PARIS — Hard-pressed to reverse a string of missteps, Hennes & Mauritz AB unveiled plans for a new discount marketplace as it outlined its strategy to catch up with nimbler fast-fashion peers. But in a sign the Swedish retailer faces an uphill battle, investors sent shares to their lowest level in a decade, falling 10 percent to close at 139.34 kronor. The company on Wednesday reported a 13 percent dip in full-year profit, figures that highlighted its struggle adapting to a rapid shift toward digital consumption. Adding to its challenges, executives acknowledged missteps in offering the right product assortment in recent months, and said they don’t expect an improvement in sales and profit until the second half of 2018. H&M also finds itself challenged by other industry players doing a better job producing and delivering fashionable clothing at breakneck speed. “While H&M was once a pioneer, it now looks like the company has failed to keep up,” said Pedro Aguilar, senior beauty and fashion analyst at Euromonitor International. The analyst noted the company’s reliance on production in Asia means it has longer average lead times than rival Inditex, which produces in its home market of Spain and nearby countries. Meanwhile, he added, online fast-fashion players such as Asos andRead More...
WeChat mini-programs are making it possible for influencers to open their own, highly lucrative, e-commerce operations on China's biggest social media platform.
A new study conducted by Bank of America, reveals one of the top reasons the demographic heavily hunts for deals.
The five-year community project will work with groups that reside in rural areas which rely on agriculture and livestock such as cashmere goats.
Revenue for the quarter was up 56 percent year-over-year.
He is celebrating his first anniversary running Wired by introducing a paywall.
North America remains the company's most challenged market.
The Mail on Sunday journalist will join the magazine on Feb. 12.
Mehboob-Khan was previously ceo of Luxottica and president of Wella.
JD.com is throwing its weight behind Britain with a deal to sell 2 billion pounds of Made in the U.K. goods to Chinese consumers.
The company said it’s anticipating underlying sales growth of 3 percent to 5 percent in 2018.
The winner will be revealed on May 3 at the opening of an exhibition of the 30 finalists' work at the Design Museum in London.
PARIS — With competition continuing to heat up in the denim trade show sector, Denim Première Vision is headed to London — albeit as a one-off, as part of a new itinerant format for the twice-yearly event which henceforth will alternate between a Paris venue and a different European destination. The next edition will take place May 23 to 24 at the Parc Floral de Paris in the French capital, with the fair’s second edition to be held Dec. 5 and 6 at the Old Truman Brewery in East London. The 10-year-old fair has also undergone a complete overhaul, with a new more fashion-oriented positioning focused on contemporary denim, and a new management team in place. Guglielmo Olearo, international exhibitions director for Première Vision, is taking over the show’s helm. He succeeds Chantal Malingrey, a member of the board, who alongside her role as marketing and development director for Première Vision and director of special events has been appointed director of PV’s pre-collections show, Blossom Première Vision. Fabio Adami Dalla Val has been named show manager of Denim Première Vision. Guglielmo Olearo Courtesy Denim Première Vision’s new format will see an international offer of players from across the entire denim value chain — spanning weavers, componentsRead More...
Experts say market demands are shifting, and landlords should meet the needs of retailers.
The Ginza property aims to bring in the luxury fashion of the surrounding area, while encouraging guests to go out.
The fashion event will take place at Industria on Feb. 12 during NYFW.
The Los Angeles ready-to-wear brand has linked with Dogtown Skateboards, Ocean Pacific and Vans for spring.
As Forever 21 looks to establish a foothold in specialty beauty with its Riley Rose concept, WWD’s Ellen Thomas heads to the store’s first New York-area outpost to scope out how it stacks up against Sephora and Ulta.
Through Red Circle Investments, Rosso has entered the capital of Ubooker Worldwide Ltd, an app and a web site that allow clients to choose professional models and where models can gain exposure.
In a vague statement about its spring 2018 runway plans, Marchesa confused rather than clarified.