Swedish clothing group can no longer compete with Shein and Temu on price
Daniel Ervér says having physical stores and a website puts business in ‘a very strong position’
Retailer has been under pressure from cheaper chains and more expensive competitors
World’s second-largest fashion retailer agrees to buy half of its recycled polyester supplies from new venture to revolutionise textile
Daniel Ervér says rise of Chinese competitors ‘requires us to react quicker’ to new trends
Swedish group says Helena Helmersson will be replaced by Daniel Ervér
Swedish fashion retailer hails progress on cutting costs and excess stock
Swedish retailer’s earnings also hit by cost-cutting programme
Subdued earnings mean Swedish retailer faces tougher few months than Spanish rival
Fashion retailer in recovery mode following furore over forced labour in Xinjiang
World’s second-largest retailer outlines $177mn cost-cutting plan after quarterly profits plunge
Swedish retailer pushed margins up by selling more clothes at full price
Shares in clothes retailer slide after it reveals impact of Russian invasion and profits below forecasts
FNV says refusal to engage migrant workers breaches retailer’s supply chain commitments
Sales yet to reach pre-pandemic levels as fast-fashion retailer struggles to meet demand for some products
World’s second-largest fashion retailer reports better than expected profits
Europe’s C&A says it is unwilling to make new purchases from garment suppliers at this stage
Swedish fashion retailer reports 21% drop in sales with 1,800 stores shut over winter
State media and consumers attack clothing groups over statements last year on forced labour
World’s second-largest clothes retailer rethinks role of shops
The stalwarts of fast fashion are surviving, but are not infallible
World’s second-largest clothing retailer to renegotiate leases as chain steps up digital investments
Both European companies are well placed to benefit if retail spending holds up
Revenue fall offset by tighter cost control and reduction in sales of discounted clothing