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True Fit raises $30m as revenue soars

True Fit raises $30m as revenue soars

True Fit has raised new funding with a $30m cash injection as it also reported impressive revenue growth. The data and software firm said it has raised the finance as the $2trn apparel market has shifted online fast.
Fashion
UK retail sales rise, fashion is key driver, say BRC and Barclaycard

UK retail sales rise, fashion is key driver, say BRC and Barclaycard

​More evidence came through on Tuesday showing that fashion was a key driver of retail spending in the UK last month. Two regular monthly reports (from the BRC and Barclaycard) called out fashion as a star category.
Fashion
Bottega Veneta denies it's destocking after Daniel Lee items spotted at TK Maxx

Bottega Veneta denies it's destocking after Daniel Lee items spotted at TK Maxx

​Bottega Veneta has denied destocking inventory created under its now-departed creative chief Daniel Lee after items appeared on the rails of TJX’s UK discount retail chain TK Maxx.
Fashion
Palace teams up with Harrods on Christmas collection, pop-up

Palace teams up with Harrods on Christmas collection, pop-up

British skateboarding label Palace is teaming up with iconic London department store Harrods to launch an exclusive collection and pop-up. 
Fashion
Zara launches into Zepeto metaverse via collaboration with South Korean label Ader Error

Zara launches into Zepeto metaverse via collaboration with South Korean label Ader Error

Targeting Gen Z consumers, the Spanish fashion chain has teamed up with the South Korean fashion collective to launch its first virtual collection, available also physically, another step toward a premium positioning.
Fashion
Luxury sportswear growing faster than traditional high-end fashion, says Deloitte

Luxury sportswear growing faster than traditional high-end fashion, says Deloitte

Luxury sportswear brands, such as Golden Goose, Stone Island and Barbour, dominate Deloitte's global ranking of the top 20 fastest-growing labels, in which Moncler is making an appearance for the sixth consecutive year. 
Fashion
Electronic payments rule as cash-carrying narrows in UK - report

Electronic payments rule as cash-carrying narrows in UK - report

More than half of Britons (52%) now claim they never take notes or coins with them on routine trips, instead using their mobile phone to make payments, according to a nationwide survey. 
Fashion
West End footfall "flatlines" despite busy Saturday, other cities are weak

West End footfall "flatlines" despite busy Saturday, other cities are weak

​Footfall in London’s West End was flat in the week starting November 29, The New West End Company said on Monday. That was despite NWEC reporting a big week-on-week increase on Saturday.
Fashion
Malmö Designer Village planned for 2025 debut, to be Scandinavia's largest

Malmö Designer Village planned for 2025 debut, to be Scandinavia's largest

​Sweden is to host Scandinavia’s largest designer outlet village with the project’s first phase set to open in summer 2025 while phase two will follow in autumn 2027.
Fashion
Engine Capital urges Kohl's to consider e-commerce separation

Engine Capital urges Kohl's to consider e-commerce separation

U.S.-based hedge fund Engine Capital LP is urging Kohl's Corp (KSS.N) to consider a sale of the company or a separation of its e-commerce business, The Wall Street Journal reported on Sunday.
Fashion
Alibaba names Toby Xu as CFO

Alibaba names Toby Xu as CFO

Alibaba Group Holding said Toby Xu, will succeed Maggie Wu as the company's chief financial officer from April, a move it described as part of the company's leadership succession plan.
Fashion
Macy's reliance on stores for e-commerce weighs on mulled split

Macy's reliance on stores for e-commerce weighs on mulled split

Macy's Inc is grappling with how to make its e-commerce business a standalone company without losing customers who rely on its department stores to pick up or return items they bought online.
Fashion
PayPal says 'buy now, pay later' volumes surged 400% on Black Friday

PayPal says 'buy now, pay later' volumes surged 400% on Black Friday

Volumes on PayPal Inc's 'buy now, pay later' platform were five times higher this Black Friday compared with a year earlier as the payments giant starts to gain traction in the fast-growing credit method.
Fashion
German Covid-19 rules put off shoppers, says retailer group

German Covid-19 rules put off shoppers, says retailer group

The tighter restrictions Germany has introduced to try to limit the spread of Covid-19 are putting people off from shopping in the usually busy run-up to Christmas, the country's association of retailers said on Sunday.
Fashion
Balenciaga planning launch of department dedicated to metaverse

Balenciaga planning launch of department dedicated to metaverse

Following an incursion into gaming last year, the Parisian label has announced plans to take a deep dive into the virtual world with the creation of a dedicated metaverse service. 
Fashion
Istituto Marangoni links with Katie Grand on mentorship projects

Istituto Marangoni links with Katie Grand on mentorship projects

​Istituto Marangoni London has collaborated with fashion publishing expert and creative consultant Katie Grand. She will stage a series of masterclasses and workshops.
Fashion