Fashion news and fashion jobs

Management

Richemont reports slow Q4 sales growth, appoints Nicolas Bos as CEO

For the full financial year, Richemont sales increased by 3 percent at actual exchange rates and 8 percent at constant exchange rates to 20.6 billion euros, driven by the jewellery maisons, while operating profit came in at 4.8 billion euros, a 13 percent improvement at constant exchange rates. Fourth quarter sales were down by 1 percent at...

Management

Canada Goose Q4 revenues grow 22 percent

Canada Goose revenue increased 22 percent or 23 percent on a constant currency basis to 358 million Canadian dollars for the fourth quarter. Gross profit grew 22 percent to 233 million Canadian dollars and gross margin for the quarter was 65.1 percent. “Our fourth quarter results came in ahead of guidance, reflecting the power of our iconic...

Retail

Report: Retail innovation for a competitive advantage

Today, consumers are used to making online purchases with a single click, whether it be via a social media channel, an app, or a store platform. They expect to receive online deliveries in 30 minutes or less and shop in virtual stores in the metaverse. Rather than physically trying on clothes, they use augmented reality smart mirrors from the...

Retail |In Pictures

Finisterre opens largest store to-date in London

Cornwall-based sustainable surfing and outdoor B-Corp brand Finisterre, founded by British surfer Tom Kay in 2003, has relocated and upsized its London store in Covent Garden to open its largest retail space to date, building on its continual growth in the UK. The new 2,702 square foot London flagship at 47-49 Neal Street is 80 percent bigger...