At a spruced-up pilot store in H&M's home town of Stockholm, the chain founded in 1947 is testing new concepts that mark a break with its past, and partly echo some tactics already deployed by rivals to attract shoppers.
Fashion giant H&M is failing to fulfill a pledge to ensure garment workers who supply its high-street stores are paid a fair “living wage”, forcing many employees to work excessive hours in order to survive, says group.
The accessories retailer received approval from the US Bankruptcy Court on Friday for its Third Amended Plan of Reorganization, putting the tween favorite on course to exit Chapter 11 bankruptcy in early October.
Almost as much as he is a designer Alessandro Michele is a cultural phenomenon. Michele’s fashion shows for Gucci, where he is creative director, are more artistic happenings than mere displays of clothes.
In the first half of 2018, Belgian-Dutch fashion company FNG Group recorded a revenue of €251.1 million. The group said that the focus on digitalization and rollout of new concepts contributed to its strong results.
Italy's Safilo Group has announced their third consecutive licensing agreement with Banana Republic for the brand’s eyewear collections, beginning on February 1 of 2019 and continuing through January 31 of 2025.
Sears Holdings Corp would have to sell more real estate and restructure its debt, Chief Executive Officer Eddie Lampert’s hedge fund said in a regulatory filing, as the retailer looks to avoid bankruptcy.