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IKEA buys US logistics tech firm Locus in online growth push

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IKEA buys US logistics tech firm Locus in online growth push


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Reuters

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October 8, 2025

IKEA has acquired U.S. logistics technology firm Locus, the two companies said on Tuesday, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it invests to expand online sales.

Reuters

The takeover is in addition to a $2.2 billion push by Ingka Group, the biggest global IKEA franchisee, in the U.S. where it competes with Wayfair and Walmart and is also contending with higher tariffs on imports that are increasing its costs.

IKEA declined to disclose the value of the deal. Locus was valued at $300 million in its most recent funding round in 2021, according to reports at the time.

IKEA said acquiring Locus would simplify its logistics and reduce its delivery expenses by an estimated 100 million euros ($117.41 million) a year globally.

Locus uses artificial intelligence to group orders and predict routes that minimize the time delivery vehicles spend in traffic, a planning process that is currently done manually by IKEA workers, Parag Parekh, chief digital officer at Ingka Group told Reuters in an interview.

Locus will also enable IKEA to offer customers more delivery windows and options, and give live updates on where their package is, as well as delivering faster, Parekh added. It will likely pilot the technology in the U.S. and UK before using it globally.

“Speed is one aspect of it, but more importantly for us, it will be the flexibility, it will be the ability to track… and more importantly, through all of this, help drive a better customer experience,” he said.

Locus’ shareholders included Singapore’s sovereign wealth fund GIC and private equity firms Alpha Wave, Tiger Global, and Qualcomm Ventures prior to the all-share acquisition by Ingka Investments, the retailer’s investment arm.

Under the deal, Locus will operate independently and continue to work with clients beyond IKEA.

Known mostly for its bright blue big-box suburban stores showcasing sofas, beds and bookcases in a labyrinth layout, IKEA has shifted focus onto its online business over the past five years and invested in smaller city-centre stores as it targets younger and more urban shoppers.

Online sales accounted for 28% of total IKEA retail sales in its 2024 financial year, up from 11% in 2019.

The acquisition comes just a week after Ingka Investments bought a building in Manhattan for $213 million, pushing ahead with U.S. expansion despite President Donald Trump imposing higher tariffs on furniture imports.

“In terms of the macroeconomics around us … probably there’s uncertainty on the quarters ahead,” Parekh said. “But as a company we remain committed to the U.S.”

© Thomson Reuters 2025 All rights reserved.



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‘Cotton 2040’ unveiled at 4th Global Cotton Conference in New Delhi

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‘Cotton 2040’ unveiled at 4th Global Cotton Conference in New Delhi



The Union Minister of State for Textiles Pabitra Margherita inaugurated the 4th Global Cotton Conference in New Delhi on October 7. Margherita also released a White Paper on Cotton titled ‘Cotton 2040: Shaping the Future Through Technology, Climate Resilience and Global Competitiveness’ jointly developed by the Confederation of Indian Textile Industry (CITI) and the Indian Chamber of Food and Agriculture (ICFA) on the occasion.

Union Minister of State for Textiles Pabitra Margherita inaugurated the 4th Global Cotton Conference in New Delhi on October 7, releasing a White Paper titled ‘Cotton 2040.’
Organised by CITI, the Ministry of Textiles, and CCI, the event highlighted India’s leadership potential in cotton, focusing on technology, sustainability, and competitiveness.

The 4th Global Conference is being jointly organised by CITI, the Union Ministry of Textiles, and the Cotton Corporation of India as part of the World Cotton Day 2025 celebrations. The theme of the Conference is ‘Cotton 2040: Technology, Climate & Competitiveness’.

The International Labour Organization (ILO), the Cotton Textiles Export Promotion Council (TEXPROCIL), and CITI-CDRA are supporting the program. The Indian Chamber of Food and Agriculture is the Knowledge Partner.

In 2021, the United Nations General Assembly officially recognised October 7 as World Cotton Day in recognition of the vital role played by cotton in society.

In his address, Margherita said India must strive to attain leadership position in quality, sustainability, and ethical production. The Kasturi Cotton initiative has the potential to contribute immensely to the ‘5F’ (farm-fibre-factory-fashion-foreign) vision of the Government, he pointed out.

The Minister said India and Russia could forge deeper ties in the textiles and apparel arena. He added that the government was committed to the welfare of farmers.

CITI chairman Ashwin Chandran said India has the potential to dominate the global cotton economy. Cotton Corporation of India CMD Lalit Kumar Gupta stressed on the need for improving the yield of the Indian cotton sector. He added that there was a need to accord more focus on innovation, improved farm practices, and the use of technology.

TEXPROCIL vice chairman Ravi Sam said cotton remains a pillar of India’s textile sector. He said that 63 per cent of India’s apparel exports are cotton-based.

Textile Commissioner Dr M Beena reiterated that a focus on technology and innovation is the need of the hour. Federation of Seed Industry of India vice chairman Dr Rajvir Singh Rathi highlighted the role of the seeds ecosystem in the development of India’s textile sector.

Cotton Analytics global consultant Dr Terry Townsend underlined the importance of the cotton sector in the global economy and how greater use of technology could mitigate the impact of climate change.

CITI deputy chairman Dinesh Nolkha delivered the Vote of Thanks at the session.

Cotton is one of the most important commercial crops cultivated in India, lies at the heart of the country’s textile ecosystem, and is a source of livelihood for millions of farmers and those engaged in related activities. However, the cotton sector in India lags in productivity compared to many of its peers, CITI said in a release.

For the benefit of lakhs of cotton growing farmers, India’s FY26 Budget had announced a ‘Mission for Cotton Productivity’. “This 5-year mission will facilitate significant improvements in productivity and sustainability of cotton farming and promote extra-long staple cotton varieties. The best of science & technology support will be provided to farmers. Aligned with our integrated 5F vision for the textile sector, this will help in increasing incomes of the farmers and ensure a steady supply of quality cotton for rejuvenating India’s traditional textile sector,” Union Finance Minister Nirmala Sitharaman had said in her Budget speech.

Fibre2Fashion News Desk (HU)



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Nordstrom Local makes its debut in San Francisco

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Nordstrom Local makes its debut in San Francisco


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October 7, 2025

Nordstrom announced on Monday plans to open a Nordstrom Local store in San Francisco, serving as the department store chain’s first location in Northern California.

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Located at 1919 Fillmore Street, the new Nordstrom Local Fillmore store spans 1,750 square feet and offers services seen across the Seattle-based retailer’s seven other Local stores, four of which are in California.

This includes online order pick up, alterations, local styling available by appointment, gift wrapping, clothing donation drop-off, and BeautyCycle, where shoppers can bring in empty beauty packaging to be recycled for free.

“We’re excited to open our first Nordstrom Local in Northern California. We’ve heard from our customers in the area that they want services such as online order pickup, returns and alterations closer to where they live and work,” said Fanya Chandler, president of Nordstrom stores. 

“We hope our new Nordstrom Local will make accessing these services easier and look forward to serving customers at this location.”

The new Nordstrom Local Fillmore opens its doors on October 9.

Earlier this year, Nordstrom Inc. announced the appointment of Kelly Dilts to the role of chief financial officer, effective August 29.

Copyright © 2025 FashionNetwork.com All rights reserved.



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Summer 2026 looks set to be romantic with Sacai, Zimmermann, Ungaro and Agnès b

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Summer 2026 looks set to be romantic with Sacai, Zimmermann, Ungaro and Agnès b


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October 7, 2025

Silhouettes elongate or gain volume; ornamentation gleams with sparkling details; the wardrobe grows more sophisticated. This romantic, faintly glamorous vein came to the fore on the eighth day of the Paris shows devoted to Spring-Summer 2026. On Monday, numerous collections homed in on a new feminine elegance, as redefined by Sacai, Zimmermann, Agnès b. and Ungaro, among others.

Sacai, spring-summer 2026 – ©Launchmetrics/spotlight

Unusual constructions, layering, and material blends. For her Spring-Summer 2026 collection, shown on Monday at the brand’s new headquarters—an old building with a vast glass roof, formerly occupied by Balenciaga on rue Cassette in the 6th arrondissement—Japanese designer Chitose Abe returns to her fundamentals, revisiting the key ingredients behind Sacai’s success.

Trench coats, denim, knitwear, outerwear, the white shirt, the little black dress and more. She surveyed the archetypes of the women’s wardrobe, blowing them apart before recomposing them into covetable hybrids. Black and white reappeared in voluminous silhouettes, finished with Oxford shoes sporting oversized tassels that lent an eighteenth-century air to the whole. The mood was epitomised by supermodel Naomi Campbell in a superb sleeveless tuxedo with a train.

Each piece was distinctive—almost unique in its construction, detailing or fusion of materials—yet appeared easy to wear, conveying a sense of freedom and movement. With Sacai, fashion is, more than ever, a game, and this season the house explored a new technique of “reversal”: the lower sections of classic garments flip up to fasten high on the body, creating unexpected forms.

For example, black trousers were hoisted up, anchored to the shoulders of a tuxedo jacket that becomes an oval cape. The same trick applied to the hem of a long white shirt, laced through eyelets at the shoulders, and to the panels of long canvas skirts, which rose to the waist to create peplums and ballooning shapes. Elsewhere, a trench morphed into a petticoat and a shirt, tuxedo and skirt become one.

Movement was omnipresent in undulating or godet-flared blouses and skirts. A shot of lime yellow enlivened a black-and-white patchwork maxi dress. Leather blousons and denim pieces were taken apart and recomposed into puzzle-like garments with rounded contours. Further on, mini dresses emerged from a mix-and-match of patterns (stripes, polka dots, flowers), while waterproof canvas fused with tuxedo satin. Tweed dresses unravelled into cascades of fringing, rounding off a breathtaking collection brimming with energy and invention.

Agnès b., spring-summer 2026 – ©Launchmetrics/spotlight

Absent from the catwalks since 2019, Agnès b., real name Agnès Troublé, made her triumphant return on Monday at Paris Fashion Week with a grand manifesto show charting her half-century in fashion. The occasion also marked her return to fragrance, with a new scent authored by the designer and perfumer Isaac Sinclair. “Agnès b. Paris Le Parfum” will be launched on October 14. Made in France, it embodies “discretion, timeless elegance and the freedom to be oneself”.

Nearly 90 models, including 15 men, traversed the long runway installed at the Collège des Bernardins, accompanied by a live concerto. Principal dancer Hugo Marchand opened the show to an aria from Rameau’s “Les Indes Galantes”, played on piano by Martin Beau. What followed was a seemingly endless parade of the creations that have marked the brand’s history, with numerous archive pieces, reworked models and new releases.

The first part was devoted to her ultra-light dresses in fine cotton, including butter muslin—very airy and washed “so it shrinks a little”—as well as light linen. There were petticoats, including the reworked “tango” model, dungarees and mechanic’s coveralls, apron dresses and crepe tailoring. Not forgetting artists’ T-shirts, Elvis straight-leg trousers, button-front dresses with Peter Pan collars, the harpsichord shirt (without buttons). Not forgetting, of course, polka dots, gingham fabric, denim, unisex leather jackets, satin used to cut cargo trousers and an eighteenth-century-style linen frock coat, from the designer’s favourite era.

At 83, Agnès can still deliver lessons in dressmaking, with her precision in cut and construction—not to mention her meticulous attention to armholes. The secret of her success? She has always remained true to her style since her debut in 1975, without ever renouncing it. Comprising informal, easy-to-wear pieces alongside more elaborate ones, each imbued with quintessential Parisian chic, the Agnès b. wardrobe covers every daily need, from morning to night, addressing everyone, men and women of all ages, with a timeless yet characterful style that has continued to captivate for five decades.

Zimmermann – spring-summer 2026 – ©Launchmetrics/spotlight

​Pastel décor, the cries of seagulls, the soft waft of the brand’s next in-store fragrance, Zimmermann set a decidedly summery tone, immersing us this season in the bohemian, arty atmosphere of Lavender Bay in the seventies. At the time, this industrial corner of Sydney Harbour—with its disused warehouses wedged between a Luna Park and the railway—sprang to life, attracting an exuberant artistic community.

It’s this carefree effervescence that Australian designer Nicky Zimmermann translated with brio in her collection, while modernising the theme. A fresh, joyful spirit pervaded the show, which made much of vibrant colours (emerald green, petrol blue, orange, and pink), soft-focus floral prints à la David Hamilton and a nonchalant allure.

Blouses and maxi dresses were by turns ethereal in billows of ruffles, or demure in white cotton lace. Trousers were worn baggy or very flared. Front-zipped jumpsuits, worn unzipped, gave the models—in dark sunglasses, sandals or clogs—a touch of house painter. Chic pleated trousers sat low on the waist, revealing a high-cut swimsuit. Long dresses glided sinuously along the body. The women oscillated between a headscarf and sparkling gold jewellery.

A collection that should prove successful, like the previous ones, Zimmermann being one of the few brands to continue to post growth in today’s market with its accessible luxury, which appeals well beyond its native Australia.

Ungaro, spring-summer 2026 – ©Launchmetrics/spotlight

The treasures of the Louvre served as the starting point for Ungaro’s collection, in particular Ingres’s “L’Odalisque”. “In this collection, there’s Orientalism, with a mix of cultures, but also a ‘cabinet of curiosities’ side. I wanted to celebrate femininity and freedom, imagining these women going from the Louvre to the flea market, mixing all sorts of influences,” explained artistic director, Kobi Halperin.

The result was a collection both rich and delicate, all about lightness via silky fabrics with floral prints, gauzy gypsy dresses, more sensual versions in fluid satin and clouds of ostrich feathers, which lent an airy touch to the ensemble. Several pieces in lace and guipure (dresses, as well as jackets, skirts, shorts and trousers) let the air circulate in a fresh, boudoir spirit.

The wardrobe is conceived to be versatile, with interchangeable pieces to mix and match from day to evening. Take your pick from beautiful shirt dresses, weightless summer dresses in chiffon or cotton, monochrome or printed, little tweed jackets to pair with leopard shorts, and the classic suit with its elegant double-breasted jacket, in white or a precious brocade.

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