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Asos pulls through pandemic with "robust" momentum

15 July 2020 | Michelle Russell

UK online fast fashion retailer Asos appears to be pulling through the coronavirus pandemic relatively unscathed as it booked higher sales in its third-quarter and offered an optimistic outlook for the full year. Analysts believe the group's flexible business model and a "robust" momentum in the business put Asos in a good position moving forward.... read more


PVH to axe 450 jobs and close Heritage Brands Retail business

15 July 2020 | Beth Wright

PVH Corp is to slash its North American corporate workforce by about 12% and exit its outlet store Heritage Brands Retail business as the group looks to align its operations in the region with the evolving retail landscape. ... read more


Asos optimistic on outlook as Q3 sales grow 10%

15 July 2020 | Michelle Russell

Online fast fashion retailer Asos has said it expects full-year earnings to come in at the top end of market expectations after sales rose 10% in the third quarter thanks to an improvement in demand.... read more


PVH Corp outlines progress on Forward Fashion priorities

10 July 2020 | Beth Wright

Calvin Klein and Tommy Hilfiger owner, PVH Corp, has published its first corporate responsibility (CR) report since the launch of its new sustainability strategy last year, with highlights including sharing living wage data for the first time and sourcing approximately 50% of its cotton footprint sustainably in 2019.... read more


US Q1 in brief – Macy's, Stein Mart, Francesca's

2 July 2020 | just-style

In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Macy's, Inc has posted a US$3.58bn loss, while Stein Mart reported a 57% tumble in sales. Elsewhere, PVH Corp has reported an "unprecedented" decline in revenue and earnings and sales at Zumiez have fallen by more than a third.... read more


Innovation and transparency key to future of denim, says PVH

24 June 2020 | Michelle Russell

Innovation and transparency are key to the future of denim, according to apparel giant PVH Corp, owner of the Tommy Hilfiger and Calvin Klein brands.... read more


Retailers begin to outline store reopening plans – Update

16 June 2020 | just-style

Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.... read more


Martijn Hagman to lead Tommy Hilfiger Global

3 June 2020 | Beth Wright

Apparel giant PVH Corp has promoted Martijn Hagman as CEO of Tommy Hilfiger Global and PVH Europe, succeeding company veteran Daniel Grieder.... read more


US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp

21 May 2020 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has posted a fall in both earnings and revenue, while VF Corp and PVH Corp have both reported a net loss. Elsewhere, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall.  ... read more


Asos scales up use of augmented reality to weather Covid-19 storm

6 May 2020 | Beth Wright

UK online fashion retailer Asos is ramping up its use of augmented reality (AR) technology to simulate real-life model photography in response to the Covid-19 pandemic.... read more


Global retail staff and salary reductions amid Covid-19 – Update

1 May 2020 | just-style

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:... read more


Alignment on denim sustainability is key to avoid greenwashing

27 April 2020 | Michelle Russell

Alignment on the definition of sustainability, and a holistic approach to the issue across the whole supply chain from seed to consumer, is key to tackling the issue in the global denim industry, according to apparel giant PVH Corp, owner of the Tommy Hilfiger and Calvin Klein brands.... read more


Global retail closures as coronavirus spreads – Update

15 April 2020 | just-style

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. ... read more


PVH's Stitch Accelerator to fast-track 3D design goals

14 April 2020 | Michelle Russell

Software specialist Browzwear is broadening its partnership with PVH Europe's tech incubator Stitch on a training and certification programme to prepare up-and-coming designers and product developers for 3D design and digital workflows.... read more


Asos posts "record" H1 profits but virus impact starting to weigh on sales

8 April 2020 | Hannah Abdulla

Asos has posted record first-half revenues and profits, but the impact of coronavirus on the most recent three weeks of trading has prompted the UK online fashion retailer to conduct a share sale to shore up its finances, from which it has raised GBP247m (US$306m).... read more


PVH Corp redeploying and repurposing inventories

7 April 2020 | Leonie Barrie

Apparel giant PVH Corp, owner of the Calvin Klein and Tommy Hilfiger brands, is trying to offset the fallout from store closures across North America and Europe by reducing and redeploying its inventory commitments.... read more


Asos lowers operational carbon reduction on orders

3 March 2020 | Michelle Russell

Online fast fashion retailer Asos has achieved a 30% reduction in operational carbon emissions per order over the last four years, but says customer delivery remains the most material part of its footprint and is a "continued focus".... read more


PVH closes majority of China stores on coronavirus

13 February 2020 | Beth Wright

Apparel giant PVH Corp has temporarily closed the majority of its Calvin Klein and Tommy Hilfiger stores in China amid the coronavirus outbreak. ... read more


US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco

5 February 2020 | just-style

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. ... read more


Record Black Friday drives better than expected Asos sales

23 January 2020 | Beth Wright

Asos has reported an "encouraging" start to its new financial year as a record Black Friday weekend helped drive a better than expected sales performance with double-digit retail revenue growth.... read more


Asos harnesses augmented reality for fit tool trial

15 January 2020 | Beth Wright

Asos has become the first retailer in Europe to trial a new Augmented Reality (AR) tool that offers consumers a simulated view of a garment in different sizes and on different body types to help drive more informed purchases.... read more


Tom Chu named regional president PVH Asia Pacific

10 January 2020 | Leonie Barrie

PVH Corp, one of the world’s largest apparel companies and owner of iconic brands including Calvin Klein and Tommy Hilfiger, has promoted Tom Chu to regional president of PVH Asia Pacific... read more


PVH contributes US$1m to sustainability education hub

6 January 2020 | Michelle Russell

US apparel giant PVH Corp is making a US$1m contribution to the Gabelli School of Business at Fordham University in New York, to help establish an academic hub for the study of corporate responsibility and sustainability.... read more


PVH Corp GHC targets get science based approval

18 December 2019 | Michelle Russell

Two new climate goals from US apparel giant PVH Corp have been approved by the Science-Based Target initiative (SBTi), helping the company move closer to a zero-carbon economy.... read more


PVH outlines new forest protection policy

17 December 2019 | Beth Wright

Apparel giant PVH Corp has launched a new Forest Protection Policy as part of a bid to move away from forest fibre in its packaging and viscose supply chains.... read more


Fashion industry pilot to produce first circular polybag

12 December 2019 | Beth Wright

A new pilot project aims to reduce the use and impact of virgin polybags in the fashion industry by developing a fully circular solution based on recycled content.... read more


How cutting-edge technologies can track organic cotton

22 November 2019 | Beth Wright

A pilot project that combines on-product markers and blockchain technology to trace organic cotton from farm to consumer – a first in the apparel industry – has been deemed so successful that it could be implemented on a wider scale in the organic cotton sector and shows "enormous potential" as an end-to-end traceability solution for other preferred fibres in the fashion supply chain.... read more


Tommy Hilfiger eyes 100% 3D apparel design by 2022

8 November 2019 | Beth Wright

The Tommy Hilfiger brand is aiming for its its spring 2022 collections to be completely designed using 3D technology, in a move that builds on its target to digitise its end-to-end value chain.... read more


US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores

1 November 2019 | just-style

In the latest second-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered what CEO Jim Conroy called an "outstanding" second-quarter, VF Corp has reaffirmed its full-year outlook, and Oxford Industries has posted its tenth consecutive quarter of consolidated comparable sales growth. Elsewhere, Genesco moved to a profit, while G-III Apparel Group has revised its full-year guidance in the wake of Trump's latest tariff hike. ... read more


Has Asos taken on too much? What the analysts say

16 October 2019 | Beth Wright

UK online fashion retailer Asos has blamed warehouse issues in the US and EU, along with restructuring costs and slowing international sales for a 68% drop in pre-tax profit to GBP33.1m. The news, analysts say, proves the company has taken on too much with its "overambitious" plans. ... read more


Asos FY profits tumble amid "disruptive" year

16 October 2019 | Beth Wright

Shares in Asos surged by more than 17% this morning (16 October) as the UK-based online fashion retailer reported a "disappointing" full-year performance marred by warehouse automation and restructuring issues.... read more


Apparel brands join forces to tackle global packaging supply chain

3 October 2019 | Beth Wright

Apparel industry heavyweights H&M, VF Corp, Kontoor Brands and Asos are among ten companies that have committed to a new initiative launched by environmental not-for-profit Canopy to transform the impacts of the global packaging supply chain on forests.... read more


PVH slashes outlook amid trade tensions

30 August 2019 | Hannah Abdulla

Calvin Klein owner PVH Corp has slashed its full-year outlook for the second time in under a year, attributing the move to the ongoing trade war between China and the US, and protests in Hong Kong.... read more


PVH boss Chirico joins UN Global Compact board

29 August 2019 | Hannah Abdulla

The UN Global Compact has named PVH Corp boss Emmanuel Chirico to its board in the hope his "wealth of experience in driving sustainability in the private sector" will help the body in its goal to create a global movement of sustainable companies and stakeholders.... read more


Asos seeks supplier discount to offset investment costs

21 August 2019 | Hannah Abdulla

UK fashion e-tailer Asos has requested a cut in prices from suppliers to help offset ongoing investments in the business to drive sales and growth.... read more


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