China yesterday kept its one-year loan prime rate (LPR), a market-based benchmark lending rate, unchanged from the previous month at 3.1 per cent. The over-five-year LPR, on which many lenders base their mortgage rates, also remained...
Recent claims that the Reserve Bank of India’s exchange rate policy stance has significantly hit export competitiveness are not substantiated by evidence, the central bank said in a report. The report also cautioned that following a rise...
Walmart International has reported Q3 2024 revenue of $169.6 billion, up 5.5 per cent YoY, with net sales rising 5.4 per cent to $168 billion and membership income up 16.1 per cent. Net income surged 910.4 per cent to $4.6 billion. For...
The US-China Economic and Security Review Commission has urged US lawmakers to fully eliminate the de minimis trade provision for imports sold through online marketplaces amid a ‘rapid escalation of e-commerce sales’ originating from...
Remo Ruffini, chairman, CEO, and creative director of Moncler, will receive the Trailblazer Award at The Fashion Awards 2024 for his groundbreaking leadership and vision. Ruffini transformed Moncler into a luxury brand and pioneered the...
Dr Lisa Macintyre and her team at Heriot-Watt University have developed the world's first visual ‘fibre fragmentation scale’ to assess microplastic shedding from textiles. The five-point scale helps manufacturers identify low-shedding...
Solar Energy Corporation of India Ltd (SECI) and H2Global Stiftung have signed an MoU to promote Green Hydrogen initiatives. The collaboration aims to enhance knowledge exchange, develop market mechanisms, and strengthen cooperation...
Berry Global's net sales increased 3 per cent to $3.2 billion in the fourth quarter of 2024, driven by higher prices and 1 per cent organic volume growth. Successful completion of the HHNF spin-off and merger with Glatfelter Corporation...
Essity is investing in a new fully automated production line for Leukotape K at its Vibraye, France site. This expansion will quintuple production capacity to meet rising global demand for the elastic kinesiology tape used in pain relief...
Mytheresa has reported net sales of €201.7 million (~$212.14 million) in Q1 FY25, up 7.6 per cent YoY. Gross profit rose 11.5 per cent to €88.6 million, with a 150-bps margin improvement. Adjusted EBITDA reached €2.9 million, up from a...
Abundant data and advanced analytics are helping brands create new models of their customers’ lifetime value. The aim is to gain better insight into which shoppers are worth investing in.
A new business-to-business podcast sharing data insights and market expertise is the latest iteration of Zalando Marketing Services’ strategy to drive shared success and inspiration for marketing professionals.
Investors are piling into the fast-growing resale space, with the European platform attracting high-profile backers like SoftBank in its latest funding round.
BoF shares advice from a former intern at Louis Vuitton, as well as insights from leaders at Central Saint Martins, the Graduate Fashion Foundation, and a former talent acquisition specialist at Gucci.
Nensi Dojaka, Supriya Lele and Harris Reed were among the upstarts that popped during London Fashion Week, but it was more experienced hands like Simone Rocha who truly triumphed.
The company best known for facial “workouts” saw its skin care business grow online during the pandemic. A new Sephora partnership aims to bring the brand to a new set of customers.
Emmy Award-winner and founder of Black Owned Everything Zerina Akers, CEO of NTWRK Aaron Levant, designer Bethany Williams and crypto artist Fewocious discuss the forces transforming the luxury product mix, from new categories to new...
The collaboration spans virtual and physical clothes, as well as a marketing campaign that will appear on billboards in cities like New York and Tokyo, as well as in Fortnite itself.
Australian swimwear brand Seafolly has fallen into administration, citing the “cripping financial impact of the Covid-19 pandemic” as a key reason for its collapse.
New Look is warning landlords that it might have to launch a pre-pack administration if they continue to block the retailer’s attempts to negotiate turnover-based rents.
Two high street giants, Next and M&S, are reportedly competing to buy the UK franchise of Victoria’s Secret. Drapers assesses the lingerie retailer’s chances of success.
Net sales at Swedish giant the H&M Group dropped by 23% to SEK83.61bn (£7.07 bn) in the six months to 31 May as coronavirus had a “significant” impact on the business.
A new wave of restructurings and acquisitions is hitting the fashion retail sector as the coronavirus support schemes are coming to an end and stores are reopening. Experts tell Drapers that retailers will need to take a holistic...
Kanye West’s Yeezy label has struck a deal with Gap to launch a collaborative apparel collection through the retailer’s stores and online in the first half of next year.
Lifestyle retailer Oliver Bonas has secured £3.5m in additional funding via the Coronavirus Business Interruption Loan Scheme (CBILS), to aid its transition from lockdown.