CEO INTERVIEW If any segment of the fashion industry has been hit hard by the corona crisis then it is bridal fashion; or so you would think. "The bridal fashion industry is very resilient," says Amandine Ohayon, CEO of the Pronovias Group, during a telephone conversation with FashionUnited. "Of course, […]

Harvey Nichols has reportedly appointed advisers to weigh up options for the company amid a drop in footfall at its locations which are usually particularly popular with tourists. The luxury department store chain has called in accounting firm PwC to look into the “viability of its store estate and […]

A recession is often paired with a slump in sales and cost-cutting, but brands and retailers looking to reduce spending shouldn’t necessary cut their marketing budgets, according to research published by the Harvard Business Review (HBR). “Companies that have bounced back most strongly from previous […]

Mike Ashley’s Frasers Group has acquired DW Sports out of administration. The company, which owns brands Sports Direct, House of Fraser, Jack Wills and Evans Cycles, among others, said it has acquired “certain” assets of DW Sports for an initial cash consideration of 37 million pounds. Frasers Group […]

Celine Group Holdings, the holding company for Debenhams, has reportedly called in advisers to prepare its own administration. Philip Watkins and Philip Armstrong from FRP Advisory have been called in as advisers, The Times reports. The move means Celine wouldn’t have to pay overdue interest payments […]

ANALYSIS New York –Swedish fashion e-tailer Boozt raised its profitability forecast for 2020 for the second time in two months after recording a jump in the second quarter sales as the customers turned to online shopping amidst the COVID-19 pandemic. Boozt announced sales rose 38 percent year-on-year […]

New York – The U.S. Department of Commerce’s Retail Sales Report tracks sales across 13 retail sectors. Since falling by 14.7 percent in April – the largest monthly decline in recorded history – retail sales have surged non-stop for three consecutive months. Monthly retail sales in May and June rose […]

Seth Rodsky, co-founder and managing partner of Strand Equity Partners, announced earlier this month the launch of a new 500 million dollars investment firm with the target of backing fast-growing brands. The new investment firm is called Spotlight Brands and will initially make majority or minority […]

Foot Locker beat earnings estimates Friday reporting second-quarter revenue of 2.08 billion dollars, up 17 percent from the prior-year period. The New York-based footwear retailer said those figures were boosted by comparable-store sales which were up 18.6 percent in the quarter. The company reported […]

Gerry Weber has reported a drop in sales yet narrowing losses for the first half of the year after the company was impacted both by the Covid-19 pandemic and its ongoing restructuring. Group sales for the six months fell 43.3 percent to 140.5 million euros, compared to 247.7 million euros in the prior-year […]

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