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7-Eleven and Nike to launch co-branded sneakers

7-Eleven and Nike will collaborate to create a new sneaker featuring the convenience-store chain’s distinctive logo colours, but the shoes will most likely be released only in Japan.

Global apparel spending to slump by $300 billion in 2020, says GlobalData

Global apparel spending is predicted to decline by 15.2 per cent this year – equivalent to US$297 billion – as a direct result of the coronavirus pandemic.

TM Lewin

Iconic menswear retailer TM Lewin sold to PE investor

Iconic British menswear retailer TM Lewin has been sold by Bain Capital to private-equity company SCP through its new subsidiary Torque Brands.

Under Armour sales slump 23 per cent

Under Armour sales fell 23 per cent in the first quarter, with about two-thirds of the fall attributed to the Covid-19 pandemic.

Fashion Farm Foundation launches FFFriday to promote Hong Kong designers

Hong Kong’s Fashion Farm Foundation is set to hold its sixth FFFriday campaign to promote the city’s fashion industry and provide a platform for the city’s designers to showcase their designs and creative ideas.

NuOrder launches virtual showroom as Asia sales surge

B2B e-commerce platform Nuorder is launching a virtual showroom service for brands to showcase products via an immersive online experience.

The R Collective teams with Levi’s in upcycled Denim Reimagined range

Upcycled fashion label The R Collective has launched its Denim Reimagined capsule collection at K11 Musea’s Levi’s store in Hong Kong.

Uniqlo Japan same-store sales plunge in April

Uniqlo Japan same-store sales including online plunged 56.5 per cent in April as the Covid-19 crisis led to restricted store opening times.

Puma focuses on survival and recovery as sales fall by half

Outlining a survival strategy for the coronavirus pandemic, Puma says its global operations are split into three phases: Survive, Recover and Grow Again.

Shanghai Tang launches ‘Catch me if you can’ charity campaign

Shanghai Tang has partnered with Hong Kong organisation Lifelong Animal Protection Charity in a campaign ‘Catch me if you can’ to help abandoned cats.

Louis Vuitton raises prices in South Korea

French fashion house Louis Vuitton is raising prices for its luxury items in the South Korean market, allegedly in a bid to take advantage of a prospective surge in buying following the coronavirus outbreak.

Alibaba launches Luxury Soho, a digital fashion community and outlet centre

Alibaba has launched a new platform Luxury Soho, targeting young, value-conscious aspirational shoppers, and helping high-end brands quit surplus inventory.