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Brands still failing to deliver on responsible viscose sourcing
A new report has found that while the issue of responsible viscose production is now firmly on the agenda of the fashion industry, there are still brands and retailers failing to deliver on responsible sourcing.
Burberry to stop destroying "unsaleable" goods
British luxury brand Burberry has announced it is to stop the practice of destroying unsaleable products, six weeks after it came under fire on social media over its wastefulness.
Adidas leading the way in tackling leather supply forced labour
Publicly available information reveals very little on how - apart from auditing suppliers – brands and retailers address forced labour risks in countries where they produce hides, process leather, and manufacture leather goods. However, German sportswear giant Adidas marks the exception, new research shows.
Marks & Spencer tops human rights benchmark
UK retailer Marks & Spencer has topped a new benchmark ranking that aims to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.
Prada looks to streamline processes as profit slides
Italian fashion house Prada has said it is reviewing its organisation to streamline processes after reporting a 26.4% profit slide for the first nine months of the year.
Weak Asia-Pacific sales weigh on Prada H1 profit
Italian fashion house Prada has said it will continue to review its business processes, after posting a 23% decline in first-half profit.
Prada Q1 earnings slide on Asia headwinds
Italian fashion house Prada saw earnings in its first-quarter slide as the company faced headwinds and difficult market conditions in Asia Pacific.
Prada FY hit by slowdown in growth
Italian fashion house Prada said a slowdown in the rate of growth and an increase in costs linked to retail network expansion hit operating margins in its last fiscal.
Prada taking action as Q3 profit slides
Italian fashion house Prada has said it is taking further action to improve its operating performance after revealing a drop in third-quarter earnings and sales.
Prada merges with parent Gipafin Sarl
Italian fashion house Prada is to merge with parent company Gipafin Sarl by the end of the year as part of a corporate streamlining process.
Top stories this week on just-style...
The most-read stories on just-style this week include the news that Prada has acquired a French leather tannery, an analysis on how product lifecycle management (PLM) systems can speed up processes from design to delivery, and plans by China's Jiangsu Lianfa to build US$44m a textile plant in Kenya.
Prada buys France's Tannerie Mégisserie Hervy
Italian fashion house Prada has acquired Tannerie Mégisserie Hervy, an historical French leather tannery located in Isle, near Limoges.
ITALY: Prada H1 profit falls on Europe weakness
Italian fashion house Prada has booked a drop in first-half earnings due to weakness in Europe, and said there are no signs of improvement in the short term.
ITALY: Asia and Europe slow Prada H1 sales growth
Italian fashion house Prada has seen sales growth slow during the first half, due to unfavourable exchange rates and weaker demand in Asia and Europe.
US: Spanx appoints former Nike exec Singer as CEO
US-based intimate apparel brand Spanx has hired former Nike global apparel and footwear executive, Jan Singer, as its chief executive officer.
ITALY: Prada in 24% first-quarter profit decline
Italian fashion house Prada says it does not expect unfavourable foreign exchange trends to weigh on growth plans, after posting a 24% decline in first-quarter profit.
WORLD: Top 10 apparel brands now worth US$100bn
The world’s top 10 apparel brands have grown in value by 29% and are now worth close to US$100bn, according to the 2014 Brandz Top 100 Most Valuable Global Brand rankings.
ITALY: Prada share price slips amid slower profit growth
Italian fashion house Prada saw its share price fall slightly today (2 April) after booking a less than 1% increase in annual net profit.
ITALY: Prada appoints Bianchi as co-CEO
Italian fashion house Prada has confirmed the appointment of chairman Miuccia Prada Bianchi as co-CEO.
ITALY: Prada FY sales growth misses expectations
Italian fashion house Prada booked full-year sales that missed analyst expectations today (13 February), amid economic weakness in Europe and a stronger Euro.
ITALY: Prada Q3 profit boosted by sales growth
Italian fashion house Prada posted a 9% increase in third-quarter profit, helped by higher demand in the Middle East and the Americas, and ongoing store expansion.
US: Stuart Weitzman appoints Kress global president
US footwear retailer Stuart Weitzman Holdings has appointed Francois Kress to the role of global president.
ITALY: Retail surge drives Prada H1 profit
Italian fashion house Prada’s eponymous core brand and leather goods led a double-digit revenue rise in the first half, boosting profit by 7.6% on last year.
UPDATE: UK: Church & Co to lift production capacity by 25-30%
UK upscale footwear maker Church & Co says it expects to increase its production capacity by 25-30% and bring additional operations in house as part of new expansion plans.
UK: Church & Co factory expansion to create 150 jobs
UK footwear maker Church & Co, which is owned by Italian luxury group Prada, has unveiled plans to expand its production capacity and create 150 new jobs.
RFID: What retailers can expect in-store
Omni-channel retailing has revolutionised the way people shop, with consumers now able to buy and research products online, on a tablet or on a smart phone. And there appears to be great potential to leverage RFID for even greater benefits, including smart shelves, mirrors, and fitting room interaction.
QATAR: Prada expands footprint with first store
Italian luxury brand Prada has expanded its international footprint by opening its first store in Qatar.
JAPAN: Prada opens first freestanding store
Italian luxury fashion brand Prada has opened its first freestanding store in Japan.
FRANCE: Bellettini to take helm at Yves Saint Laurent
Francesca Bellettini has been named as the new chief executive officer at luxury label Yves Saint Laurent, replacing Paul Deneve who has resigned to take up a new post in another industry.
ITALY: Prada posts Q1 growth driven by Asia and retail expansion
Italian luxury brand Prada saw first quarter profits rise, driven by growth in Asia and in the retail channel.
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Insights
- Covid-19 could shrink US apparel sales by 50%
- US apparel imports recover in June
- Pandemic top concern for US fashion firms
- Operational planning for an online fashion future
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News
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- Adidas moves to a loss in Q2 as sales slide
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