Harmful chemicals found in major sportswear apparel brands: CEH The Center for Environmental Health (CEH) said on Wednesday it has sent legal notices to several sports bra and athletic shirt brands after testing showed the clothing could expose individuals to…
U.S. retailers fill store shelves with leftover holiday inventory The Ghost of Christmas Past haunts U.S. store shelves, sales floors and stockrooms this year. Retailers were sitting on $548.8 billion of inventory in July, a 21.6% increase from last year,…
Pronovias’ owners inject 110 million euros to refinance the company and improve its liquidity Translated by Roberta HERRERA Last December, the Spanish bridal fashion company PronoviasBain Capital Pronovias’ owners inject 110 million euros to refinance the company and improve its…
Thanksgiving weekend shopping breaks records: NRF A record 196.7 million Americans shopped in stores and online this Thanksgiving weekend, spending an average of $325.44 on holiday-related purchases, according to the annual survey released tuesday by the National Retail Federation and…
Lands’ End swings to loss in 2022, e-commerce hurts revenue count Lands’ End, Inc. announced on Thursday said net revenues for the fiscal year 2022 decreased 5% to $1.56 billion, on the back of double-digit declines in the apparel company’s global…
We Are Knitters sells 10% stake to investor group Translated by Roberta HERRERA We are knitters, the Spanish firm specialized in selling knitting kits, yarn balls and patterns, has sold a 10% stake in its capital to a group of…
Adidas forecasts high single-digit sales decline in 2023 By Reuters API Adidas Adidas The sporting goods maker said not selling its existing Yeezy Writing off the inventory altogether would lead to an additional 500 million euro drop in operating profit,…
Puma signs Skepta as global ambassador to “revolutionise” sports industry Global sports brand Puma Skepta How important is the collab? It’s early days, but Puma promises to deliver details of “new and exciting projects… that will revolutionise the industry… in…
Mango CEO on the brand’s new strategy going forward after a record-breaking FY 2022 Translated by Roberta HERRERA “We have overcome adverse circumstances with a positive attitude and we have managed to beat our investment and sales record in 2022”,…
Castore boosts debt facility to boost expansion After a busy 2022 securing a host of new sporting tie-ups and with further expansion and deals promised for 2023, it’s little wonder Castore has announced new financial support. Castore The premium British…
