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"We remained focused on executing our growth strategies," Premier chairman Solomon Lew says. Read more
For the buyers, the value this year sat in discovery rather than volume.
Gary Bigeni, Van Brussell and Viceta Wang discuss their market insights with ragtrader.com.au.
Ragtrader analyses what the reporting round says about where Australian fashion retail heads into Black Friday.
Demand is not the constraint. What has narrowed is the brief.
Channel performance revealed a surprising reversal of recent trends.
“This store represents the evolution of Uniqlo in Australia," AU COO Satoshi Naito says.
Gildan's key subsidiary, American Apparel, will back key initiatives through merchandising, gift vouchers and $10,000 grants.
"Product safety cannot stop at the border," ARC CEO Chris Rodwell says.
Tomorrow in Sydney, the brand will hand out 601 hoodies, pants and other styles from the back of a truck.
This comes amid tough trading conditions and heightened M&A activity in the fashion sector in recent weeks.
This was driven by a post-tax impairment charge of NZ$394 million.
The non-cash impairment charge comes amid volatile trading, impacting sales growth and profitability.
“There is significant change underway and many opportunities ahead," Lew said.
"Heritage remains valuable, but heritage alone is not a value proposition."
"We are putting the question of Board composition directly where it should be," Accent Group chairman Lawrence Myers says.
