Prada is seeing a rebound in sales as it saw an increase of more than 10 percent in China this month. But while the Chinese market is rebounding, sales in Europe are lagging, specifically in the luxury sector which depends on visitors. In a television interview with Bloomberg, Prada’s chief executive […]

Debenhams has confirmed it is to cut hundreds of jobs at its head offices as it looks to streamline its administrative functions. About 160 jobs have already gone from the retailer’s merchandising team as well as a similar number from buying and an undisclosed number from design and human resources, […]

While traditional brands and retailers are struggling to manage inventory, overstock and decreasing consumer spending, there are those that are thriving in the current corona crisis: sustainable designs and resale fashion for example. Brand collaborations are also still going strong. If you have missed […]

Burlington Stores, Inc., for the first quarter ended May 2, 2020 reported total sales decrease of 51 percent to 798 million dollars. The company’s gross margin rate was 2 percent vs. last year’s rate of 41 percent, driven primarily by a 272 million dollars inventory charge against aged inventory due […]

Nordstrom, Inc. reported that its first quarter net sales decreased 40 percent to 2,026 million dollars from last year. The company said in a statement that loss per diluted share was 3.33 dollars, which included charges of 1.10 dollars associated with the impact of Covid-19. “We successfully strengthened […]

The company reported a Q1 net loss on Thursday. Compared with the same period last year, revenues also slipped by 39.5 percent. For Q1, the company's net profit was -62 million dollars, which decreased from 513 million dollars last year. Revenues decreased to 2,026 million dollars. The profit margin […]

Abercrombie & Fitch Co. has reported net loss per diluted share of 3.90 dollars and 3.29 dollars on a reported and adjusted non-GAAP basis compared to net loss per diluted share of 29 cents on both, reported and adjusted non-GAAP basis last year. Net sales for the quarter declined by 34 percent […]

Revenue at Steve Madden decreased 13.6 percent to 359.2 million dollars compared to the same period of 2019. The company said in a statement that gross margin for the quarter was 37.2 percent compared to 38.9 percent in the same period last year. The company added that net loss attributable to Steven […]

The company reported a Q1 net loss on Thursday. Revenues slipped by 33.9 percent from the same period last year. The company's net loss for Q1 was -244 million dollars, surged from -19 million dollars a year earlier. Furthermore, revenues slipped to 485 million dollars. Abercrombie & Fitch (NYSE: ANF) […]

Boohoo has announced the acquisition of the remaining 34 percent of shares in Limited (PLT) from its minority shareholders Umar Kamani and Paul Papworth for an initial consideration of 269.8 million pounds, potentially rising to 323.8 million pounds. The company said in a statement […]

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