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City Chic divests EMEA Evans brand business

Inside Retail

Plus-size apparel company City Chic has sold its Evans brand to AK Retail Holdings for GBP8 million (AU$15.5 We are continuing with the rationalisation of our product offering, streamlining our supply chain and focusing on cost management.” million acquisition facility. “We

Apparel 246
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Oroton trebles profit after rigorous cost-control measures

Inside Retail

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

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Under Armour continues to struggle although decline softens

Inside Retail

Athletic apparel brand Under Armour posted revenue of US$1.6 Direct-to-consumer revenue rose 3 per cent to $596 million after the company managed to control the sales experience and tell a story around its merchandise. Apparel revenue increased 3 per cent to $1.1 Accessories sales rose 3 per cent to $114 million.

Apparel 264
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Alquemie Group to launch National Geographic stores

Inside Retail

Apparel retailer Alquemie Group will launch a network of National Geographic apparel stores in Australia and New Zealand.

Apparel 264
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Accent Group picks up Glue, Next Athleisure in expansion play

Inside Retail

Apparel firm Accent Group has entered into an agreement to buy up the Glue Store and Next Athleisure businesses for $13 million. Under Accent Group, Next Athleisure will be transformed into a new division named ‘Accent Lifestyle’, with current chief executive Darren Todd joining Accent Group as Accent Lifestyle’s group general manager.

Expansion 236
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Shaftesbury Capital welcomes Arc’teryx for new Covent Garden flagship

Retail Focus

Shaftesbury Capital has announced that Arc’teryx , the high-performance outdoor apparel brand, has now opened its new flagship store within the newly refurbished listed building at 41-42 King Street in Covent Garden.

Outdoor 147
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Gramicci chooses Seven Dials, Covent Garden for its inaugural global store

Retail Focus

Designed with movement in mind, Gramicci’s range of high-quality apparel is steeped in the brand’s climbing heritage, providing minimalist, hard-wearing and functional outerwear. Located at 3 Earlham Street, the 1,400 sq ft debut store will stock the brand’s unique range of functional outdoor fashion.