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Fashion’s winning sales streak ends as arctic chill hits high street

The UK retail sector faced a harsh reality check this week as total like-for-like (LFL) sales plunged by -7.74%. This represents the sharpest decline since the beginning of 2025 and stands in stark contrast to the robust +10.74% growth recorded during the same period last year. A sudden and dramatic shift in weather—from mild, settled spring...

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Fashion's March financial summary: Geopolitical shocks, margin discipline and a resale revolution

The global fashion industry entered March 2026 under mounting pressure from the Middle East conflict, yet delivered resilient earnings, strategic repositioning and landmark corporate transactions. Sentiment remained cautiously optimistic, with profitability gains offsetting topline softness while geopolitical disruption injected fresh...

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EssilorLuxottica acquires stake in Thailand's Top Charoen

Eyewear giant EssilorLuxottica has made an overseas acquisition. The company has acquired a “significant” stake in Top Charoen, making it a partner. The transaction, for which financial details were not disclosed, consolidates the long-standing collaboration between the two companies. “The partnership with Top Charoen strengthens our presence in...

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Textile Exchange on its shift to an action-based membership model to drive accountability

As the gap between sustainability goals and industry reality grows, Textile Exchange is shifting from a focus on guidance to one of shared accountability. In an interview with FashionUnited, Sarah Needham, chief engagement and partnerships officer, and Beth Jensen, chief impact officer, discuss the organisation's new action-oriented membership...

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China: AI scanner analyses textiles for recycling in seconds

A recycling plant has been developed in China that uses artificial intelligence to quickly and automatically analyse textile waste according to its material composition. The “Fastsort-Textile” machine was developed by the Chinese company DataBeyond and named one of the best inventions of 2025 by The Times Magazine. The plant combines a conveyor...

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Burberry global headquarters to change hands for 131.8 million pounds

UK commercial real estate owner Derwent London has exchanged contracts for the disposal of Horseferry House SW1 to an overseas investor. The 164,900 square foot building serves as the global headquarters for British fashion brand Burberry. The transaction is valued at 131.8 million pounds (174.5 million dollars) before rental top-ups. The sale...

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Nike patent victory overturned in footwear dispute with Lululemon

US sportswear giant Nike has seen a jury verdict in its favour reversed by a federal judge in Manhattan, effectively nullifying a 355,450 dollars damages award against Canadian athleticwear company Lululemon USA Inc. (Lululemon). The decision, signed by district judge Arun Subramanian on March 24, 2025, follows a legal battle initiated in 2023....

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Crisis talks on Strait of Hormuz seek to increase pressure on Iran

During the crisis meeting on the largely blocked Strait of Hormuz, participating countries discussed possible further sanctions against Tehran. The British Foreign Office announced this following an online meeting convened by the UK with representatives from more than 40 countries. Foreign secretary Yvette Cooper spoke of a determination among...

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Sportsshoes.com leverages native app for digital growth

UK running specialist Sportsshoes.com has transformed its digital strategy by integrating a native mobile application designed to foster customer loyalty and enhance commercial performance. The business, which was founded in 1982 and now reports a turnover exceeding 100 million pounds (133 million dollars), developed the platform as a key...

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Inside ThredUp’s pivot: CSO Alon Rotem on redefining resale as a dual-sided platform

Resale is no longer a niche or sustainability-led initiative. It is taking measurable market share from traditional retail, with the global market projected to reach 393 billion dollars by 2030. ThredUp remains one of the sector’s leading players in the US. Here, resale grew at nearly four times a faster rate than the overall apparel market,...

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Decathlon reports a 4.0 percent increase in turnover for 2025

The Decathlon group published its annual results this Thursday, announcing a 4.0 percent increase in turnover compared to the 2024 financial year. It also reported a 7.1 percent growth in gross merchandise volume (GMV) at constant exchange rates. These improving figures are accompanied by strong operational profitability, with an EBITDA of 1.8...

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Saks Global secures 500 million dollars financing to support restructuring

US luxury retailer Saks Global has entered into a Restructuring Support Agreement with an ad hoc group of senior secured bondholders, securing a commitment for 500 million dollars in exit financing as it prepares to emerge from Chapter 11. The agreement is a key step in the company’s broader restructuring process, with Saks continuing...