The year 2022 has been challenging for global fashion—COVID-19 hangover, prolonged Ukraine war, escalating raw material and fuel prices, interrupted supply chains and fluctuating exchange rates. The results of fashion retail companies are segregated as strong, moderate and weak based on their sales and profitability during the challenging period.
Several global fashion retailers with reporting period April-March released their financial performance results for the third quarter (Q3) as well as nine months ending in December 2022 this month. We evaluate their results and segregate them as strong, moderate and weak based on their sales and profitability during the challenging period.
Shoppers Stop, India’s premier fashion and beauty destination, has opened its first store in Rourkela, Odisha. The new store is located in the city’s famous Plutone Mall and is designed to meet the rising demand of the city’s fashion-conscious customers. The newest store in Rourkela will cater to the tastes of the high-heeled citizens of the city.
American lingerie brand Victoria’s Secret has launched its first design collaboration with athlete and equality advocate Naomi Osaka—Victoria’s Secret X Naomi Osaka. Inspired by self-love, the collection includes a variety of casual sleepwear pieces and intimates. The campaign was shot by photographer Brad Ogbonna and styled by Karolyn Pho.
Burberry’s Daniel Lee debuted his collection at the LFW 2023. The new line features a trench coat with faux fur-trimmed lapels, the car coat deconstructed, and the duffle and aviator exaggerated with softer silhouettes. Checks are presented in bold colours across the tailoring, blanket coats, and knits along with an evolved Equestrian Knight Design (EKD).
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