Fashion

Is Gen Z becoming the bigger spender in China?

They are rapidly becoming the largest consumer base for luxury brands, KPMG said.

Is Gen Z becoming the bigger spender in China?

They are rapidly becoming the largest consumer base for luxury brands, KPMG said.

UNIQLO Japan’s operating profit drops by 5.6%

Its operating profit stood at JPY39.4b in the first quarter of FY2023.

Fast Retailing Q1 profit contracts 9.1% in FY2023

This is despite a 14.2YoY revenue growth.

South Korea’s make-up market to surge by 5.5% 

This will be driven by product innovation and rising online sales.

Luxury market’s last quarter growth hinges on China’s reopening

It will also be boosted by consumer confidence in Europe and America.

Shein reduces water use in new printing technology

It also accelerates the efficiency of printing. 

Luk Fook Group’s net profit inches up by 0.6% 

The company’s net profit stood at HK$658m in the six months ending in September.

Vestiaire bans fast fashion brands 

This is in support of the circular fashion economy.

Mash may expand luxury brand Gelato Pique after Bain Capital deal

The Japanese apparel maker was recently bought by US-based Bain Capital Private Equity. 

Bain Capital to buy majority stake in Japanese apparel maker Mash 

Fashion brands under Mash include Gelato Pique, Snidel, and Fray I.D.

Havaianas Asia Pacific pledges to recycle 10% of flip-flops sold

This will be executed through its ReCycle stations.

Yeezy termination drags adidas 2022 outlook

The company ended the Yeezy partnership in October. 

adidas AG appoints new CEO

Bjørn Gulden will assume the post in January 2023. 

Partygoers are ditching suits and formal dresses

Only 25% prefer wearing formal attire at events.

Rising costs to drive secondhand fashion: report

The apparel resale market to grow 85.5% between 2022 and 2026. 

UNIQLO International operating profit rises 42% in 2022

Its Europe and US markets particularly saw a large improvement.

Nike’s net income stumbles 22% in Q1 2023

Its net income stood at $1.46b in the three months ending in August 2022.