According to preliminary, unaudited results, Tom Tailor Holding SE reported revenue decline of 4.8 percent to 803.1 million euros (882 million dollars) due to continued decrease in revenue at Bonita amid the difficult market situation as well as further planned store closures in this segment. The company […]

Monsoon Accessorize has announced its trading has been “badly affected” by Covid-19 and as a result is mulling a potential sale of the business. The company said it had been trading well up until the impact of the coronavirus pandemic took its toll on the industry, indicating that the Company Voluntary […]

Tom Tailor SE has announced that it will publish the preliminary results for fiscal 2019 rather than the full financial statements as originally planned owing to the significant worsening of market conditions in almost all markets relevant to the Tom Tailor Group due to the corona crisis and the associated […]

Zalando SE expects its results for the first quarter to be significantly below the analysts’ consensus of March 11, which did not yet take into account the effects of the coronavirus. The company said in a statement that this is due to lower discretionary spending by European consumers as a result of […]

Activewear and lifestyle brand Lululemon has announced its commitment to its community—which includes consumers, staff, and ambassadors—through the time of the coronavirus. In response to many requests, Lululemon has launched its community—much of which gathers at its retail locations—online with a […]

Save The High Street, an organisation that aims to support local retailers with tools, skills, and digital capabilities, is launching a 12-week Covid-19 support programme to help those struggling with the impact of Covid-19. The pandemic has caused unprecedented disruption to the already struggling […]

INTERVIEW Buenos Aires – The postgraduate coordinator at the Marangoni Institute London, Abdullah Abo Milhim, was in Buenos Aires giving a masterclass about the fashion value in the era of big data, analytics and intelligence artificial. With a strong background in finance, economy and luxury products, […]

British property giants Hammerson and Intu have both announced they have received just a fraction of the rent payments they were expecting to collect from their store portfolios as Covid-19 continues to disrupt the retail industry. Hammerson, which owns Bullring shopping centre in Birmingham, said that […]

Mothercare has announced that it has made “significant progress” with its ongoing transformation strategy but has been directly impacted by Covid-19. At the end of last year, the maternity and babywear specialist announced plans to transform the business and generate revenues through an asset-light […]

Austrian skinwear and hosiery specialist Wolford has successfully changed its entire production in its headquarters in Bregenz and factory in Slovenia from tights and bodies to face masks to support global efforts in fighting Covid-19. Since the beginning of March, Wolford’s production facilities have […]

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