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.”
Copyright © 2026 FashionNetwork.com All rights reserved.
Fashion
Pandora eyes 6% organic growth in 2025 as weak US market mutes prior guidance
Published
January 9, 2026
Pandora expects to deliver 6% organic growth in 2025, the Danish jewellery brand announced on Friday in its preliminary and unaudited results for 2025, falling below previous guidance of 7% to 8%.
“We delivered 6% organic growth in 2025 despite softer than expected Q4 holiday trading, particularly in North America,” said Pandora’s CEO Berta de Pablos-Barbier, the brand announced on its website on January 9. “While the year was marked by macro headwinds, it has also highlighted opportunities to sharpen execution and strengthen brand desirability.”
Pandora is eyeing a full-year operating profit of approximately 7.8 billion Danish crowns ($1.2 billion) along with an EBIT margin of around 24%, in line with its previous guidance. The North American market reported 2% like for like growth in the fourth quarter of 2025 with trading in November and December below expectations due to weakened consumer sentiment causing muted in-store traffic. Although EMEA like for like growth came in at -1% and Italy lagged, Spain, Poland, and Portugal reported strong growth, according to the business.
“As new CEO, my focus will be to navigate the current market environment, reduce our commodity exposure and course-correct in select areas to accelerate profitable growth,” said de Pablos-Barbier. “Pandora continues to pursue significant untapped growth opportunities as a full jewellery brand. Our fundamentals are strong. We are building a bigger Pandora.”
The business will announce its audited full-year 2025 results on February 5. Pandora plans to launch designs in new materials this calendar year, aiming to use high silver prices as fuel for innovation, according to de Pablos-Barbier.
Copyright © 2026 FashionNetwork.com All rights reserved.
Fashion
India’s Arvind Fashions buys Flipkart stake in Flying Machine unit
Over the last five years Flying machine has re-established as a well-accepted brand on the digital channels. The partnership with the Flipkart group helped Flying Machine become one of the top casual wear brand on digital platforms, catering to the fashion-conscious youth of India.
Arvind Fashions Limited will acquire Flipkart Group’s stake in Arvind Youth Brands for ₹135 crore (~$15.02 million), making it a wholly owned subsidiary.
The partnership helped Flying Machine rebuild and grow as a leading youth casualwear brand on digital platforms.
The brand will remain available on Flipkart while expanding its presence across other online channels in India.
Amisha Jain, Managing Director & Chief Executive Officer of Arvind Fashions, said, “We are thankful to the Flipkart Group for their support in building Flying Machine into a brand of choice on digital channels. Our relationship with the Flipkart group will continue ensuring consumers can still shop Flying Machine on its platforms. The brand will also be available to consumers on other digital channels and portals.”
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 (RM)
Fashion
Recycling Europe Textiles calls for compulsory recycled content in textiles products in Europe from 2028
By
Portugal Textil
Translated by
Nicola Mira
Published
January 9, 2026
Recycling Europe Textiles (RET), the European association representing the textiles reuse and recycling sector, has urged the EU Commission to introduce ecodesign rules mandating the presence of at least 10% of recycled fibre content in textile products from 2028.
RET believes that the forthcoming European regulation on ecodesign for textile products is a decisive opportunity to accelerate the industry’s transition to a truly circular model. In a position statement published on January 7, the organisation underlined that introducing mandatory recycled-content requirements is essential to strengthen the recycling industry and respond to the growing pressure on textile-waste collection and treatment systems in Europe.
According to RET, the sector currently faces a critical juncture, characterised by an excess of low-quality textile waste, weak demand for recycled fibres, and funding constraints. The situation is likely to worsen as the separate collection of used textiles became mandatory in Europe in January 2025, and given the growing consumption of apparel products driven by the ultra-fast-fashion phenomenon. Without clear market signals, RET warned, increasing volumes of used textiles risk being incinerated or sent to landfill, rather than reutilised to make new products.
To reverse this cycle, RET is advocating a strict, targeted definition of ‘recycled content’ that prioritises post-consumer textile waste generated in Europe, excludes open-loop sources such as PET bottles, and discourages the generation of industrial textile waste. The aim is to promote genuine fibre-to-fibre circularity and ensure that recycling efforts focus on the main textile-waste stream in the European market.
Targets-wise, RET is proposing the progressive introduction of mandatory recycled-content requirements for textile products, starting with a company-portfolio-level approach and moving to product-level targets from 2030. The proposals stipulate a minimum of 10% of recycled fibres by 2028, 15% by 2030, and 30% by 2035, with a growing share sourced from European post-consumer waste. These targets, according to RET, would send clear predictive signals to the market, creating steady demand for recycled fibres and unlocking investment in new sorting and recycling technologies.
Another mainstay of RET’s position is the need for robust and credible verification systems. The association supports a hybrid model combining chain-of-custody systems, mass-balance methodologies and greater traceability, especially at the collection and sorting stages. In this context, the EU’s Digital Product Passport is regarded as a key tool for strengthening transparency, as it requires clear information on the amount, type and origin of the recycled content incorporated into textile products.
“Mandatory recycled-content targets are among the most effective policy instruments for transforming the European textile industry. By promoting genuine fibre-to-fibre circularity, the European Union can reduce resource extraction, boost innovation and recycling capacity, and support a resilient and competitive European textile recycling sector,” concluded RET.
This article is an automatic translation.
Click here to read the original article.
-
Sports4 days agoVAR review: Why was Wirtz onside in Premier League, offside in Europe?
-
Politics5 days agoChina’s birth-rate push sputters as couples stay child-free
-
Entertainment2 days agoDoes new US food pyramid put too much steak on your plate?
-
Entertainment4 days agoMinnesota Governor Tim Walz to drop out of 2026 race, official confirmation expected soon
-
Sports5 days agoSteelers escape Ravens’ late push, win AFC North title
-
Business4 days agoAldi’s Christmas sales rise to £1.65bn
-
Sports5 days agoFACI invites applications for 2026 chess development project | The Express Tribune
-
Business5 days ago8th Pay Commission: From Policy Review, Cabinet Approval To Implementation –Key Stages Explained
