For the second quarter of fiscal 2022, Guess Inc. recorded GAAP net earnings of 61.1 million dollars, a 141.1 percent increase from 25.3 million dollars for the second quarter of fiscal 2020. GAAP diluted EPS increased 160 percent to 91 cents compared to 35 cents for the second quarter of fiscal 2020.The company’s adjusted net earnings were 64.1 million dollars, a 133.7 percent increase from 27.4 million dollars for the second quarter of fiscal 2020, while adjusted diluted EPS increased 152.6 pe

SGS, a globally renowned lab for testing, inspection and certification procedures, has developed a copyrighted 4C model, to implement an effective chemical management programme to protect human health and the environment from the harm caused by hazardous chemicals in the textile processing industry.To facilitate the industry in its proper understanding and implementation, SGS is organising a webinar on 28 September to discuss assessment of chemical management in the textile manufacturing industr

Toys R Us, the American clothing and toys retailer, is all set to, reportedly, launch over 400 shops-in-shops inside fashion retailer Macy’s stores.US fashion retailer Macy’s also started aco-branded pagewith Toys R Uson its website to sell toys online. Notably, the page is currently live.In a statement released to media, the retailers said that the physical stores will be rolled out in 2022 and will comprise vestiges of the Toys R Us brand.In a conference call held yesterday (19 August), Jeff G

John Lewis, the well-known fashion retailer from the UK, is entering the investment market for the first time.The British retailer, reportedly, has joined hands with digital wealth manager Nutmeg to introduce 3 new investment products.These are junior individual savings account (ISA), stocks and shares ISA and a general investment account.While junior ISA has an annual allowance of £9,000 wherein parents, guardians and grandparents can make regular contributions to help the beneficiary access th

As Americans prepare for their return to the offices, business formals have taken a hit by dipping down on the preference scale. More working professionals envision themselves in comfortable wardrobe choices, instead of the crisp silhouettes for business suits.Retailers such as Lululemon and Athleta reap profits as the consumer demands gradually shift towards increasingly athletic pieces in their back-to-work wardrobes. The coined term –workleisure– refers to more sophisticated versions of athle

New York-based company, Perfitly, has partnered with the retailer, Otero Menswear, to provide greater accuracy in the garment selection process. The e-commerce platform of Otero Menswear is being integrated with Perfitly’s VR/AR (virtual/augmented reality) and AI-powered fitting room solutions.Otero, a menswear clothing brand based out of Arizona, caters to clients between heights 5’4” and 5’10”. The Perfect Fit for men under 5’10” is designed by using unique visible leaning and lengthening tech

In what we may refer to as the third phygital fashion showcase to have taken place since last year, trends for the upcoming Fall/Winter 2021 season have been presented via an array of digital runway videos, virtual look books and barely-there FRow presentations.The year gone by, has had drastic impacts on not only the fashion and apparel industry, but also the entire world economy – and as fashion always mirrors the voice of the times, this season is no different. We see a direct translation of

A study by luxury cashmere retailer N.Peal has revealed the best countries for sustainable shopping.The study analysed the monthly searches of 64 countries, using eight search terms centred around sustainable fashion and ethical clothing. The goal of the study was to look closer into the evolution of eco-conscious shopping, with the first steps focusing on uncovering where exactly these shoppers live.The US came out on top with a total of 29,700 online searches every month, followed closely by t

Adidas has sold sportswear brand Reebok to Authentic Brands Group (ABG) “for a total consideration of up to 2.1 billion euros” with the deal expected to close in the first quarter of 2022.The German sportswear giant said in a statement that ABG would pay the majority in cash at closing of the transaction and the remainder comprised of deferred and contingent consideration. Adidas adding that it will share the majority of the cash proceeds with its shareholders.Kasper Rorsted chief executive of A

LONDON – British fashion retailer Harvey Nichols has partnered with resale solutions provider Reflaunt to offer customers the chance to return old clothes. Available in most stores across the UK and via Reflaunt’s concierge service, shoppers can earn up to 80 per cent back on the original price of luxury pieces by way of bank transfer or brand vouchers.“This innovative service provides customers with an effortless way to part with their pre-loved items and in rehoming them with a new owner, not