Superdry has signed a deal with We aRe SpinDye to boost its “ambitious sustainability goals”. The recycled polyester dyeing specialist said it “hopes to play a significant role in achieving said goals” for the retailer.
H&M reported its Q1 results on Wednesday and swung to a loss, but it said sales are recovering in March. Yet perhaps even more newsworthy was its ongoing effort to overcome its problems in China and “regain trust” there.
The Dallas, Texas- based department store retailer announced on Tuesday that it has completed a refinancing round of $1.1 billion, confirming earlier reports concerning its efforts to repay its borrowings.
The owner of brands including Tommy Hilfiger and Calvin Klein achieved revenue of $2.1 billion in the fourth quarter ended January 31, 2021, representing a year-over-year decrease of 20% from $2.5 billion.
A group of investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China's Xinjiang region, highlighting the challenges for brands trying to maintain business ties.
Donatella Versace has launched Medusa Power Talks, a female-led platform designed to discuss the experiences of women in power in 2021. First guests include Precious Lee, Indya Moore, Irina Shayk and Chelsea Miller.
UK store retailers in England have been handed an added trading bonus with the introduction of extended opening hours. Stores will be able to trade from 7am to 10pm for six days a week when they reopen from 12 April.
Long seen as a bellwether for the health of UK clothing retail, Next will post its annual trading figures on 1 April. And although they're expected to reveal slashed profits last year, the outlook's far from gloomy.
Value retailer Studio Retail said its new CEO is in place. Paul Kendrick has been appointed to the top post as of now, replacing Phil Maudsley who retired and stepped down as a director of the company at the same time.