During the first quarter under review, the Richemont Group’s trading and operations were strongly impacted by Covid-19 resulting in sales decline of 47 percent at constant and actual basis to 1,193 million euros (1,360 million dollars). The company said in a statement that sales contracted significantly […]

Tilly’s, Inc. said, since their respective reopening dates and through July 14, 2020, customer traffic in the reopened stores has decreased by 27 percent and comparable store net sales in the reopened stores have decreased by 5.1 percent with a very wide disparity in comparable store net sales results […]

J. C. Penney Company, Inc. is aligning its workforce with its store optimization strategy and reduced store footprint. The company said in a statement that JCPenney has identified 152 store closures following a comprehensive evaluation of store performance and strategic fit for the company and is having […]

PVH Corp has announced it will be closing all of its Heritage Brands outlets and cutting around 12 percent of its office workforce as it looks to streamline its operations in the region amid the coronavirus pandemic. The company, whose portfolio comprises Tommy Hilfiger, Calvin Klein and Heritage Brands, […]

American influencers, including Chriselle Lim, Brittany Xavier, Danielle Bernstein and Nicolette Mason have formed the not-for-profit membership trade association, the American Influencer Council (AIC), to offer “integrity, viability and growth of the US influencer marketing industry in a globally connected […]

Sales for the period to June 30, 2020 at Asos were up 10 percent to 1,014.2 million pounds with a steady improvement, reflecting increasing warehouse capacity, underlying improvement in demand and a beneficial returns profile. The company said in a statement that active customer base increased to 23 […]

Comparable sales at Burberry declined 45 percent in Q1, easing to negative 20 percent in June, while growth in Mainland China and Korea in June was ahead of pre Covid-19 levels. Total sales for the quarter declined by 48 percent to 257 million pounds. “In Q1, sales were severely impacted by the drop […]

StockX has revealed that May and June were the two biggest buyer months in the company's history, with sales soaring despite industry-wide challenges caused by the Covid-19 pandemic. In fact, excluding promos and holidays, the online resale marketplace recorded 18 of its top 20 sales days in Q2 2020, […]

Fashion is face to face with a time of reckoning, from #PayUp to #BLM to #FashionRevolution; ethical, environmental and social issues have taken centre stage. The usual playbook of taking a snap of an incredibly happy woman in traditional clothes, working away at the factory, coupled with vague sustainability […]

The coronavirus crisis has resulted in a significant loss of turnover for many companies. Those participating with CBI's Ready to Trade project have experienced this first-hand. But these entrepreneurs were not just going to sit back and watch their companies go under. They used their creativity and […]

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