Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
The industry has long treated climate initiatives as a secondary concern, but as scrutiny from consumers and regulators heats up, finding a way to strike the delicate balance between environmental impact and growth is becoming a business imperative.
The industry has long treated climate initiatives as a secondary concern, but as scrutiny from consumers and regulators heats up, finding a way to strike the delicate balance between environmental impact and growth is becoming a business imperative.
This week, Moda Operandi taps Walmart for chief technology officer, while Burberry adds former BET Networks CEO Debra Lee to its board.
Former Yahoo Fashion and Elle editor Joe Zee is joining the magazine, which publishes in 8 international markets, as global artistic director. The title plans to pivot from covering the ultra-rich to a broader luxury lifestyle title.
The Aldo chairman and entertainer were among the winners at the CAFA’s annual awards presentation in Toronto.
According to sources, Hearst has already selected a successor and is set to make an announcement shortly.
But with so much talent in the marketplace as titles shuffle and downsize, the competition is tough for high-paying content marketing and consulting roles. What does it mean for a media industry in transition?
Ten years after acquiring Azzedine Alaïa, luxury conglomerate Richemont has grown the business by 400 percent, but blockbuster success seems unlikely.
This week, Pal Zileri appoints Rocco Iannone as its new creative director, while Condé Nast Britain names Simon Gresham Jones chief digital officer.
In today's News Bites, Yoox Net-a-Porter's plans for its new 70,000 square-foot “tech hub” in west London, while the Yahoo Style editor-in-chief Joe Zee bids the website goodbye on Facebook.
In today's News Bites, Ruba Abu-Nimah joins Elle as creative director, while House of Fraser announces plans to revive British label Issa.
The power of bloggers, who use the internet and social media to cover the biannual womenswear events in New York, London, Milan and Paris, as well as everyday fashion, has grown to rival that of traditional glossy magazines.
Debra Scherer speaks to Joe Zee, editor-in-chief and executive creative officer of Yahoo Style, about his professional journey and the jump from print to web.
The approachable editor has brought fashion to the mainstream via digital channels and reality TV.
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT Dealbook reported on Wednesday, citing people familiar with the matter.
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
The capital injection will strengthen the company’s earlier pivot from being an African designer e-commerce site to being a business-to-business venture helping emerging brands enter global retailers.
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.