Dick’s teams up with Fanatics Fest NYC as official retail partner

Dick’s Sporting Goods joins Fanatics Fest NYC 2025 (June 20–22) as Official Sporting Goods Retail Partner and Presenting Partner of the Kids Zone.
Highlights include athlete meet-and-greets, giveaways, batting and golf challenges, and live content with IShowSpeed.
In partnership with Nike, kids can enjoy open play and training sessions with pro athlete appearances.

Dick’s teams up with Fanatics Fest NYC as official retail partner Read More »

South Africa’s TFG posts strong FY25, plans 100+ new stores in FY26

TFG’s FY25 revenue rose 4.1 per cent to R62.6 billion (~$3.51 billion), driven by strong H2 and UK’s White Stuff acquisition.
Gross profit rose 6.7 per cent, EPS grew 4.9 per cent, and a 15 per cent higher dividend was declared.
TFG Africa led with 9.9 per cent early FY26 sales growth.
UK shows signs of recovery; Australia remains pressured.
Over 100 new stores and digital investments are planned.

South Africa’s TFG posts strong FY25, plans 100+ new stores in FY26 Read More »

Italy’s Safilo reaches deal for sale of sun lens maker Lenti to Kering

Kering Eyewear is set to acquire Lenti, a sunglass lens maker, from Safilo, as announced by both companies. This move aligns with luxury groups’ increasing focus on their eyewear divisions to enhance revenue amid a challenging market. Kering aims to establish in-house capabilities for developing ‘Made in Italy’ sun lenses through this acquisition.

Italy’s Safilo reaches deal for sale of sun lens maker Lenti to Kering Read More »

China’s apparel exports to Africa twice the imports in Jan–Mar 2025

Africa accounted for 5.6 per cent of China’s apparel exports but only 2.36 per cent of its imports in Q1 2025, reflecting a continued trade imbalance.
China’s exports to Africa rose 20.2 per cent year-on-year in January–May 2025.
Apparel trade data across 2022–2024 also shows consistently higher export volumes to Africa than imports, indicating China’s dominant supplier role in African garment market.

China’s apparel exports to Africa twice the imports in Jan–Mar 2025 Read More »

US’ Duluth Holdings sees $15.3 mn Q1 loss, keeps FY25 outlook

Duluth Trading reported a 12 per cent drop in Q1 FY25 sales to $102.7 million and a net loss of $15.3 million.
DTC sales fell 17.1 per cent, and gross margin declined to 52 per cent.
Adjusted EBITDA was –$3.8 million.
CEO Stephanie Pugliese announced plans to simplify operations, enhance brand focus, and maintain FY25 guidance amid ongoing business challenges.

US’ Duluth Holdings sees $15.3 mn Q1 loss, keeps FY25 outlook Read More »

Titan’s CaratLane to open over 40 new stores as demand rises for low-carat jewellery among young Indians

CaratLane, buoyed by the increasing popularity of lower-carat jewellery among younger Indians, aims to surpass its previous year’s revenue growth. The company plans to expand its footprint by opening over 40 new stores, primarily in smaller cities, and venturing into the U.S. and Dubai markets.

Titan’s CaratLane to open over 40 new stores as demand rises for low-carat jewellery among young Indians Read More »

UK consumers support EPR visible fees to promote sustainable fashion

A UK study by WEFT and QSA partners has found strong consumer support for visible EPR charges on clothing to boost recycling and sustainability.
Over 80 per cent favour transparent labelling, with modest charges widely accepted.
Clear communication is key, with ‘charge’ preferred over ‘fee’.
The initiative could raise up to £4 billion (~$5.41 billion) annually without burdening taxpayers.

UK consumers support EPR visible fees to promote sustainable fashion Read More »

AAFA, FLA urge Jordan to back labour rights programmes

The American Apparel & Footwear Association and the Fair Labour Association recently wrote to King Abdullah II of Jordan urging his government and all constituencies to fully support the future of the ILO- IFC Better Work Jordan programme and the Workers Centre, supported by ILO.
The elimination of these programmes would stymie the growth of Jordan’s garment industry, their letter said.

AAFA, FLA urge Jordan to back labour rights programmes Read More »

UK’ Dr. Martens aims for FY26 turnaround after tough FY25

Dr Martens has reported a 10 per cent revenue drop to $1.071 billion for FY25 in its preliminary results, with adjusted profit before tax falling to $46.4 million.
Despite the decline, it met key goals including DTC growth in the Americas, $34 million in cost savings, and a stronger balance sheet.
Its new strategy, Levers For Growth, targets profit recovery in FY26.

UK’ Dr. Martens aims for FY26 turnaround after tough FY25 Read More »

US brand Lands’ End reaffirms FY25 outlook despite Q1 revenue drop

Lands’ End has reaffirmed its FY25 outlook, targeting $1.33–1.45 billion in revenue and $95–107 million in adjusted EBITDA, supported by strategic inventory and licensing transitions.
It reported an 8.5 per cent revenue decline to $261.2 million in Q1 FY25, with a widened net loss of $8.3 million.
Despite this, gross margin improved to 50.8 per cent and GMV showed modest growth.

US brand Lands’ End reaffirms FY25 outlook despite Q1 revenue drop Read More »

Shopping Cart