Online personal styling service Stitch Fix saw its revenues return to growth for the fourth quarter but still swung to a loss. The San Francisco-based company's net revenue reach 443.4 million dollars in the quarter, up 11 percent compared to the previous year on an adjusted basis. Its active client […]

Première Vision, the esteemed Parisian fabric fair, was upbeat about the performance of its first Digital Show, held 15 to 16 September. Pivoting the biannual event to a digital version, the fair secured 1,675 exhibitors and showed over 43,000 products to 19,500 visitors from 120 countries. “The performance […]

Asda is reportedly planning to cut 50 jobs at the Leicester head office of its fashion branch, George at Asda. The redundancies, which account for 10 percent of the head office’s team, were announced to staff on Tuesday, Drapers reports. The move reportedly aims to switch the office’s hierarchical structure […]

British lifestyle brand Joules, in a trading update covering the 13 weeks to August 30, 2020 said that despite the highly challenging trading backdrop, group revenue performance during the period was ahead of the board’s expectations at 39.6 million pounds, with revenue from the group’s own e-commerce […]

Myer Holdings Limited has announced that non-executive directors Lyndsey Cattermole AM and Julie Ann Morrison have decided to retire at the 2020 annual general meeting, and do not intend to seek re-election. The company said in a statement that with a view to further reducing board costs, Myer will […]

Second quarter net sales at OVS amounted to 273.1 million euros, down by 18 percent compared to the same period last year. The company said in a statement that the result is well above expectations considering the postponement of the end of season sales period from July to August and the inevitable […]

Ahlers Ag has announced that the company will reduce around 80 employees, thereof about 65 in Germany, across all areas and hierarchical levels. The company said in a statement that in addition to a few individual measures for reorganization, the measures particularly include the relocation of logistics […]

For its first quarter, Nike, Inc. reported revenues of 10.6 billion dollars, down 1 percent on a reported basis and flat to prior year on a currency-neutral basis. The company said in a statement that Nike Direct sales were 3.7 billion dollars, up 12 percent on a reported basis, and up 13 percent on […]

Ralph Lauren Corporation has announced that as part of its plan to accelerate sustainable long-term growth, the company will reduce its global workforce by the end of the company’s fiscal 2021, which is expected to result in gross annualized pre-tax expense savings of approximately 180 million dollars […]

Dick’s Sporting Goods, Inc. has appointed Sandeep Mathrani, the Chief Executive Officer of WeWork, and Desiree Ralls-Morrison, the Senior Vice President, General Counsel and Corporate Secretary at Boston Scientific Corporation, to the company’s board of directors. Dick’s also announced that Vincent […]

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