
H&M Group is diving deep into fashion rental and is now testing subscription rental in China though its innovation department The Laboratory, as well as its COS label and Chinese subscription rental company YCloset.
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H&M Group is diving deep into fashion rental and is now testing subscription rental in China though its innovation department The Laboratory, as well as its COS label and Chinese subscription rental company YCloset.
H&M is moving forward with plans to open hundreds of stores across the world this year with the addition of its first location in Tunisia. A second shop is scheduled to open in December.
The latest player to enter the rapidly developing fashion rental market is Swedish fast fashion giant H&M, with a deft high street collection of archival evening wear, in a concept store that opens this Friday.
TJX Cos Inc raised its full-year profit forecast on Tuesday and reported better-than-expected quarterly same-store sales, as well as its acquisition of an ownership stake in Russian off-price retailer Familia.
J.C. Penney Co on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, showing efforts to revive sales and profits at the department store are taking hold.
Estee Lauder Cos Inc cut its forecast for full-year profit on Thursday, citing an array of political and economic risks including ongoing protests in Hong Kong, Brexit and slowing growth in China.
UK consumers are buying more and more fashion products that have a direct link to a mission or a cause with a new survey showing that 46% of them have bought such a fashion item.
Amid turbulent times on the UK high street and a wave of CVAs, H&M has taken a leaf out of its British rival’s books by asking landlords to switch to turnover-based rents.
H&M as a group has been diving deep into sustainability in recent periods and has just announced that it’s “saving” damaged garments in its first-ever Restore Collection, which launches through its COS chain.
Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to offer resale clothing services to retailers.