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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


Napapijri receives gold Cradle to Cradle certification

10 July 2020 | Beth Wright

VF Corp's casualwear brand Napapijri has received gold-level certification for its Circular Series of recyclable jackets from the Cradle to Cradle Products Innovation Institute.... 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


US retail stores close amid civil unrest across the country

3 June 2020 | Michelle Russell

Adidas and Target Corp are among a number of retailers in the US to have closed stores or postponed openings in response to the civil unrest taking place across the country over the killing of George Floyd by a white police officer.... 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


VF Corp aligns with post-pandemic health and wellness shift

20 May 2020 | Leonie Barrie

Apparel powerhouse VF Corp believes it is well-positioned to emerge as a winner from the coronavirus crisis – with an increased consumer focus on the outdoors, health and wellbeing set to boost its activity-based lifestyle brands.... read more


VF Corp takes step to explore virtual reality

15 May 2020 | Beth Wright

Technology company Cemtrex says it has received an order from apparel giant VF Corporation to build a virtual reality (VR) application for corporate and third party use, aimed at creating a better retail experience for consumers. ... 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


VF Corp warns of full-year sales decline

21 April 2020 | Michelle Russell

VF Corp has seen its share price fall as the US apparel giant said it expects to report lower sales for the full year. ... 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


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


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


VF Corp closes "industry-first" EUR500m green bond

28 February 2020 | Beth Wright

Apparel giant VF Corp has closed its inaugural EUR500m (US$551.5m) green bond offering, the proceeds of which will be used to fund progress on its environmental and social responsibility commitments. ... read more


VF Corp offers notes to fund sustainability projects

19 February 2020 | Michelle Russell

Apparel giant VF Corp is offering EUR500m (US$540m) in unsecured notes to investors, with plans to use the proceeds to fund a number of sustainability projects.... read more


60% of VF Corp China stores closed due to coronavirus

7 February 2020 | Beth Wright

US apparel giant VF Corp says about 60% of its owned and partner stores in China have been temporarily closed due to efforts to mitigate the spread of coronavirus – but notes it is not yet possible to gauge the impact on its supply chain.... 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


VF Corp weighs up future for its workwear brands

21 January 2020 | Beth Wright

US apparel giant VF Corp is to look at strategic alternatives for the occupational portion of its work segment as part of ongoing efforts to focus on its higher-growth, consumer-focused brands.... read more


TAL Apparel, VF Corp and Zalando join Global Fashion Agenda

16 January 2020 | Beth Wright

TAL Apparel, VF Corporation, and Zalando have become the latest companies to join Global Fashion Agenda's associate partners circle, who will all contribute with insights from various parts of the supply chain.... read more


Jim Pisani to step down as Timberland brand president

16 January 2020 | Beth Wright

Jim Pisani is to step down as global brand president of Timberland after three and a half years in the role.... 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


VF Corp eyes 30% in supply chain carbon emissions by 2030

6 December 2019 | Beth Wright

Apparel and footwear giant VF Corp has set new targets to slash its carbon emissions over the next decade, including a 30% absolute reduction of Scope 3 greenhouse gas emissions focusing on farm-to-retail materials, sourcing operations and logistics.... 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


Timberland apparel reaches 100% responsibly sourced cotton

18 October 2019 | Beth Wright

Outdoor lifestyle brand Timberland continues to progress towards its 2020 sustainability goals, with all of the cotton used by its global apparel production team in the second quarter responsibly-sourced.... 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


The North Face launches first Futurelight waterproof apparel

4 October 2019 | Leonie Barrie

The North Face has launched the first outerwear garments featuring its new FutureLight waterproof fabric that is soft, light, flexible and comfortable – but also durable and sustainably designed.... 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


Pilot project to pay garment workers digitally in Egypt & Cambodia

27 September 2019 | Beth Wright

Levi Strauss & Co, Marks & Spencer, and VF Corporation have partnered with Mastercard on a global effort to pay garment factory workers digitally with the group coordinating pilots in Egypt and Cambodia.... read more


VF Corp strategic plan to focus on digital and big brands

26 September 2019 | Michelle Russell

VF Corp has targeted double-digit earnings growth through to 2024 and outlined a new strategic plan that will see the apparel giant distort investments to Asia, prioritise digital, and optimise its portfolio with a focus on its biggest brands.... read more


VF Corp suspends Brazilian leather sourcing

4 September 2019 | Hannah Abdulla

VF Corp, the owner of brands including Timberland and Vans, has stopped sourcing leather and hides from Brazil until it can be sure suppliers do not contribute to environmental harm in the country.... read more


The North Face parka first to feature Brewed Protein fibres

3 September 2019 | Beth Wright

What is said to be the world's first outerwear jacket made with protein material produced via microbial fermentation is due to be released later this year under a collaboration between Japanese biotech startup Spiber and The North Face Japan (Goldwin).... 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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