Business

JD Sports Q4 LFL sales improve, outlook remains 'challenging'

JD Sports annual sales were 10.5 billion pounds, up 3.6 percent on the previous year, including a negative 6.2 percent impact from disposals and a 1.4 percent benefit from the 53rd week. The company said in a statement that PBT for the year to January 2024 is expected to be in line with the revised guidance range of 915 million pounds to 935...

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Business

Lands’ End Q4 and FY23 revenues decline

Lands’ End reported fourth quarter net revenue decreased 2.8 percent to 514.9 million dollars compared to the fourth quarter of fiscal 2022. For the fiscal year 2023, the company’s net revenue decreased 5.3 percent to 1.47 million dollars. Commenting on the results, Andrew McLean, the company’s CEO, stated: “We pursued our solutions-based...

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Fashion |Report

Global resale market to reach 350 billion dollars by 2028

ThredUp, a prominent player in the resale industry, has released its 12th annual Resale Report, shedding light on the robust expansion and evolving trends within the secondhand fashion market. The report underscores the burgeoning significance of resale in the retail landscape and suggests that governmental intervention could expedite the shift...

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Fashion |Interview

New home base fuels ongoing evolution of ITS Contest format

The 2023/24 edition of the ITS Contest (International Talent Support) took place in March 2024 in a revamped format. Finalists not only stood the chance to win an array of prizes but were also welcomed for a week-long stint in Trieste, the new home of ITS. Since 2023, International Talent Support has found its physical base in the city,...

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