by Fashion Value Chain | May 31, 2024 | Industry Updates
American Eagle Outfitters reported a 6% increase in total net revenue to $1.1 billion for the first quarter of fiscal 2024, with store revenue up 4% and digital revenue up 12%. Aerie, a flagship brand, saw its revenue grow by 4% to $373 million, with comparable sales...
by Fashion Value Chain | May 31, 2024 | Fashion Updates
The most recent statistics from the Australian Bureau of Statistics (ABS) shows that in the 12 months leading up to April 2024, the monthly Consumer Price Index (CPI) indicator increased by 3.6%. The head of ABS’s pricing statistics, Michelle Marquardt, stated:...
by | May 31, 2024 | Industry Updates
Wacom, the leading innovator of digital pen and ink solutions, today announced the launch of Wacom Movink, its first OLED pen display designed and developed to meet the needs of creative professionals, digital artists and design students. Wacoms First OLED pen display...
by Fashion Value Chain | May 31, 2024 | Fashion Updates
The Very Group, a leading online retailer in the UK and Ireland, saw a slight decrease in revenue to £2.147 billion in FY23 compared to £2.148 billion in FY22. A notable highlight was the increase in app sales, accounting for 44.5% of total online sales, reflecting a...
by Fashion Value Chain | May 31, 2024 | Fashion Updates
The ecodesign legislation, which forbids the destruction of unsold textiles and footwear, was established by the European Council and requires sustainable products in the EU. Future prohibitions on other products are permitted by the regulation, which also grants SMEs...
