Fashion
Seven SGM-operated Galeries Lafayette stores in France will be renamed amid Shein launch
Published
November 4, 2025
In France, the Galeries Lafayette group made its position clear as soon as the Société des Grands Magasins announced its plan to introduce ultra-fast-fashion brand Shein into five regional Galeries Lafayette stores that SGM has operated for several years. After weeks of negotiations, and on the eve of Shein taking up more than 1,000 square metres at BHV, the two parties formally acknowledged their disagreement in a joint press release.
“Galeries Lafayette and the SGM group have agreed to terminate the affiliation agreements that have bound them since 2021 for the seven stores that SGM owns and operates under the Galeries Lafayette banner,” read the statement. “These stores are located in Angers, Dijon, Grenoble, Le Mans, Limoges, Orléans, and Reims.”
Frédéric Merlin‘s company SGM has announced that it will operate these department stores under a new name, to be revealed shortly.
“This decision stems from a strategic divergence within the collaboration,” read the joint press release. “This collaboration will end in the coming weeks, according to a timetable which is currently being finalised.”
These stores, located in prime sites in major French cities, currently carry numerous Galeries Lafayette own-brand ranges and brands listed by the Galeries Lafayette group’s central buying office. Due to this, the continuity of operations at these locations is now in question.
The two parties state that they are “pursuing their discussions in a constructive spirit and doing their utmost to ensure an orderly transition that respects teams and customers.” Nonetheless, customers and employees will naturally be concerned about this situation.
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Copyright © 2025 FashionNetwork.com All rights reserved.
Published
November 4, 2025
ThredUp announced on Tuesday sales for the third quarter surged 34 percent to $82.2 million, with the U.S. resale platform attributing the increase to a lift in customer numbers and order growth.
The Oakland, California-based company said active buyer numbers rose 26 percent to 1.57 million, while orders skyrocketed 37 percent to 1.61 million for the third quarter ending September.
Net income fell to $583,000 during the quarter, compared to $739,000 in the prior-year period.
“In Q3, we are proud to have delivered our fourth consecutive quarter of accelerating revenue growth, driven by exceptional new buyer acquisition and order growth,” said ThredUp CEO and co-founder, James Reinhart.
“This quarter, we launched a fully rebranded ThredUp experience, with new products and features that create a more personalized and engaging way to buy and sell secondhand. These advancements are enabled by years of investment in our data and technology infrastructure, positioning us to innovate faster and strengthen our competitive moat in the growing resale market.”
Looking ahead, ThredUp expects full-year revenue to be in the range of $307 million to $309 million, up 18 percent year-over-year at the midpoint.
Earlier this year, ThredUp in late September unveiled a full rebrand designed to strengthen its position as a leader in the now-mainstream secondhand market.
Copyright © 2025 FashionNetwork.com All rights reserved.
Published
November 4, 2025
Primark has unwrapped its ‘Full on Festive Feels’ Christmas campaign featuring “affordable fashion, joyful gifting and community”. It’s just launched in 470 Primark store windows globally, and across digital and social media channels.
The campaign’s theme is all about “friends and family capturing their festive celebrations and the moments that give people the full-on festive feels, without having to break the bank”.
“Whether it’s nights in wearing cosy FamJams, glitz and glam partywear for nights out with friends, those festive home finds or tying the bow on the perfect present”, Primark said the aim is to bring “all the festive feels at the incredible value that it’s famous for”.
This year, fashion also plays a major part in a line-up featuring essential seasonal pieces that make up its new price promotion-based ‘Major Find’, which offers products or a look “reflecting a style of the moment, at unbeatable value”.
This includes a corset leopard-print mini dress (£10), a black peplum top, and a black sculpted coat (£20). Other standout pieces to complete the festive look are a coordinated two-piece, including a black sequin top (£16) and matching black sequin trousers for (£20).
But, of course, the other major aspect of this year’s campaign theme is ‘community’ and Primark’s also donating gift packs totalling £250,000 to local charities. Stores have partnered with them to provide specially selected gift packs of clothes and festive essentials to people who need them.
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The total value of goods imported was 2 per cent higher than it was in the first half (H1) of 2024, CBS said in a press release.
In each month of Q1 2025, more goods were traded than in the same month of 2024. In April and May, trade was down from last year, but in June it was higher once again.
Dutch international trade in goods rose in the first half (H1) of 2025 compared with H1 2024, according to Statistics Netherlands (CBS).
Exports increased 1.9 per cent and imports 2 per cent YoY.
While mineral fuel trade declined, exports of other goods were largely stable or higher.
Trade with Belgium, France, and the UK weakened, whereas exports to Germany and the US and imports from China grew.
Imports and exports of mineral fuel declined in H1 2025: the import value was 11 per cent lower, while the export value was 15 per cent lower. In other product categories, exports were higher than the previous year or were down by less than those of mineral fuels.
There has been geopolitical turbulence around the world in recent months, and trade with certain neighbouring countries seems to have suffered particularly in the first half of 2025. The value of imports from Belgium and the United Kingdom was down, for instance, as was the value of exports to Belgium and France, added the release.
Exports to the Netherlands’ key trading partner, Germany, saw an increase, while imports from China rose 5 per cent YoY in the first half (H1) of 2025. Exports to the United States climbed 11 per cent, with the most notable growth occurring in February, March, and April.
Fibre2Fashion News Desk (SG)
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