Fashion
M&S fashion sales dip as cyberattack ‘long tail’ weighs, but it wins back market share
Published
January 8, 2026
M&S’s Golden Quarter was “solid”, the retail giant said on Thursday with the 13 weeks to 27 December seeing a record number of people shopping at the stores and online.
The period is the third quarter of the firm’s financial year and total sales were £4.993 billion. That was a big year-on-year leap due to the inclusion of the food-focused Ocado Retail operation this time. But excluding this, sales rose 3.3% to £4.15 billion.
Unfortunately, in Fashion, Home & Beauty specifically, sales of £1.73 billion were down 2.5% in total and 2.9% like-for-like. However, International sales rose 0.9% to £158 million.
The company said the Fashion, Home & Beauty performance came as online sales growth was offset by a store sales decline. This reflected reduced high street footfall, “and the long tail impact on stock data and management following the [cyberattack] earlier in the year. Stock into Sale during December was higher than last year but sell-through rates have been strong”.
It added that in total UK fashion, it “regained market share leadership in the period and now holds the number one position for customer perceptions of style, quality and value. New season product is resonating with customers and new stores such as Bristol Cabot Circus are exceeding expectations, demonstrating the benefits of the store rotation strategy”.
As for the International numbers, the company said the small uplift came as “new wholesale agreements, online growth and Food franchise offset Fashion, Home & Beauty shipment phasing and India performance”.
CEO Stuart Machin said: “Millions more trusted M&S to deliver the family Christmas. Food sales were strong and the business continues to outperform, hitting a new market share milestone in the period.
“Fashion, Home & Beauty is getting back on track as we work through the tail end of recovery. Sales overall were slightly down but online performance continued to improve as digital sales recovered. We planned a bigger Sale this year, with strong sell-through already making way for our new-season lines.
“We enter this new calendar year full of ambition and laser focused on our plan to reshape M&S for further growth. In Fashion, our new season ranges are resonating well with customers as we double down on value, quality and style.”
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Fashion
FESPA Middle East 2026 opens next week at Dubai Exhibition Centre
FESPA Middle East officially opens next week at the Dubai Exhibition Centre (DEC), welcoming the regional and global digital printing, textile, signage, and screen printing community for three days of technology discovery, skills development and strategic insight.
FESPA Middle East 2026 is set to open next week at Dubai Exhibition Centre, uniting the print, signage and textile community with 150+ exhibitors, free expert conferences, World Wrap Masters, Sustainability Spotlight and the new AI Clinic.
The show focuses on innovation, skills, automation, AI and practical routes to sustainable business growth.
Taking place from 13 – 15 January 2026, the third edition of the event brings together more than 150 global exhibitors and brands, alongside a comprehensive programme of live features and free-to-attend conference sessions designed to support sustainable business growth across the speciality print ecosystem.
Commenting ahead of the show opening, Bazil Cassim, Regional Manager, Middle East & Africa, FESPA, said: “FESPA Middle East has been built around the real priorities and pressures facing our industry today. Businesses within the print, signage and textile industries are navigating rising costs, accelerating technological change and growing expectations around sustainability and skills.
“This event brings those conversations together in one place, combining innovation on the show floor with practical education, live demonstrations and peer exchange that businesses can immediately apply to their own operations.”
Held under the theme Your Industry. Your Community, FESPA Middle East 2026 will showcase the latest products and demonstrations with focused education addressing the most critical challenges shaping the sector – from sustainability and artificial intelligence to automation, creativity and craftsmanship.
Exhibitors include Arlon, AT.Inks, Brother, Color Dec, Cladex Paper, CSIX General Trading, Dilli, Docan, Dynagraph, Epson, Flex Europa, Flora, HandTop, Icon Digital, Interone, Kavalan, Massivit, Mimaki, Mutoh, Nutech Digital Ink, Nazdar, Orafol, Pongs, Serge Ferrari, Soletex, Summa, Triangle, xTool, and ZSK Stickmaschinen.
Taking place across all three days, the FESPA Middle East conference programme will deliver expert-led sessions examining regional market growth, international expansion, digital design, sustainability and the future of production. Speakers from across the print, signage and textile value chain will share real-world case studies and practical strategies, equipping attendees with actionable insight to remain competitive in a rapidly evolving market.
Among them is George Simonian, Professor at BADR University, who will open the programme with an overview of how the regional print market has evolved over the past decade, setting the context for future opportunity. Jon Bailey, Founder of Precision Proco, will share his journey from a local print business to an international production partner, offering practical insight into scaling, global collaboration and maintaining brand consistency.
The programme also explores emerging technology and sustainability in depth. Nita Odedra, Strategy Director at Blue Rhine Industries, will examine how design and signage shape immersive brand experiences. Sustainability-focused sessions include a panel with Debora Isabella Tobing from EPSON Middle East and Raya Makawi an Advisor to Government Affairs, exploring how environmental responsibility can be embedded in organisational culture and long-term business strategy.
One of the show’s most dynamic live features, World Wrap Masters Middle East returns with elite and up-and-coming wrap professionals competing across a series of technical and creative challenges. From vehicle wraps and colour-change films to printed vinyl and paint protection film (PPF), competitors will be judged on precision, finish and efficiency, with the winner securing a coveted place in the World Wrap Masters Finals in Barcelona later this year.
The competition is complemented by live wrap demonstrations and training sessions delivered by internationally recognised experts, offering visitors practical guidance on advanced techniques, detailing and workflow optimisation.
Reflecting the industry’s growing focus on responsible production, the Sustainability Spotlight provides a dedicated platform to explore how sustainability can be embedded in everyday print and signage operations. Through curated content, practical resources and conference sessions, visitors can learn how to adopt sustainable materials, improve efficiency and better communicate environmental credentials to customers.
This focus is reinforced by findings from the new FESPA Print Census, which show that while 92% of print service providers recognise sustainability as important, only 40% currently view it as a core business priority, often due to cost pressures and uncertainty around return on investment. The Sustainability Spotlight addresses this gap by highlighting realistic, commercially viable pathways to progress.
New for 2026, the FESPA AI Clinic, supported by Koshima.AI and led by the company’s founder, Carlo Pepe, responds directly to industry demand for clearer, more practical guidance on artificial intelligence. Census findings have revealed that 39% of print service providers have not yet adopted AI, largely due to skills gaps and limited awareness.
“FESPA Middle East is more than a trade show – it is a meeting point for the industry’s future. By bringing technology, education and community together under one roof, we are creating an environment where businesses can learn, adapt and collaborate. At a time of significant change, the value of coming together as an industry has never been more important,” concluded Cassim.
Attendance at the conference is free for all event visitors.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
Fashion
Puma appoints Nadia Kokni as vice president, global brand marketing
By
DPA
Published
January 9, 2026
The sports company Puma has appointed Nadia Kokni as vice president, global brand marketing, effective January 1. In this role, she will report directly to chief brand officer, Maria Valdes.
In her new role, Kokni will oversee the global brand marketing strategy and creative direction, as well as integrated marketing and communications. Her appointment comes as Puma advances its global brand ambitions and sharpens the storytelling around its iconic products and innovations.
Kokni brings extensive international experience in shaping and transforming leading global brands across sports, fashion and lifestyle. She has held senior positions at JD Sports, H&M, adidas, Tommy Hilfiger and, most recently, Hugo Boss, where she served as senior vice president of global marketing and communications. In that role, she led a large-scale brand transformation and accelerated digital initiatives.
“Nadia is a world-class marketing expert who has demonstrated her ability to build modern global brands through strategic clarity, creative excellence and cultural relevance,” said Valdes.
“Her appointment comes at an important time for Puma, as we bring product development and storytelling even closer together. With her leadership, Nadia will help us tell clearer product stories around the world, build greater brand desirability and forge deeper relationships with our consumers.”
Her appointment follows the decision to bring brand marketing, product, creative direction, innovation and go-to-market together into a single global organisation under the leadership of Valdes.
“I am delighted to join Puma at such an exciting time for the brand. The company has an impressive heritage and a clear opportunity to take a leading role at the intersection of sport, culture and performance. I look forward to working with Maria and the teams around the world to tell bold, meaningful stories that inspire our consumers and accelerate Puma’s next phase of growth,” said Kokni.
She replaces Richard Teyssier, who has decided to leave the sporting goods manufacturer to pursue new challenges outside the company.
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Fashion
Smart glasses pioneer Xreal raises $100 million in new funding
By
Bloomberg
Published
January 8, 2026
Smart glasses maker Xreal Inc. recently raised $100 million, its chief executive officer said, adding to the firm’s coffers as competition in the category heats up.
In an interview with Bloomberg Television, co-founder and CEO Chi Xu said the funding came from “supply chain partners” and other backers who he declined to disclose.
The startup, which has an overall valuation above $1 billion, announced two new sets of glasses at the CES trade show in Las Vegas this week, including an upgraded entry-level pair, and said it has extended a partnership with Alphabet Inc.’s Google.
The Chinese company and US search giant have been collaborating on a pair of smart glasses running Google’s Android XR platform that they plan to launch sometime in 2026. The project is proceeding on schedule, Xu said in the interview.
“We’re really good at building optical modules and building chips. Google, they’re really good at building AI and operating systems,” Xu said, adding that he believes the best glasses hardware will result from collaboration — not one company trying to do everything.
At CES, a range of companies have showcased new wearables and AI-powered gadgets. Razer Inc. debuted concept headphones expected to launch this year, which feature built-in cameras for analyzing a user’s surroundings. Lenovo Group Ltd.’s Motorola unit showed off a concept that took the form of a pendant necklace, also with a camera.
Razer CEO Min-Liang Tan made the case in an interview with Bloomberg earlier this week that some consumers will prefer the headphone style since not everyone wears glasses — and their natural position when worn on the head still allows the cameras to maintain an eye-level perspective.
“I just met him a couple days ago, and we talked a little about that,” Xu said of Tan, adding that he’s confident glasses are the best solution.
Xreal has faced mounting competition from tech giants including Meta Platforms Inc., which has led the category with its artificial intelligence-enabled Ray-Bans. Meta released a premium $799 model last year with a built-in display and unique wrist-worn band as it explores what features will resonate with consumers.
“This is a big enough market, and I don’t really see the form factor converging,” Xu said, describing the smart glasses category as “an open race for everybody.”
Apple Inc. is expected to introduce its first smart glasses as early as this year after struggling to find momentum with the $3,499 Vision Pro headset, which received a minor update last fall. The company shelved an overhaul of the mixed-reality headset to prioritize AI glasses like those from Meta, Bloomberg has reported.
“The challenge is it is too expensive. It is too heavy,” Xu said of the Vision Pro. “We can deliver 80% of that kind of experience” in a lighter, far more affordable product, he added.
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