Italian fashion designers Domenico Dolce and Stefano Gabbana were convicted today, June 19, 2013 of tax evasion for hiding $1.3 billion and given a suspended jail sentence of one year and 8 months. This came through after the second time they’ve been brought to court. The first resulted in the designers being charged a $440 […]
It’s always an honor to be named as the official apparel brand of a country’s Olympic team. H&M announced today, April 17, 2013, that it will be the official brand for the Swedish athletes for the Winter Olympics and Paralympics in Sochi 2014, and the Summer Olympics and Paralympics in Rio de Janeiro 2016. The […]
Fast-fashion giant H&M is on a tear early this year, first with their financial reports indicating strong sales in Q4 up 9%, and big plans for expanding stores in China and the U.S. H&M has also completed a mobile-adapted H&M shop online which was launched in H&M’s 8 existing online markets in January 2013. According […]
Financials are coming in for the New Year and two of the most important ones to watch are the fast-fashion giants, H&M and Uniqlo (Fast Retailing). First, H&M had a big announcement, yesterday, January 9, 2013 saying that they will launch their & Other Stories, a strong brand within the H&M group, in the Spring […]
H&M will be the first fashion-fashion company in the world to have global clothing collection facilities when it launches their latest sustainability program in 48 markets in February, 2013. Starting next year, customers can hand in used clothing in H&M stores which will then be repurposed as part of the brand’s initiatives at looking at […]
Urban cycling, from the fixie scene to bikes-as-alternative-transportation continues to be a growing sportswear market among males and females. From Levi’s latest bike collection, to the originators, Outlier, to the latest KickStarter initiatives creating women’s apparel, urban cycling, the and styling fashion and accessories that comes with this emerging lifestyle, are taking center stage. This […]
H&M, the fast-fashion giant from Sweden continues to blaze trails going into the holiday season with their latest masstige collaboration with Maison Martin Margiela, and latest reports from the Global Sustainable Textiles Market Report that once again, they are the largest manufacturer of organic cotton in the world. First, the brand is known for their […]
Whenever we hear that a teen retailer has hired Goldman Sachs Group it usually means there’s big news (or trouble) brewing at the brand. As we reported last month, the popular retail chain has been hit hard recently by off-trend fashion choices especially the heavy emphasis on colorful prep styles, and a variety of other […]
One of the best trends coming out in the past 3 years among major brands in youth culture fashion markets are the introduction of transparent sustainability plans. One of the leaders in this arena is the fast-fashion giant from Sweden, H&M. Last week, they announced yet another plan of action which hopefully many brands in […]
Moving into back-to-school season, retail within many youth culture segments is looking grim. One of the worst was today’s announcement that Abercrombie & Fitch’s second quarter net earnings fell a dramatic 52% to $15.5 million. Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said: “The second quarter results […]