Tag: news about fashion world

Fashion Update

H&M, ASOS Shares Jump After Fashion Retailers’ Positive Updates Cheer Investors

By Dominic Chopping STOCKHOLM–Shares in H&M and ASOS were among the biggest gainers in Europe on Thursday as investors rewarded the fashion retailers for positive trading updates. Sweden’s Hennes & Mauritz reported fiscal second-quarter sales that were just shy of expectations as cold weather dented demand, but noted a good start to June, sending shares nearly 7% higher in early trade. Meanwhile, shares in ASOS jumped by almost 16% on Thursday morning after the UK online fashion retailer reported a return to profitability and confirmed its guidance. H&M had cautioned in March that the start of the spring season had been delayed in many of its important markets as a result of the weather, but noted that its collections had been well received in markets where warmer weather had arrived. For the second quarter, which ended...
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Fashion News

Shein, H&M and Other Fashion Resale Programs Don’t Make Big Money

Resale has quickly emerged as the initiative of choice for fashion brands looking to lower theirs carbon, plastic and water footprints—or at least in some instances to convince green-conscious shoppers that they’re trying. But here’s the rub: So far even savvy brands such as Patagonia or Shein haven’t figured out how to make secondhand selling accounts for more than a tiny fraction of their profits. More than 100 apparel retailers have started in-house resale platforms within the past two years, with 88 new programs last year alone, according to data from ThredUp Inc., which both operates an online thrift store business and has helped many brands set up their own resale programs. This includes some of the biggest brands, including H&M and fast-fashion champ Shein. In 2022 resale of apparel, footwear and handbags in the US...
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Fashion Update

20 fashion trends to have on your radar for spring/summer 2023

Getting ahead of the game never hurts anyone, and what better way to occupy the gloomier months at the start of the year than by planning our 2023 wardrobe. RELATED: 10 British designer fashion brands to amp up your wardrobe in 2023 MORE: 3 London Fashion Week-approved hair trends to try at home Fashion month certainly didn’t disappoint – from fringing and cut-outs at Victoria Beckham’s Paris Fashion Week debut to playful check suits and LBDs at Chanel, there are plenty of SS23 trends that we are just itching to jump on. Spring 2023 trends ©Getty The period of fluffy lambs and blossom showers officially starts around mid-March here in the UK, however, as many of you will be acutely aware, the temperatures can still leave a lot to be desired. ©Getty Nailing the ever-tricky transitional...
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Fashion News

Jennifer Lawrence does ‘quiet luxury’ in a gray The Row outfit

‘Quiet luxury’ recently took the fashion world by storm as its latest most-desired aesthetic – and Jennifer Lawrence is the latest star to adopt the look. Considered a mood more than a trend, ‘quiet luxury’ encompasses inconspicuous style with a focus on quality over flashy logos and more obvious signifiers of wealth, and a preference for classic, timeless pieces over anything that would quickly date. This week, Lawrence – who is currently promoting her new film No Hard Feelings, which premieres later this month – stepped out in the ultimate discretely expensive ensemble, in a gray two-piece by The Row. MEGA//Getty Images MEGA//Getty Images play iconThe triangle icon that indicates to play Her outfit – made from a breezy light-grey wool, consisting of the open-back ‘Bamby’ top, paired with matching low-rise wide-leg trousers – oozed style...
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