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 […]

German sportswear giant Adidas is reportedly mulling a sale of Reebok and could be looking to offload it as early as March 2021. Chinese sportswear giant Anta Sports and VF Corp, the US company behind brands Vans, The North Face and Timberland, could be among interested bidders, according to German […]

For the first nine months of 2020, Moncler said that the company recorded revenues of 765.1 million euros, a decrease of 23 percent at current exchange and of 22 percent at constant exchange rates impacted by the Covid-19 pandemic, whose effects continued also in the third quarter of this year, although […]

Kering’s consolidated revenue in the third quarter totalled 3,717.7 million euros, down 4.3 percent as reported and 1.2 percent on a comparable basis. This performance, the company said, represents a sharp rebound compared with the year-on-year contraction of 43.5 percent as reported and 43.7 percent […]

UK chancellor Rishi Sunak has announced additional financial support for jobs and businesses as the country grapples with a growing number of Covid-19 cases and new lockdown restrictions. As part of the new measures, the Job Support Scheme, which will come into effect on 1 November and looks to replace […]

Calvin Klein, Inc. has announced that Jacob Jordan, who has been working in a consulting capacity with the company since May 2020, will be joining the brand team full-time as Global Chief Merchant and Product Strategist, effective immediately. Jordan will report to Cheryl Abel-Hodges, Chief Executive […]

New post-Brexit rules could affect UK fashion companies and retailers, with the government launching an information campaign to step up preparations. Don’t get “caught out” and “time is running out” campaigns are urging firms to be mindful of the January 1st deadline. Unfortunately, there is no blueprint […]

Edinburgh Woollen Mill (EWM) Group is reportedly seeking more time to secure a rescue deal as the company teeters on the brink of administration. The group, whose portfolio includes brands Jaeger, Peacocks and Bonmarché, earlier this month filed a notice to appoint FRP Advisory as administrators with […]

Post Offices across the UK are helping to generate 1.1 billion pounds in additional revenue for the country’s struggling high streets, new research reveals. According to the study by The Public First research, commissioned by the Post Office, 33 percent of people say they had popped into a shop, café, […]

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