on Wednesday, a lower than expected increase, which combined with the company’s lowered full-year guidance, sent shares tumbling.
Philip day’s Edinburgh Woollen Mill Group has reported higher profits and expansion in its luxury ops. The multi-brand group made net profit of £23.4m in its latest period with operating margins up to 10.25% from 8.27%.