Paul Costelloe Opens 40-year-old London Fashion Week with Classic Designs

A model presents a creation at the Paul Costelloe catwalk show during London Fashion Week in London, Britain, February 16, 2024. REUTERS/Hollie Adams
A model presents a creation at the Paul Costelloe catwalk show during London Fashion Week in London, Britain, February 16, 2024. REUTERS/Hollie Adams
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Paul Costelloe Opens 40-year-old London Fashion Week with Classic Designs

A model presents a creation at the Paul Costelloe catwalk show during London Fashion Week in London, Britain, February 16, 2024. REUTERS/Hollie Adams
A model presents a creation at the Paul Costelloe catwalk show during London Fashion Week in London, Britain, February 16, 2024. REUTERS/Hollie Adams

London Fashion Week kicked off on Friday with Irish designer Paul Costelloe championing classic looks and bringing a little bit of nostalgia to the catwalk as the showcase event celebrates its 40th birthday.
The 78-year-old designer, who could not attend the show due to illness, presented a mix of whites, dark greys and plenty of tweeds in his "Once upon a Time" autumn/winter 2024 collection, described as "Where Limerick meets Downtown New York".
Models in white jackets and floaty skirts opened the show. A selection of plaid looks followed, with the color palette then turning darker for tailored tweed skirt suits, belted coats and short feminine dresses, Reuters reported.
For the evening, there were patterned frocks with puffy sleeves.
"This collection expresses my view that classic design still has its place in high fashion," Costelloe said in show notes.
"I have added a personal moment of nostalgia by adding a print based on the street where I once lived. It was a glorious moment to dream and live."
Costelloe's team also shared a note from the designer explaining his absence due to a virus and wishing London Fashion Week a "happy 40th birthday".
This year marks 40 years since the British Fashion Council (BFC) held its first London Fashion Week, which is one of the four big catwalk fixtures alongside New York, Milan and Paris and is best known for its emerging talent and avant-garde trends.
On Thursday night, several London landmarks were lit up green for the occasion and other celebrations are planned for the year.
"Of course, 40 is kind of a coming of age, a maturity and when we look back, I think we reflect on the incredible creativity that has come through London, and London Fashion Week as a platform," BFC Chief Executive Caroline Rush told Reuters.
"It continues to be about youth culture, subcultures, creativity, innovation and really leading where the rest of the fashion industry will no doubt follow."
Costelloe's show was one of more than 40 catwalk presentations this London Fashion Week, which runs until February 20, with the likes of Burberry, Bora Aksu and Mark Fast also on the calendar.



American Eagle Sticks to Annual Sales Forecast Again, Shares Slump

FILE PHOTO: A view of an American Eagle Outfitters store in Arlington, Virginia, US, June 1, 2021. REUTERS/Erin Scott/File Photo
FILE PHOTO: A view of an American Eagle Outfitters store in Arlington, Virginia, US, June 1, 2021. REUTERS/Erin Scott/File Photo
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American Eagle Sticks to Annual Sales Forecast Again, Shares Slump

FILE PHOTO: A view of an American Eagle Outfitters store in Arlington, Virginia, US, June 1, 2021. REUTERS/Erin Scott/File Photo
FILE PHOTO: A view of an American Eagle Outfitters store in Arlington, Virginia, US, June 1, 2021. REUTERS/Erin Scott/File Photo

American Eagle Outfitters on Wednesday reiterated its annual comparable sales forecast, as the apparel maker sees persistent pressure on seasonal categories in its namesake brand amid choppy discretionary spending.

Shares of the company, which said it expects current-quarter gross margin to be flat from a year earlier, fell about 10% in extended trading, Reuters reported.

Demand for apparel has remained uneven as stubborn inflation and macroeconomic uncertainty prompt shoppers to focus on ⁠value and essentials ⁠such as gas and groceries and wait for promotions before buying clothing and accessories.

American Eagle, like peers such as Gap, has been navigating challenges including weakness in certain seasonal categories in the last few months.

"We have seen a little pressure on seasonal ideas in American Eagle," said Jennifer Foyle, executive creative director at American Eagle and Aerie, adding ⁠that the company continues to see some of that pressure going into the third quarter and is working on right-sizing inventory.

For the quarter ended August 1, inventory cost was up 14% from a year ago, including the impact of incremental tariffs. The company said it plans to continue rebalancing inventory across brands and categories throughout the year.

The broader apparel sector has seen mixed demand patterns, with some retailers struggling to anticipate shifting fashion trends and changing customer preferences.

The inventory issues and promotional activity in the third quarter for American Eagle are primarily concentrated ⁠in some seasonal businesses, ⁠especially shorts, Foyle said, adding that "there is some fashion that we need to ensure that we're clearing."

"American Eagle continues to struggle as our experts have pointed out a less-clear brand voice and merchandising strategies ... AE falls behind the likes of Levi's and Abercrombie," said Patrick Ricciardi, analyst at Third Bridge.

The company, which maintained its fiscal 2026 comparable sales forecast for the second time this year, expects it to be up mid-single digits.

American Eagle's quarterly revenue of $1.38 billion edged past analysts' estimates of $1.37 billion, according to data compiled by LSEG.

It raised annual operating income target after including the impact of $196 million in tariff refunds received during the second quarter.


Ralph Lauren Opens Fur-free New York Fashion Week

Models walk the runway during the Ralph Lauren Spring 2027 Collection show during New York Fashion Week in New York on September 9, 2026. (Photo by ANGELA WEISS / AFP)
Models walk the runway during the Ralph Lauren Spring 2027 Collection show during New York Fashion Week in New York on September 9, 2026. (Photo by ANGELA WEISS / AFP)
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Ralph Lauren Opens Fur-free New York Fashion Week

Models walk the runway during the Ralph Lauren Spring 2027 Collection show during New York Fashion Week in New York on September 9, 2026. (Photo by ANGELA WEISS / AFP)
Models walk the runway during the Ralph Lauren Spring 2027 Collection show during New York Fashion Week in New York on September 9, 2026. (Photo by ANGELA WEISS / AFP)

Legendary US designer Ralph Lauren on Wednesday kicked off New York Fashion Week with his namesake brand's Spring/Summer 2027 collection, as the industry showcase implements its first full ban on fur on the runway.

The 86-year-old designer, whose preppy aesthetic has influenced American style for decades, featured looks that emphasized his signature colors, navy blue and white.

Hints of gold, beige and dusty rose completed the palette, AFP reported.

Oscar-winning actresses Viola Davis and Ariana DeBose joined "Wicked" star Cynthia Erivo in the front row at the show, which took place on the eve of fashion week's official launch.

The label said the collection sought to upend "traditional notions of chic" and rework historical silhouettes. Suit trousers were paired with a leather jacket, a boater hat and ballet slippers.

Of course, there were gowns that the A-list Hollywood talent could easily wear to red carpet events.

US fashion house Coach, known for its handbags and other leather accessories, hosted the only other show on Wednesday -- a calm night before the fashion frenzy picks up pace, beginning in New York before heading to London, Milan and Paris.

Both brands have found success this year despite a slowing luxury market due to their more accessible branding, with each reporting double-digit revenue growth in the last quarter.

New York Fashion Week gets into full swing on Thursday, with Henry Zankov debuting his first collection as artistic director at Diane von Furstenberg.

Other shows on Thursday include Proenza Schouler, Christian Siriano, Tory Burch and Tommy Hilfiger -- which made waves with its latest ad campaign featuring Super Bowl champion Travis Kelce, who happens to be Taylor Swift's husband.

Upcoming shows to watch out for during the roughly 70 collections set to hit New York runways this week include Michael Kors and Calvin Klein on Friday, Carolina Herrera on Monday and Thom Browne's show to end the week on Tuesday.

In December, the Council of Fashion Designers of America (CFDA), which organizes New York Fashion Week, announced that it would ban animal fur from its official events beginning this month.


Zara Owner Inditex Reports Strong August Trading Amid Heatwaves

A Zara logo is displayed on the facade of a store of the brand, owned by Spanish fashion retailer Inditex in London, Britain, September 2, 2026. (Reuters)
A Zara logo is displayed on the facade of a store of the brand, owned by Spanish fashion retailer Inditex in London, Britain, September 2, 2026. (Reuters)
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Zara Owner Inditex Reports Strong August Trading Amid Heatwaves

A Zara logo is displayed on the facade of a store of the brand, owned by Spanish fashion retailer Inditex in London, Britain, September 2, 2026. (Reuters)
A Zara logo is displayed on the facade of a store of the brand, owned by Spanish fashion retailer Inditex in London, Britain, September 2, 2026. (Reuters)

Zara owner Inditex reported a better-than-expected start to its autumn trading on Wednesday, with currency-adjusted sales up 9% in August, even as extreme heat across Europe reshapes shopping behavior in its biggest market.

The fast-fashion giant made €11 billion ($12.8 billion) in sales in its second quarter running May to July, a strong showing in a summer of high energy prices and weak ‌consumer sentiment amid ‌the ongoing Iran war.

"These excellent results ‌highlight ⁠the extraordinary capabilities of ⁠our teams," CEO Oscar Garcia Maceiras said in a statement, adding that it was operating in a "highly complex global environment."

Inditex is flying high: its share price hit a record of €59.1 last month, and the Hong Kong IPO filings of ultra-cheap fashion platform Shein revealed ⁠a sales slowdown, evidence that the competitive pressure ‌on European fast-fashion groups ‌like Zara and H&M is easing.

The Spanish company is expanding ‌its cheapest brand, Lefties, into Britain, with plans to ‌open in Germany next year, as Inditex tries to capture more spending from lower-income shoppers who may have been alienated by Zara's push into higher price points.

Inditex's gross profit grew 8.3% ‌in the first half to €11.6 billion, with a gross margin of 58.7%.

Retailers in ⁠Europe and the US are having to change their sourcing schedules to adapt to hot weather that is stretching into the back-to-school season when stores usually start selling jackets and coats.

Western Europe had its hottest June and July on record, according to European Union scientists, as climate change pushes temperatures up and fuels wildfires across the region.

Inditex has been spending significantly on revamping stores and improving its logistics; RBC analysts estimate its annual capital expenditure is around three times that of its Swedish rival H&M.