Wolverine World Wide, Inc. reported revenue of 349.1 million dollars, down 38.6 percent versus the prior year. On a constant currency basis, the company said in a statement, revenue was down 38.3 percent versus the prior year, while company-owned ecommerce revenue grew 96 percent versus the prior year. […]

Capri Holdings Limited’s total revenue of 451 million dollars decreased 66.5 percent for the first quarter, while on a constant currency basis, total revenue decreased 66.2 percent. Gross profit was 302 million dollars and gross margin was 67 percent compared to 834 million dollars and 62 percent in […]

Amazon has confirmed it is preparing to launch in Sweden as the US retail giant continues its expansion. The company said the move will provide “new opportunities” for the country’s businesses “to reach new customers”. Third-party sales currently account for around 60 percent of all physical products […]

In the first half of 2020, the Lenzing Group said that it faced a historically difficult market environment with increased pressure on prices and volumes resulting from the Covid-19 crisis. The company said in a statement that immediate effects of the Covid-19 crisis further increased price pressure […]

The Express Inc. saw a significant increase in ecommerce demand and apparent stabilization in store sales and traffic in July, as it continues to drive the transformational work of its corporate strategy - The Expressway Forward. The company estimates second quarter comparable sales to be down 24 percent […]

River Island is reportedly the most recent retailer to potentially undertake a company voluntary arrangement (CVA) or other form of administration due to the effects of the Covid-19 pandemic. The fashion company is considering the move in an attempt to close or cut rents on some of its 300 stores, according […]

RTW Retailwinds, Inc. has announced an asset purchase agreement with Sunrise Brands, LLC for the sale of its e-commerce business and all related intellectual property, including its websites, Nyandcompany.com, Fashiontofigure.com and its rental subscription businesses Nyandcompanycloset.com and Fashiontofigurecloset.com […]

Ralph Lauren reported net loss in the first quarter of 128 million dollars or loss of 1.75 dollars per diluted share on a reported basis. On an adjusted basis, net loss was 133 million dollars or loss of 1.82 dollars per diluted share. This compares to net income of 117 million dollars or 1.47 dollars […]

Plymouth-based Project Plan B is calling on designers, product developers and the PPE and workwear industry to consider the environmental impact of their garments and think about products’ end of working life, which has become more apparent due to the coronavirus pandemic. Nearly 90 percent of UK workwear […]

Scottish value fashion retailer M&Co is reportedly close to calling in administrators. The company is on the brink of a pre-pack administration deal that would see the company’s assets sold back to its founders, the McGeoch family, and could result in 50 of its stores closing permanently, Sky News reports. […]

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