With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.
The H&M Foundation is committing SEK 53 million (approx. EUR 5 million) towards Future Forward Factories, a five-year initiative led by Fashion for Good, to address fashion’s most polluting stage: tier 2 textile processing.
The Better Cotton Initiative (BCI) has launched an innovative product label for the fashion and textile sectors which allows retailer and brand members to provide consumers with greater clarity about the origin and percentage of BCI Cotton in their products.
Proven leader brings depth of supply chain experience to support agility and sustainability - Levi Strauss & Co. (LS&Co., NYSE: LEVI) announced the appointment of Chris Callieri as senior vice president and chief supply chain officer, effective September 15.
Nike and the National Football League are announcing Rivalries, a new and exciting uniform and fan gear program that will give athletes and fans an opportunity to connect like never before. The program will elevate NFL rivalry games over the next four seasons with specially designed Nike uniforms and fan gear. Rivalries will drive fan engagement by celebrating storied traditions and uniting communities with unique and elevated product designs.
Sportswear giant adidas has reported a significantly better-than-expected performance for the first quarter of 2025, reflecting strong momentum across both lifestyle and performance categories. The company posted a 13% increase in currency-neutral revenues, driven by 17% growth in the adidas brand and broad-based double-digit gains across markets, sales channels, and product segments.
Inditex and the Asian University for Women have launched a new scholarship program to support the academic training of female textile factory workers in Bangladesh. Inditex will allocate €3.75 million to fund this initiative, enabling 50 women to access pre-university and university education over the next five years, providing them with new opportunities for personal and professional growth.
Sports company PUMA has received strongly improved scores for its sustainability efforts regarding water security and forests and maintained a top score for its climate policy in the latest ratings by global environmental non-profit CDP. While PUMA kept its A ranking in climate change, it improved its scores in water security and forest to A-, from a score of B and C respectively in the previous year, meaning it was ranked at a ‘leadership level’ in all categories analyzed by CDP.
John Lyttle, formerly CEO of Boohoo Group, will be joining M&S as Managing Director of Clothing, Home & Beauty in a planned succession. John has extensive retail and transformation experience, spending five years at Boohoo and nine years at Primark as COO.
Marks & Spencer has committed to train and support a further almost 2,000 hard to reach young people through its Marks & Start programme over the next three years as part of an ambitious multi-year strategy with The King’s Trust.
Sports company PUMA has received the highest recognition for its materials strategy in the Material Change Index compiled by global non-profit organization Textile Exchange.
Sports company PUMA has launched Green Flags, a five-part podcast series on sustainability hosted by Manchester United captain and Lioness, Maya Le Tissier, fashion and lifestyle Guru, Oli Bromfield and pro-footballer turned content creator, Moses Duckrell.
As the policy landscape evolves at an unprecedented pace, understanding the implications of these changes is more critical than ever. From the Corporate Sustainability Reporting Directive (CSRD) to the Ecodesing for Sustainable Products Regulation (ESPR) , staying ahead of regulations isn’t just about compliance – it’s about positioning business for long-term success. To ensure that brands, retailers, manufacturers and supply chain partners in the apparel, footwear, textiles, and broader consumer goods sectors are well-equipped to keep pace, Cascale, formerly the Sustainable Apparel Coalition, will host its Brand & Retail Forum: Brussels on December 4, sponsored by Worldly, the most comprehensive sustainability data insights platform and exclusive licensee of the Higg Index.
Arthur Hoeld, Executive Board member responsible for Global Sales, has informed adidas AG’s Supervisory Board that he will not extend his Executive Board mandate beyond March 31, 2026. The Supervisory Board has accepted his decision and both parties mutually agreed on the early termination of his appointment as an Executive Board member with effect from the end of October 31, 2024.
Inditex and UNI Global Union, a federation of 20 million service workers, including retail workers, from more than 150 countries, renewed the Framework Agreement originally entered into by the two organisations in 2009 to foster best labour practices.
The H&M Foundation today announces a significant shift in its overall strategic direction, with a new mission of promoting just and fair climate solutions for the textile industry, with the innovation challenge Global Change Award (GCA) being the first initiative to reflect this shift.
The KARL MAYER GROUP supports its customers by providing solutions with added value in its business areas. In order to develop the innovations, it relies on close exchange along the supply chain. In mid-September, KARL MAYER (CHINA) welcomed its top customer for Lace and Raschel machines, Tianhai Lace, and the world-famous adidas brand in Changzhou.
Retailers are calling for more brands, and brands are seeking greater retailer participation at the trade fair. This initiative aims to facilitate proactive exchanges, forge new business contacts, and collaboratively advance the industry. The European Outdoor Group (EOG) and Messe München have established the Retail Advisory Council to directly gather feedback from international retailers on their needs and requirements for the trade fair concept. The council will play a crucial role in shaping OutDoor 2025, ensuring closer retailer involvement in its development.
Ermenegildo Zegna N.V. today announced profit of €31.3 million in H1 2024 compared to €52.1 million in H1 2023. In H1 2024, Adjusted EBIT was equal to €80.9 million compared to €119.9 million in H1 2023.
In 1HY2024, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated store and online business model.
The year 2024 is a special one for sporting goods manufacturer adidas: on August 18, the Herzogenaurach-based company celebrates its 75th anniversary. With great sporting events such as the Olympic Games in Paris, the European Football Championships in Germany and the Copa America in the US, the 2024 year of sports provides a perfect setting for the anniversary.
Adidas has announced a robust second quarter, showcasing significant growth and strong brand momentum. The company achieved an 11% increase in currency-neutral sales, driven by a remarkable 16% growth in the Adidas brand. This growth was consistent across all channels and markets, highlighting the brand's expanding influence and appeal.
Despite a challenging market environment, Hugo Boss reported continued revenue growth in the first half of 2024, with a 3% increase overall, although Q2 saw a slight decline of 1%. The company is enhancing its market share for its flagship brands, BOSS and HUGO, through strategic initiatives and a stronger focus on cost efficiency.
EssilorLuxottica, a global leader in the optical industry, and VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced that they have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme® brand from VF for $1.5 billion in cash.
adidas today announced preliminary results for the second quarter of 2024. In Q2, currency-neutral revenues increased 11% versus the prior year. In euro terms, the company’s revenues grew 9% to € 5.822 billion (2023: € 5.343 billion). Excluding Yeezy sales in both years, currency-neutral revenues increased 16% during the quarter.
Global sports company PUMA has scaled up its textile-to-textile recycling innovation RE:FIBRE, creating millions of replica football jerseys with a minimum of 75% recycled textile waste and other waste material. For the first time, from the start of the 24/25 season, PUMA football replica jerseys* (featuring 35 Clubs), including those for the Euro and Copa América tournaments, are made from RE:FIBRE.
Today, Marks & Spencer has announced it will offer a dedicated clothing repair service for the first time. With new insight from M&S* revealing only 10% of the population is confident enough to repair clothing themselves and 60% of consumers looking for retailers to offer more services which support them to lower their carbon footprint, M&S is partnering with clothing repair and alterations experts, SOJO.
The H&M Group has reported a robust performance in the second quarter (March 1, 2024 – May 31, 2024), with net sales rising by 3% to SEK 59,605 million. Gross profit surged by 11% to SEK 33,569 million, improving the gross margin to 56.3%. Operating profit increased significantly to SEK 7,098 million, achieving an operating margin of 11.9%. Adjusted operating profit stood at SEK 7,297 million. The result after tax soared by 52% to SEK 4,995 million.
Inditex's sales grew by 7.1% in Q1 2024, reaching €8.2 billion. Sales in constant currency rose by 10.6%. Gross profit increased by 7.3% to €4.9 billion, with a gross margin of 60.6%. Operating expenses increased by 6.4%, below the sales growth rate. EBITDA rose by 8% to €2.4 billion, while EBIT grew by 10.3% to €1.6 billion. Net income saw a 10.8% increase, reaching €1.3 billion.
All the garments in it are mono-material and they are made with recycled, recyclable or biodegradable materials. Technical details, comfort, compactibility, aesthetics and colorfulness characterize this line for the upcoming warm season.
Techno Sport, one of India’s best sportswear brands online based out from Tiruppur, India, became the first brand in India to join bluesign as a system partner.
adidas today announced preliminary results for the first quarter of 2024. In Q1, currency-neutral revenues increased 8% versus the prior year level. In euro terms, the company’s revenues grew 4% to € 5.458 billion (2023: € 5.274 billion). The company’s gross margin improved 6.4 percentage points to 51.2% during the quarter (2023: 44.8%). Operating profit reached € 336 million in Q1 (2023: € 60 million).
GMG plans to further expand the store network of VF Corporation's brands, including Vans®, The North Face®, and Timberland® in the Middle East and North Africa (MENA) and in South East Asia (SEA)
In the first quarter (1 December 2023 – 29 february 2024) the H&M group’s net sales amounted to SEK 53,699 m (54,872). Gross profit increased by 7 percent to SEK 27,655 m (25,886). This corresponds to a gross margin of 51.5 percent (47.2). Operating profit amounted to SEK 2,077 m (725), corresponding to an operating margin of 3.9 percent (1.3). Adjusted for result from investments in associated companies and joint ventures of SEK -14 m (999) the operating profit amounted to SEK 2,091 m (-274), corresponding to an improvement in profit of SEK 2,365 m.
In 2023, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated business model.
Sports company PUMA reduced its greenhouse gas emissions by 24% in 2023 compared to 2022, despite a strong sales growth.
Currency-neutral revenues on prior-year level // Mid-single-digit sales growth in footwear despite significant Yeezy impact // Iconic franchises create excitement across many categories // Double-digit growth in own retail stores reflecting strong sell-out trends // North America particularly impacted by Yeezy and conservative sell-in approach
adidas announces the establishment of the adidas Foundation, a dedicated initiative designed to consolidate and amplify the company's commitment to making a meaningful impact on the communities it serves.
The co-founded venture, also backed by TPG Rise Climate, aims to rapidly scale textile-to-textile recycling of polyester and contribute to a more sustainable textile industry. H&M Group has secured an offtake agreement with Syre worth a total of USD 600 million over seven years, covering a significant share of H&M Group’s long-term need for recycled polyester, which is currently primarily sourced from rPET bottle-to-textile.
For Summer 2024, HUGO is excited to launch the global campaign for its two brand lines, the HUGO main line and new arrival HUGO BLUE. As announced in May 2023, HUGO BLUE will make its debut this season with a relaxed offering – with denim at the core, along with streetwear and a variety of gender-neutral styles – while the main line will continue to focus on elevated casual wear and contemporary tailoring.
VF Corporation (NYSE: VFC) today reported financial results for its third quarter (Q3'FY24) ended December 30, 2023, announcing a quarterly per share dividend of $0.09 and reiterating FY24 free cash flow guidance.
adidas today published preliminary results for 2023. Based on preliminary unaudited numbers, adidas currency-neutral revenues were flat versus the prior year-level in 2023 (latest guidance: to decline at a low-single-digit rate) despite the drag from the devaluation of the Argentine Peso in the fourth quarter. In reported terms, sales were down 5% to € 21,427 million in 2023 (2022: € 22,511 million). Reported revenues include the negative translation impact of more than € 1,000 million from unfavorable currency movements, which are expected to remain a drag on the company’s top-line development in 2024.
In the annual report for the past financial year (December 1, 2022 - November 30, 2023), the H&M Group delivered increased figures in all areas. “Operating profit has been positively impacted by a stronger gross margin, the cost and efficiency programme, and good cost control. The H&M group is taking important steps towards the company’s ambitious climate goals. Preliminary results indicate that greenhouse gas emissions decreased by more than 20 percent in 2023 compared with the 2019 baseline*,” says Helena Helmersson, CEO.
Zara Home has opened its maiden for&from store, the Inditex Group initiative designed to integrate persons with disabilities into society and the labour force, in a new market for the initiative: Portugal. The new establishment, under the management of the VilacomVida Association, is located in the Freeport Lisboa Fashion Outlet in the town of Alcochete, close to the Portuguese capital, and has more than 150m2 of floor space for displaying and selling prior-season Zara Home collections.
Alight, a leading European solar developer and independent power producer, and global fashion retailer H&M Group have signed long-term power purchase agreements (PPAs) to enable the construction of three new solar parks in Sweden.
HUGO BOSS looks back on a very successful fourth quarter, building on the strong business performance of the first nine months of 2023. In doing so, the Company continued its broad-based growth trajectory across both brands, all regions, and all channels. This performance first and foremost reflects the ongoing strong brand momentum of BOSS and HUGO, fueled by the successful execution of several marketing, product, and distribution initiatives as part of the Company’s “CLAIM 5” growth strategy.
H&M Move’s upcoming movewear release is expertly engineered using the latest technologies, merging the dynamic forces of sports and fashion. Set to launch on 11 January, the cutting-edge collection will be unveiled by powerhouse musician RAYE and football legend Zlatan Ibrahimovic. 12 January, 2024
M&S has unveiled plans to invest £30 million in bricks and mortar stores across Scotland. The retailer’s investment will deliver more than five new store openings and expansions over the next eighteen months, supporting over 6,500 jobs in communities across the country.
Hendrik Alpen, currently Head of Engagement and Transparency within H&M Group Sustainability, will take on the role as Communications Director H&M Group. Hendrik will succeed Andreas Eriksson, who has decided to leave the company to explore new opportunities.
The Supervisory Board of adidas AG has appointed Michelle Robertson (48) as Executive Board member, responsible for Global Human Resources, People and Culture, effective January 1st, 2024. Michelle Robertson, a British national, has been with adidas and previously Reebok in different HR roles for more than 18 years. Since July 2023 she has already been leading Global Human Resources at adidas on an interim basis reporting to CEO Bjørn Gulden.
After joining the Ellen MacArthur Foundation as a Network Member last year, luxury French fashion house Chanel has now become a Partner. Over the next three years, the Ellen MacArthur Foundation will work closely with the house and support its circular economy journey.
In 9M2023, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated business model. The AutumnWinter collections have been very well received by the customers. Sales grew +11.1% to reach €25.6 billion, showing very satisfactory development both in stores and online. Sales were positive in all geographical areas and in all concepts. Sales in constant currency grew 14.9%.
HUGO BOSS further strengthens its commitment to a more sustainable future by becoming the first company to invest in Collateral Good Ventures Fashion I, a climate-first venture capital fund designed to accelerate sustainability in the fashion industry.
HUGO BOSS sets the path for further growth and expands and enhances its headquarters in Metzingen, Germany. The premium lifestyle Company has officially started today the construction work for a new office building on its approximately 175.000 m² campus with a groundbreaking ceremony. The modern new building will be completed in 2025 and provide space for 350 workstations. A particular focus will be on sustainability, as HUGO BOSS is aiming for platinum certification from the German Sustainable Building Council (DGNB) for the building.
Global sports company PUMA reveals a new collaboration with US upcycler, Andrew Burgess and his brand VIVID VISIONS with the launch of an experimental one-off capsule collection.
Global sports company PUMA has today announced that it has scaled up its textile recycling innovation, RE:FIBRE, replacing recycled polyester with RE:FIBRE technology in all PUMA football Club and Federation replica jerseys from 2024 onwards.
Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” “the Group,” or “the Company”) hosts its second Capital Markets Day at the New York Stock Exchange where the Group unveils the next iteration of its strategy and its updated medium-term financial objectives, including its ambitions for Tom Ford Fashion. A new chapter in its 'Our Road To Tomorrow' strategy.
The Canadian Marketing Association (CMA) released the CMA Guide to Truthful Marketing: How to Prevent Deceptive Marketing, which provides essential information to marketers about understanding and avoiding misleading representations and deceptive marketing practices.
Boston-based global athletic leader New Balance broke ground at the future site of New Balance Londonderry, as the company adds New Hampshire to its New England locations for its sixth U.S. athletic footwear manufacturing facility.
C&A launched its Spring/Summer 2024 collection “Finding Beauty in Chaos” in its very own denim factory in Mönchengladbach, Germany. The collection was presented to pan-European press, media partners and influencers.
H&M Group is taking a leadership position in establishing collaborative financing solutions that enable the necessary decarbonisation of fashion supply chains. To realise this ambition, H&M Group, together with Southeast Asia’s largest bank, DBS, has initiated a collaborative finance tool – a first-of-its-kind green loan programme that facilitates supply chain decarbonisation in the apparel sector.
Research into sustainable living conducted by GlobeScan for Ingka Group (IKEA’s largest retailer) has identified five key ways to keep people motivated to take action on people and planet, and boost individual empowerment.
Nordic lifestyle brand ARKET will be opening an online resale destination. Launching on 23 November, ARKET ARCHIVE is a platform for second-hand ready-to-wear, shoes, accessories and childrenswear from ARKET.
adidas CEO Bjørn Gulden: “Q3 was another quarter where we saw progress and where the results were better than expected. The heat around our Terrace range (Samba, Gazelle, Spezial) and other models like Campus is creating new growth in our Lifestyle business again. We have scaled up supply but are far from covering the total current demand.
Global apparel retailer UNIQLO has officially launched its more than 1,000-square-meter LifeScape booth at the 2023 China International Import Expo (CIIE), taking place from November 5 to 10 in Shanghai. LifeScape presents a new vision for lifestyles and retail, showcasing the technological advances of UNIQLO LifeWear – simple, high-quality everyday wear that enhances the lives of all people with a practical sense of beauty and sophisticated design. Following a media preview on Sunday, LifeScape is now open to visit for the general public.
Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today reported financial results for its third quarter ended September 30, 2023.
HUGO BOSS continued its double-digit growth trajectory in the third quarter of 2023, once again posting robust top-line improvements across both brands, all regions, and all consumer touchpoints. This performance, first and foremost, reflects the ongoing momentum of BOSS and HUGO, spurred, in particular, by the successful launch of their Fall/Winter 2023 collections in August as well as exciting fashion events. Consequently, Group sales increased by 15% currency-adjusted to EUR 1,027 million (Q3 2022: EUR 933 million) and by 10% in Group currency, respectively.
VF Corporation (NYSE: VFC) today reported financial results for its second quarter (Q2'FY24) ended September 30, 2023, and announced a transformation program and quarterly per share dividend of $0.09, a 70% decrease from the previous quarter’s dividend. As the company implements the initiatives associated with Project Reinvent, it is withdrawing its FY24 revenue and earnings outlook and updating its FY24 free cash flow guidance.
To further support the successful execution of its “CLAIM 5” growth strategy, HUGO BOSS is expanding its distribution center for flat-packed goods in Filderstadt-Bonlanden near Stuttgart, Germany. The Group is thus responding to increased global customer demand for the BOSS and HUGO collections. The Company is investing more than 100 million euros in the expansion project, with a focus on the further digitalization and automation of processes, and the further development of robotics solutions.
Inditex has formed a strategic partnership with Ambercycle, a Los Angeles based material science company, to help scale textile to textile recycled polyester. As part of this collaboration, the company has signed a three-year agreement to buy a significant portion of the annual production of cycora® – an innovative material made from post-industrial and post-consumer polyester waste – for more than 70 million euros.
VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced the appointment of Trevor A. Edwards to the company’s Board of Directors, effective October 22, 2023. Edwards brings more than 25 years of marketing, global brand and general management experience in apparel and footwear. He will serve on the Board’s Talent and Compensation Committee, as well as the Governance and Corporate Responsibility Committee.
C&A is thrilled to announce the launch in Czech Republic, Hungary, Portugal and Romania of its new membership program, 'C&A for you', designed to enhance the shopping experience and bring an extra spark to customers' fashion journey. As a member of 'C&A for you,' shoppers will gain access to exclusive offers, benefits, rewards and discounts, as well as a wealth of fashion inspiration, making shopping at C&A even more enjoyable.
The global fashion retailer H&M has joined forces with Coloreel to introduce a pioneering approach to customized embroidery. This new partnership allows customers at the H&M Alexa store in Berlin to personalize their apparel with a myriad of expressive designs.
adidas today announced preliminary results for the third quarter of 2023. In Q3, currency-neutral revenues increased 1% versus the prior year level. In euro terms, the company’s revenues declined 6% to € 5.999 billion (2022: € 6.408 billion). The company’s gross margin improved 0.2 percentage points to 49.3% in Q3 (2022: 49.1%). Operating profit reached € 409 million during the quarter (2022: € 564 million), reflecting an operating margin of 6.8% (2022: 8.8%). While the company’s performance in the quarter was again positively impacted by the sale of parts of its remaining Yeezy inventory, the underlying adidas business also developed better than expected.
The use of Maersk’s alternative fuels is estimated to reduce GHG footprint by more than 80% per litre compared to conventional fossil fuels
