Imperial Spa has acquired a majority stake in the Basel-based women’s fashion retailer Anouk SA. The transaction was carried out by the formation of the new company Imperial Retail Switzerland AG. Additionally, the Italian fast-fashion group will expand its online presence by launching an e-store in […]

Moss Bros is relaunching its online operations on 13 May after closing them eight weeks ago due to Covid-19. The British menswear tailoring brand announced on Tuesday it has implemented necessary changes to its e-commerce operations to allow its workers to safely return to work under the government’s […]

Rocket Internet SE anticipates a loss for the first quarter of approximately 162 million euros or loss of 1.18 euro per share. The company said in a statement that preliminary result for the quarter is significantly impacted by lower valuations of participations, which have declined in a market environment […]

The National Retail Federation (NRF) is the largest retail trade association in the world. The NRF consists of members from all phases of the retail industry ranging from department stores to independent retailers. Representing not only the United States, but they also encompass over 45 countries. Often […]

For its first quarter, Under Armour, Inc. reported revenue decrease of 23 percent or down 22 percent currency neutral to 930 million dollars, with approximately 15 percentage points of the decline related to Covid-19 pandemic impacts in the quarter. Wholesale revenue decreased 28 percent to 592 million […]

Canadian footwear retail chain Aldo has filed for protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada to stabilise the business. The court restructuring process began last week in Canada, explained Aldo, and it was seeking similar protections in the United States and in Switzerland, […]

Interview It’s no mystery that the outbreak of the coronavirus pandemic has taken its toll on the fashion industry. Countless fashion events were postponed or cancelled, while retailers saw their sales revenue drop as they closed shop. Russia is no exception. The country has seen 209,688 confirmed cases, […]

French conglomerate Kering has launched a 1.2 billion euro dual-tranche bond, after the luxury group reported that group revenue fell by 15.4 percent in the first quarter as a result of the coronavirus pandemic. Kering, whose portfolio includes Saint Laurent, Gucci, Balenciaga, Bottega Veneta and Alexander […]

Austrian cellulose fibre producer Lenzing Group reacted quickly to the need of the hour and founded a new company, Hygiene Austria LP GmbH, together with Vienna-based Palmers Textil AG two weeks ago, which, in times of Covid-19, will concentrate entirely on the production of mouth-nose protective masks […]

In these unprecedented times of globally enforced shutdowns, social distancing and shopper safety fears, retailers are challenged to re-emerge from the pandemic with a plan to make the shopping experience safer and smarter for employees and customers. A holistic approach addressing physical protections, […]

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