Latest Fashion News
Global Fashion Group Reports Q1 2026 Results with NMV Down 3%
Global Fashion Group saw Net Merchandise Value drop 3.0% year-on-year to €215 million, with revenue down 4.3% on constant currency. Active customers fell 4.8% to 7.2 million, but order frequency rose 1.9% and average order value increased 5.2%. Adjusted EBITDA margin improved to -3.8% from -7.3%.
Puma Q1 2026 Revenue Falls 1% to €1.86 Billion, Profit Exceeds Expectations
Puma's first-quarter revenue declined 1% at current rates and 6.3% on constant currency to €1.86 billion, though operating profit beat forecasts. Mark Langer was appointed as new CFO. The company showed a rebound amid challenges.
Prada Group Q1 Revenue Grows 14% to €1.43 Billion Led by Americas and APAC
Prada Group's revenue rose 14% to €1.43 billion in Q1 2026, with 3% like-for-like growth driven by Americas and APAC regions. Versace and Prada held stable, while Miu Miu grew 2%. Growth persisted despite geopolitical tensions.
Fashion Giants Cut 11,000 Jobs in One Year
The world's five largest fashion retail groups, including Inditex, Fast Retailing, H&M, reduced their global workforce by 11,000 employees over the past year. This continues the trend of shrinking staff at major players. Employment contraction signals industry challenges.
Rhode Expands to Sephora Europe from September
Hailey Bieber's beauty brand Rhode is rolling out to Sephora online and most stores across Europe starting this September, bolstering global distribution. This move enhances the brand's international presence in beauty retail.
BasicNet Q1 2026 Revenue Surges 35.1% to €132.8 Million
BasicNet reported consolidated revenue of €132.8 million in Q1 2026, marking a strong 35.1% increase. The growth highlights positive performance in the period.
Joseph Ribkoff Targets Asia-Pacific Growth in Travel Retail
Joseph Ribkoff is accelerating expansion in Asia-Pacific through airport retail with a focus on functional luxury apparel. This strategy taps into transforming global travel retail dynamics.
Q1 Lyst Index: Blazy, Demna, and Anderson Boost Chanel, Gucci, Dior
The Q1 Lyst Index shows designers Blazy, Demna, and Anderson driving higher rankings for Chanel, Gucci, and Dior. This reflects key influencer trends in fashion search popularity.
Clarks Launches Digital Marketplace with 100+ Partner Brands
Clarks introduced 'Brands now at Clarks', a new e-commerce platform featuring over 100 partner brands beyond footwear into lifestyle categories. This expands its retail strategy significantly.
Victoria Beckham Partners with Gap for Multi-Season Collection
Victoria Beckham announced a multi-season collaboration with Gap to reimagine classic styles, debuting April 24. The partnership blends her luxury minimalist aesthetic with Gap's casual wear.
Amanda Wakeley Collaborates with John Lewis on Premium Contemporary Line
British designer Amanda Wakeley launched an exclusive premium contemporary collection with John Lewis Partnership on April 21, extending her 'clean glam' eveningwear expertise.
Ray-Ban Unveils New Ferrari Shades Ahead of Miami Grand Prix
Ray-Ban released its latest Ferrari collaboration sunglasses just before the Miami Grand Prix, capitalizing on Formula One excitement. The shades highlight the brand's motorsport ties.