Soaring Superdry, Yoox ekes out Q1 profit, Fashionair shuts down, The new, Wearable technology

Superdry Spring Summer 2010 | Source: Superdry

Superdry Spring Summer 2010 | Source: Superdry

Sales soar at fashion label Superdry (Telegraph)
“The chain said that expectations for pre-tax profit for the year to the start of May will be ‘not less’ than the £25.7m it outlined in its IPO prospectus earlier this year. Total group sales over the year are up by £63m, or 83pc, to £139m.”

Italy’s Yoox Posts 1Q Growth In Net Profit, Revenue (WSJ)
“Italian Internet fashion retailer Yoox SpA (YOOX.MI) said Tuesday its revenue and net profit grew in the first quarter as business performed well across all segments and territories. Net profit for the first quarter increased fivefold to EUR2 million from the EUR0.4 million a year earlier.”

Fuller’s fashion website closed for lack of funds (Times)
“Fashionair was the brainchild of the former manager of the Spice Girls and Sojin Lee, a former Net-a-Porter executive, and was established as an ‘entertainment and shopping platform’. Last week staff were told that they would be made redundant after an investment review by its American parent.”

Fashion sales double with new system (Internet Retailing)
“In the first five weeks since launch, net retail sales on rose by more than 100%, compared to the same period a year ago, and customer conversion also more than doubled. Compared to the previous season, sales were up by more than 70%.”

Is ‘wearable technology’ the future of fashion? (Telegraph)
“The ‘Look at me, I’m electric!’ appeal of wearable technology could prove far more lucrative than acting as a mere vehicle for its attention-hungry wearer. Surely it will only be a matter of time before arriving at the Oscars with your latest movie trailer playing on a loop across your chest maximises box-office longevity.”