Ralph Lauren Corporation has reported loss per diluted share of 3.38 dollars on a reported basis and loss of 68 cents on an adjusted basis, for the fourth quarter of fiscal 2020 compared to earnings per diluted share of 39 cents on a reported basis and 1.07 dollars on an adjusted basis for the same […]

The company reported a Q4 net loss on Wednesday. Revenues dropped by 15.4 percent from the same period last year. For Q4, the company's net loss was 249 million dollars, slipped from 32 million dollars last year. Revenues decreased to 1,274 million dollars. The profit margin of the company decreased […]

Total net sales at OVS amounted to 1,370.1 million euros (1,501.1 million dollars), decreasing by 1.5 percent compared to last year. The company said in a statement that this slight decline is mostly attributable to the strategy in place of decreasing purchases and lower promotional activities, to the […]

Macy's Inc, whose business moves will be closely watched as we are coming out of the coronavirus pandemic, has begun its refinancing procedures. The company has announced the offering of 1.1 billion dollars in secured notes that were set to maure in 2025. The company intends to use those notes along […]

As retailers and property owners navigate store closures, re-openings, and keeping employees and customers safe, ShopperTrak, part of Sensormatic Solutions is programming webinars offering actionable insights to set retailers up for success. The ‘new normal’ is bringing so many changes and questions […]

The sale of Moss Bros will go ahead following a back and forth in recent months between the brand and its suitor, Crew Clothing-owner Brigadier Acquisition Company Limited. So what exactly happened? The 22.6 million pound deal for Brigadier to take the 169-year-old brand private was originally announced […]

The latest brand to enter the running list of coronavirus bankruptcies is Diane von Furstenberg, the posh founder of the infamous wrap dress. DVF Studio, the brand’s UK business, has gone into administration and its Mayfair flagship store on Bruton street, which closed during the pandemic, will be permanently […]

Safilo and Ports (Ports Asia Holding) have announced a new ten-year license agreement for the design, manufacture and distribution of Ports branded sunglasses and optical frames. The company said in a statement that this agreement, which is set to cover the Mainland China market, foresees the first […]

Macy's is expecting a loss of up to 1.11 billion dollars for Q1 as their stores were on lockdown since March. Some stores have begun reopening as lockdown restrictions have been lifted in some states, and they are anticipating that sales recovery will be gradual, but full recovery will be a long time […]

In an ultimate attempt to unite the fashion industry and connect even more professionals, FashionUnited launched a B2B Marketplace providing apparel buyers with unique trend insights and brand collection overviews. The world is changing and moving faster than ever towards the digitization of the industry. […]

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