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Management

British underwear brand Stripe & Stare secures 2.5 million pounds in fresh funding

Women’s underwear brand Stripe & Stare has secured 2.5 million pounds in fresh funding from BGF and a consortium of investors. The British brand said it would use the investment to grow its workforce and increase capacity at its Yelverton headquarters in Devon to drive UK and international sales. Stripe & Stare was founded in 2017 by Katie Lopes...

Management

Shoppers Stop Q3 sales and profit grow

Shoppers Stop Limited reported a sales rebound of 35 percent year-on-year to Rs 1070 crores in the third quarter, close to pre-covid levels. The company said in a statement that EBITDA improved by 57 percent to Rs 197 crores while the gross margin grew by 170 basis points to 36 percent driven by robust demand recovery and tight control on costs....

Management

Superdry upbeat on recovery despite drop in revenue

Superdry said Thursday it has seen “clear signs of brand and financial recovery” despite a drop in revenue in the first half of the year. In the period to October 23, the British fashion retailer posted net revenue of 277.2 million pounds, a 1.9 percent drop compared to a year ago and a 24.9 decrease compared to two years ago. The company said...

Management

Clothing & footwear category drives N Brown's revenues

For the third quarter, N Brown Group plc reported 5.5 percent increase in revenues to 149 million pounds. Excluding the impact of the closure of the Figleaves website in March 2021, the company said, third quarter product revenue was slightly ahead of the prior year and FY22 year-to-date revenue was up 5 percent. Commenting on the third quarter...

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Report

RYU Apparel appoints marketing director

RYU Apparel has named Zachary Beers as its new marketing director, effective February 1. Beers has more than 10 years of experience as a retail marketer, and joins from outdoor clothing and equipment company Arc'teryx, where he was credited with helping grow direct-to-consumer revenue from 1 million dollars to 500 million dollars. “Zach's energy...

Report

Digital Brands Group to buy women's lifestyle brand Sundry

Digital Brands Group (DBG) has signed a definitive agreement to buy women’s lifestyle apparel brand Sundry for an undisclosed sum. The deal is expected to be completed late in the first half of 2022. DBG chief executive Hil Davis described it as a “transformative acquisition” for the group. In the short term, Davis said the acquisition is...