Urban Outfitters, Inc. posted net income of 34 million dollars and earnings per diluted share of 35 cents for the three months ended July 31, 2020, while for the six months period, net loss was 104 million dollars and loss per diluted share was 1.06 dollars. The company said in a statement that total […]

Nordstrom, Inc. reported loss per diluted share of 1.62 dollars, while the company’s net sales decreased 53 percent from last year, reflecting temporary store closures for approximately 50 percent of days during the quarter due to Covid-19, in addition to an approximately 10-percentage point timing […]

ANALYSISNew York – The market sees potential for Nike (NKE) after the stock went through an initial crash at the beginning of the coronavirus pandemic. Now, the athletic apparel company’s shares are back to all-time highs. “Nike is in the early innings of a massive digital transformation” that is much […]

ANALYSIS New York –Traditionally one of the key shopping seasons for retailers, this year’s back-to-school is poised to be if anything, one of a kind. With the majority of countries still figuring out the best way to return to the classroom safely, many debates are taking the apparel industry by storm. […]

French luxury giant LVMH and US jewelry brand Tiffany & Co have reportedly delayed the deadline for their acquisition deal by three months. The 16.2 billion dollar deal is now set to close in November after it failed to close on 24 August, the date set out in the documents of the deal, Reuters reports, […]

New York-based Vegan fashion brand Apparis has announced the closing of a 3 million dollar seed round. The brand, which is known for its bold and colorful faux fur coats, said the money would help it establish “a strong digital direct-to-consumer strategy and to continue to aggressively grow the business […]

Home secretary Priti Patel has written to Boohoo urging the fast-fashion retailer to “step up” and ensure its suppliers are “protected and remediated” following allegations of poor working conditions. An undercover investigation by The Sunday Times in July found that some factories in Leicester that […]

Online intimates brand Bare Necessities is to be acquired by global clothing manufacturer Delta Galil Industries. The transaction is expected to close in the next few weeks and be accretive to earnings next year, Delta Galil said in a statement. Established in 1998, Bare Necessities currently offers […]

Clearpay, the retail payments platform known as Afterpay in the US, Australia and New Zealand, is expanding into Spain, France and Italy with the acquisition of Pagantis. The ‘buy now, pay later’ payments provider announced that it has entered into an agreement with NBQ Corporate SLU to acquire Pagantis […]

Topshop-owner Arcadia has been accused of offering some of its staff redundancy pay based on the 80 percent pay they received while furloughed, rather than their regular pay. The retailer confirmed in July it was to cut 500 jobs from its 2,500-strong head office workforce to help mitigate the impact […]

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