Cath Kidston has revealed a new brand transformation strategy with a focus on digital acceleration and global growth following the completion of its administration process in April. Supported by a renewed investment from owner Baring Private Equity Asia, the new plan sees the British retailer focus […]

Steve Madden revenue decreased 30.9 percent to 346.9 million dollars compared to 502.1 million dollars in the same period of 2019. The company’s gross margin increased 130 basis points to 40.3 percent, while net loss attributable to Steven Madden, Ltd. was 6.9 million dollars or 9 cents per diluted […]

Crocs, Inc. reported third quarter revenues at 361.7 million dollars, an increase of 15.7 percent or 15.9 percent on a constant currency basis, with growth in all three channels. The company said in a statement that operating income increased 80.7 percent to 72.1 million dollars and operating margins […]

Clarks has reportedly kicked off talks with landlords over a rescue deal that could see the company close stores and cut rents. The British footwear retailer and its advisers are meeting with landlords this week to discuss a potential company voluntary arrangement (CVA) that could see its stores moved […]

British online retailer The Hut Group (THG) has increased its full-year outlook after reporting soaring sales for the third quarter of the year. In the three months ended 30 September, revenue at the Manchester-based company increased 38.6 percent to 378.1 million pounds compared with the previous year. […]

For the year ended March 31, 2020, Quiz, the omni-channel fashion brand said, group revenue decreased 10 percent to 118 million pounds reflecting challenges during the year as well as a sharp decline in March sales due to Covid-19 disruption. The company said in a statement that group gross margin was […]

Vinted, Europe’s online C2C marketplace dedicated to second-hand fashion has acquired United Wardrobe, second-hand fashion platform in the Netherlands to accelerate rapid expansion to new markets and extend their international footprint. The company said in a statement that with a combined member base […]

Man Repeller, the website founded by influencer Leandra Medine Cohen, will be ceasing operations. The news originally broke on Business of Fashion. Medine Cohen had a Zoom call with the Man Repeller team on Monday, where she announced the publication would close. Employees will be receiving severance […]

Carter’s, Inc. said in a statement that net sales for the third quarter decreased 78.2 million dollars or 8.3 percent to 865.1 million dollars reflecting decreased sales to certain wholesale customers, decreased traffic to company-operated stores, and decreased back-to-school sales due to ongoing disruptions […]

Last week LVMH set a precedent for other luxury groups when it posted double digit growth for its fashion and accessories businesses in Q3. While in the first nine months organic revenue declined by 11 percent, due to global lockdown measures and store closures, the third quarter saw a strong rebound […]

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