Primark, one of Europe's biggest fast fashion chains, has vowed to cut its environmental impact without increasing prices by using more recyclable materials, making clothing more durable, and improving wages for workers.
H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.
The group born of the merger between communication agency Karla Otto and events company K2 has bought a majority stake in the famous Parisian production house, for 30 years the brains behind fashion’s top catwalk shows.
Open for Vintage is also open to new funding. The luxury pre-owned website has launched a £1.5 million capital raise, including a public crowdfunding campaign, to help drive new consumers to the site in the UK and US.
When the world's two biggest fashion groups unveil quarterly sales figures on Wednesday, Inditex is seen back at pre-pandemic levels as stores reopen and people renew their wardrobe, while H&M still has some way to go.
City centre retail has suffered from the pandemic as tourists haven’t returned in large numbers and office workers stay home. But there’s hope, with signs of office workers returning to semi-normal working patterns.
The number of fashion-focused shops on premier shopping thoroughfare Oxford Street looks like falling even further with news that IKEA is likely to take over the former Topshop flagship, in a key Oxford Circus position.
H&M’s latest collab is a link-up with Iris Apfel and the 2022 launch gets a head start this week as the fashion giant is celebrating and hosting her 100th birthday on Thursday evening during New York Fashion Week.