French ophthalmic company EssilorLuxottica SA (ESLOF.PK, ESLOY.PK) Friday said it recorded solid growth in the months of January and February, in line with its full year targets. Due to the evolving coronavirus or COVID-19 pandemic, the company said its outlook for fiscal 2020 is no longer valid. In […]

Sports Direct boss Mike Ashley has said he is “deeply apologetic” for his company’s earlier efforts to keep stores open amid the country’s lockdown and has offered to help the NHS during the pandemic. On Monday evening, prime minister Boris Johnson announced the immediate closure of all ‘non-essential’ […]

The COVID-19 epidemic has brought many changes to businesses, one being a sudden shift to remote work for many employees. During the past few days, like many others, I have been trying to find a way to get my job done from my living room. How do people do it, I asked myself while looking for a pen. […]

In response to the COVID-19 outbreak, Myer Holdings Limited will temporarily close all stores from the close of business on March 29, 2020 for an initial period of four weeks until April 27, 2020. The company said in a statement that Myer will continue to operate all online businesses and has reduced […]

For most apparel brands and retailers, “where do we start?” is an important question on their way to circularity. In 2017, the Global Fashion Agenda provided important pointers as to where the industry should go with the 2020 Circular Fashion System Commitment. For some, setting these goals was just […]

Oxford Industries, Inc. reported decrease in consolidated net sales to 297.6 million dollars in the fourth quarter compared to 298.5 million dollars in the fourth quarter of fiscal 2018, while comparable sales increased 4 percent. Earnings on a GAAP basis were 90 cents per share in the quarter compared […]

Governments across the world have ordered the closure of non-essential stores during the COVID-19 crisis, but many online retailers are unable to fulfil orders with a lack of back-end support and staff. Department store Fenwick announced this week it would close both its online and physical stores, […]

LVMH has announced it has pushed the date of its annual shareholders’ meeting scheduled for next month back to the end of June due to the Covid-19 pandemic. The French luxury conglomerate, whose portfolio includes brands Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy and Fenty, said in […]

Shoe Carnival, Inc. reported net sales of 239.9 million dollars for the fourth quarter, a 2.2 percent increase over the same quarter of fiscal 2018, while comparable store sales increased 3.2 percent. Gross profit margin for the quarter increased to 29.1 percent compared to 28.4 percent, while net income […]

Nordstrom, Inc. has announced extension of its temporary store closure plan for at least one week, through April 5, which includes all U.S. and Canada stores, including Nordstrom, Nordstrom Rack, Trunk Club, Jeffrey, Nordstrom Local and Last Chance. The company said in a statement that since it will […]

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