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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


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


Puma explores eco-friendly dyeing in new biodesign project

16 June 2020 | Hannah Abdulla

German sportswear brand Puma is exploring sustainable alternatives for making and dyeing textiles in its latest biodesign project, which features a biodegradable lifestyle and performance collection.... read more


Puma sees Q1 profits dive by 62%

7 May 2020 | Hannah Abdulla

Puma has booked a 61.6% plunge in first-quarter profits as sales were "heavily impacted" by Covid-19.... 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


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


Coronavirus impacting Puma sales not supply chain

11 March 2020 | Hannah Abdulla

Puma says its global supply chain is in the clear with regard to the coronavirus (Covid-19) outbreak, adding it is not currently at risk apart from minor delays.... 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


Puma warns coronavirus likely to impact Q1 numbers

19 February 2020 | Hannah Abdulla

Puma has warned its first-quarter results will likely be affected by the impact of the coronavirus outbreak in China but remains optimistic about hitting its full-year targets.... 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


Ralph Lauren and Puma join trans-Arctic shipping ban

22 January 2020 | Beth Wright

US fashion business Ralph Lauren Corporation and German sportswear brand Puma are among the latest eight companies to join a pledge led by US sporting goods giant Nike and environmental group Ocean Conservancy to prohibit shipping through the Arctic Ocean.... 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


Puma books strong Q3 but warns on tariff hit

24 October 2019 | Michelle Russell

German sportswear brand Puma has upped its full-year sales forecast after a strong third-quarter in all divisions, and despite expectations of a hit from the US tariffs on China in its final quarter.... 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


Kering to up luxury focus with Puma bonds issue

30 September 2019 | Hannah Abdulla

Apparel firm Kering is taking another step toward streamlining its focus on its luxury portfolio, and has announced plans to further reduce its remaining stake in German sportswear brand Puma.... 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


Puma lifts guidance following positive Q2

31 July 2019 | Beth Wright

German sportswear brand Puma has raised its full-year guidance on the back of "healthy improvement" across all divisions and regions in the second quarter.... read more


Asos shares tumble on FY profit warning

18 July 2019 | Beth Wright

Shares in Asos remained down by more than 17% this afternoon (18 July) as the UK-based online fashion retailer reduced its full-year sales and profit expectations.... read more


Puma pledges to slash GHG emissions by 35%

2 July 2019 | Beth Wright

German sportswear giant Puma has set a new climate goal approved by the Science Based Target initiative (SBTi) to reduce its greenhouse gas emissions by 35% by 2030.... read more


Asos adds responsible filter for eco-friendly items

24 June 2019 | Beth Wright

UK online fashion retailer Asos has unveiled two new features to highlight the environmentally conscious clothing sold on its site and offer customers a way to identify those brands and products more easily.... read more


Asos uses augmented reality to launch virtual catwalk

14 June 2019 | Beth Wright

UK online fashion retailer Asos has launched its first augmented reality (AR) experience - ‘Virtual Catwalk’. ... read more


Puma posts "best ever" quarterly results

29 April 2019 | Hannah Abdulla

German sports apparel and footwear brand Puma has announced a 40% jump in first-quarter net profit, boosted by higher sales.... read more


Puma aims for 90% sustainable cotton and polyester by 2020

23 April 2019 | Hannah Abdulla

German sports apparel and footwear brand Puma has set a new target for 90% of all cotton and polyester used in its products to come from sustainable sources by 2020.... read more


Asos optimistic despite H1 profit plunge

10 April 2019 | Beth Wright

Despite booking what it calls a "disappointing" first-half performance, UK online fashion retailer Asos has posted a double-digit jump in revenues in the period – and continues to far outperform its competitors, according to one analyst.... read more


Puma to use recycled plastic bottles in new line

29 March 2019 | Beth Wright

German sportswear brand Puma is to launch a new sustainable sportswear collection with First Mile, a company that supports low-income communities in Haiti, Honduras and Taiwan by collecting plastic bottles to produce recycled polyester.... read more


Asos shares tumble as H1 growth slows

19 March 2019 | Beth Wright

Shares in Asos remained down by more than 8% this afternoon (19 March) as sales growth slowed at the UK-based online fashion retailer in the first half. ... read more


The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more


Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more


How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more


British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more


Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more


Puma FY profit jumps on stronger sales

18 February 2019 | Hannah Abdulla

German sports brand Puma has reported a 38% profit jump for the year to EUR187.4m (US$211.9m) on the back of stronger sales.... read more


US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more


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