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Zalando expects Q1 sales to rise by up to 48%

21 April 2021 | Beth Wright

German fashion e-tailer Zalando expects first-quarter results above market expectations as a result of a stronger-than-expected start to the spring-summer season as well as a lower-than-expected return rate. ... read more

Delta Apparel expects 12% sales hike in Q2

21 April 2021 | Beth Wright

Activewear and lifestyle apparel maker Delta Apparel expects to see a 12% rise in net sales for the second quarter, with CEO Robert Humphreys hailing an "outstanding" performance by the firm's Activewear business.... read more

Primark hails record sales as stores in England and Wales reopen

20 April 2021 | Beth Wright

Primark parent company Associated British Foods (ABF) has announced it will repay the GBP121m (US$168.91m) for which it was eligible under government job retention schemes and says stores in England and Wales have delivered record sales in the first week after reopening.... read more

Top stories this week on just-style...

16 April 2021 | Beth Wright

Top stories this week on just-style include an interview with Edwin Keh, CEO of the Hong Kong Research Institute of Textiles and Apparel (HKRITA), on why the industry must move away from doing less bad and refocus on doing more good. There's also a look at why sustainability must be top of mind as the industry begins to reset after Covid-19, garment factories are exempt from a new lockdown that began in Bangladesh, and Myanmar's clothing industry is continuing to struggle to operate effectively following February's military coup.... read more

US Q4 in brief – Citi Trends, The Buckle, Guess

16 April 2021 | just-style

The latest fourth-quarter filings from US apparel and footwear brands and retailers show while some companies are beginning to recover from the market disruption caused by the Covid-19 pandemic, others are continuing to struggle.... read more

American Eagle Outfitters Q1 sales on track to top $1bn

15 April 2021 | Beth Wright

US apparel brand American Eagle Outfitters (AEO) says business is exceeding expectations with first-quarter revenue on track to top US$1bn, a mid-teens increase on the same period a year ago and pre-Covid-19.... read more

Quiz sees FY sales tumble 66% on Covid impact

14 April 2021 | Beth Wright

Fashion brand Quiz says its full-year revenues were impacted by prolonged periods of stores and concessions closures, as well as the material detrimental impact on demand for its trademark occasionwear as social events and activities were curtailed.... read more

UK online clothing sales boosted by return of social events

13 April 2021 | Beth Wright

Despite the upcoming end of lockdown and promise of in-person shopping, online retail sales continued to show strong growth in March, with clothing retailers enjoying another good month as consumers began to ready their wardrobes for the return of social occasions.... read more

JD Sports ends year with sales growth

13 April 2021 | Beth Wright

Sports retail giant JD Sports Fashion Plc has emerged from a year of disruption in a position of sales growth, one analyst says, with revenues for the year up GBP56.5m (US$77.8m) on the previous twelve months. ... read more

Urban Outfitters taps new Anthropologie boss

13 April 2021 | Beth Wright

Urban Outfitters, Inc has named former Tilly's chief merchandising officer Tricia Smith as global CEO of Anthropologie amid the news its total retail comparable net sales during the first quarter so far have increased by high single-digits on last year. ... read more

Asia Pacific Rayon secures funding for expansion

12 April 2021 | Michelle Russell

Asia Pacific Rayon (APR), a vertically integrated producer of viscose rayon, is to expand its operations in Indonesia thanks to the approval of a US$300m loan.... read more

Nike remains world’s most valuable apparel brand

12 April 2021 | Beth Wright

The total value of the world’s top 50 most valuable apparel brands has declined by 8%, decreasing from US$301.9bn in 2020 to US$276.4bn in 2021 – but US sporting goods giant Nike hangs on to its top spot for the seventh consecutive year. ... read more

Levi Strauss ups H1 outlook on strong start to 2021

9 April 2021 | Beth Wright

Jeans giant Levi Strauss & Co has raised its guidance for the first six months after making a strong start to the year and beating internal expectations for the first quarter. ... read more

Asos eyes GBP500m in fundraising to drive global growth

9 April 2021 | Beth Wright

UK online fast fashion retailer Asos is looking to raise GBP500m (USS$686.1m) through an unsecured guaranteed convertible bond offering to help drive its global growth plans.... read more

Frasers Group now expects Covid hit to reach GBP200m

9 April 2021 | Beth Wright

Frasers Group, the owner of retailers including House of Fraser, Sports Direct and Flannels, expects the impact of the Covid-19 pandemic to hit the company twice as hard as initially expected amid concerns of a potential third wave and more temporary store closures.... read more

Top stories this week on just-style...

9 April 2021 | Beth Wright

Top stories this week on just-style were dominated by the ongoing fallout from the Ever Given blockage of the Suez Canal – especially concerns about delays and container shortages impacting European garment supply chains. We also took a look at the consequences of delivery delays on contracts. Elsewhere, garment workers agreed minimum terms that would improve fashion brands' purchasing practices, and Li & Fung launched a new company to invest and operate digital ventures focused on driving sustainable consumption.... read more

Fast Retailing hikes outlook after better than anticipated H1

8 April 2021 | Hannah Abdulla

Fast Retailing, the Uniqlo and Gu brand owner has seen profits jump 5.4% to JPY105.8bn (US$968m) for the half-year to February 2021.... read more

Asos fashion crown remains firmly in place - What the analysts say

8 April 2021 | Michelle Russell

UK online fast fashion retailer Asos has continued to reap the benefits of the pandemic lockdown, as consumers choose to shop online. The company saw its customer base soar by 1.5m in the first six months of the year, with sales growth recorded at home and across all its international channels. Analysts offer their thoughts on the retailer's first-half performance.... read more

Asos H1 profits soar as more shoppers shift online

8 April 2021 | Michelle Russell

Online fast fashion retailer Asos has seen its first-half profit soar thanks to an increase in its customer base, but the company remains cautious about the remainder of the year.... read more

Fashion chain Peacocks rescued from administration

6 April 2021 | Beth Wright

Fashion retailer Peacocks has been bought out of administration by an international investment consortium backed by Edinburgh Woollen Mill's chief operating officer Steve Simpson.... read more

Influencer marketing boosts In The Style ahead of AIM float

6 April 2021 | GlobalData Retail

In The Style's influencer-led proposition clearly resonated with shoppers prior to Covid-19, and the pandemic boosted its fortunes as young shoppers flocked online, with sales increasing by 169% to GBP13.5m in the 13 weeks to 31 December 2020. ... read more

Next optimistic on year ahead despite FY profits halving

1 April 2021 | Michelle Russell

UK clothing and homeware retailer Next Plc saw its profits halve last year but has upped its earnings forecast thanks to strong online sales.... read more

Top stories on just-style in March...

1 April 2021 | Beth Wright

Top stories on just-style in March include an interview with Sanjeev Bahl, CEO of Vietnam-based ethical denim manufacturer Saitex, and a look at the US apparel and footwear industry's most pressing trade matters for 2021. Elsewhere, we look at the new laws of garment sourcing, how the UK government plans to support sustainable fashion, and how global fashion brands are being urged not to trade their human rights principles for market access, despite facing a barrage of commercial retaliation in China over their statements against the use of forced Uyghur labour. ... read more

Top stories this week on just-style...

1 April 2021 | Beth Wright

Top stories this week on just-style were again dominated by events around forced labour in China's Xinjiang cotton-hub, with fashion brands urged not to trade their human rights principles for market access amid the threat of consumer boycotts. Elsewhere, the impact on global trade from the blockage of the Suez Canal is likely to be felt for some time, and Gap Inc announces plans to sell its Janie and Jack business.... read more

H&M Group swings to Q1 loss as Covid bites

31 March 2021 | Beth Wright

Swedish fashion retailer H&M Group has moved to a loss for the first quarter, as the second wave of the Covid-19 pandemic resulted in extensive restrictions.... read more

Lululemon investment boosts Q4 growth

31 March 2021 | Michelle Russell

Canadian athletic apparel retailer Lululemon has booked strong growth in the fourth quarter thanks to investment in its direct-to-consumer channel and good management of expenses.... read more

UK fashion sector "disappointed" over US ‘tech tax’ threat

30 March 2021 | Michelle Russell

The UK's fashion and textile sector has expressed its disappointment over the potential implementation of tariffs of up to 25% by the US on a raft of items, including clothing, in retaliation over a UK tax on technology firms.... read more

Top stories this week on just-style...

26 March 2021 | Leonie Barrie

Top stories this week on just-style were dominated by events around forced labour in Chinese cotton hub Xinjiang.  Western nations imposed fresh sanctions on Chinese officials involved in the mass internment of Uyghur Muslims in Xinjiang – a move applauded by footwear, apparel and textile industry bodies. But Chinese consumers also launched social media campaigns calling for a boycott of brands that have banned the raw material.... read more

US bill wants public companies to disclose Xinjiang links

26 March 2021 | Leonie Barrie

Legislation has been reintroduced in the US that would require publicly traded companies to report any links to Xinjiang forced labour as part of their annual disclosure to investors.... read more

JD.com to drive on-demand with $800m Dada investment

23 March 2021 | Michelle Russell

Chinese e-commerce giant JD.com has invested US$800m to increase its stake in on-demand delivery and retail platform Dada Group.... read more

Acquisitive venture backed by Lululemon chair begins trading

22 March 2021 | Michelle Russell

KKR Acquisition Holding Corp, a company backed by private equity firm KKR & Co and Glenn Murphy, the chairman of Lululemon Athletica Inc, has begun trading after raising US$1.2bn in an IPO.... read more

Amazon named top seller of apparel in US

19 March 2021 | Beth Wright

Amazon has been named as the top seller of apparel in the US, with its sales of clothing and footwear in the region up by 15% in 2020.... read more

Focus on direct-to-consumer ticks the boxes for Nike

19 March 2021 | GlobalData Retail

Nike's fortunes have been lifted by growth in Greater China as sales in the region in Q3 FY2020/21 rose by 51.3%, though the comparative period last year was impacted by Covid-19 store closures. Revenue in North America, however, fell by 10.4% as it faced major supply chain issues and continued to suffer from weakened consumer confidence.... read more

Top stories this week on just-style...

19 March 2021 | Beth Wright

Top stories this week on just-style include a look at if consumers will buy clothes as they did before the pandemic, and four key US apparel import trends to watch in the year ahead. Elsewhere, a number of Chinese-owned garment factories in Myanmar have been burned as violence across the country continues to unfold, and clothing manufacturers in Turkey complain of more ill-treatment by major brands.... read more

US apparel retailers in the doldrums as sales fall in February

17 March 2021 | Beth Wright

US retail sales gained considerable year-over-year traction in February – despite a monthly slowdown from unusually high numbers in January – but demand for clothing waned as social events and spring break vacations remain firmly off the agenda.... read more