Back in April, at the start of a global lockdown in response to the coronavirus pandemic, analysts and experts warned of a new era to come for the fashion and luxury industries. Nine months later, at the onset of a second lockdown forcing retail closures in the U.K. and across Europe, almost no CXOs […]

After the irruptions, as consequence of the lock down measures early this year, the “business to business” fashion logistics market slowly started to recover during summer. Nevertheless, sales figures did not manage to reach the levels as expected, since consumers became conservative in their spending, […]

Chinese e-tailer Alibaba and Swiss luxury group Richemont, two titans of the fashion industry, have invested 1.1 billion dollars in London-based fashion marketplace Farfetch as it looks to expand its presence in China. The tie-up will see Alibaba launch Farfetch luxury shopping channels on its Tmall […]

In the six month period under review, Richemont said, trading was significantly impacted by the worldwide spread of the Covid-19 pandemic and its resulting negative impact on trading conditions. Sales decreased by 26 percent at actual exchange rates and by 25 percent at constant exchange rates to 5.5 […]

The UK government has announced it is extending the country’s furlough scheme by five months and to increase support for self-employed workers. Chancellor Rishi Sunak said Thursday the Coronavirus Job Retention Scheme (CJRS) will now run until the end of March with employees receiving 80 percent of […]

Canada Goose Holdings Inc. , for the second quarter recorded total revenue of 194.8 million Canadian dollars from 294 million Canadian dollars. The company said, DTC revenue dropped to 46.2 million Canadian dollars compared to 74.2 million Canadian dollars driven by lower retail traffic due to Covid-19 […]

Wolverine World Wide, Inc. reported revenue of 493.1 million dollars, down 14.1 percent, while on a constant currency basis, revenue was down 14.6 percent and company-owned ecommerce revenue grew 56.4 percent versus the prior year. “The Company’s third quarter results significantly exceeded our expectations, […]

For its third quarter, Hanesbrands Inc. reported net sales of 1.81 billion dollars compared with 1.87 billion dollars a year ago. The company sold 179 million dollars in personal protective garments globally. Excluding the exited programs and the effect of changes in foreign exchange rates, total constant-currency […]

In October, the fashion industry’s efforts in the areas of sustainability, resale and circularity seemed to have switched to a higher gear. Cooperations especially came through, be it to introduce innovative new materials, provide second hand clothes or ecological innovations. Brands and retailers are […]

Mike Ashley’s Frasers Group is reportedly out of the race to acquire Debenhams ater failing to match a 300 million pound price tag demanded by the UK department stores group’s advisers. According to The Times, those advisers must now choose whether they want to liquidate the 232-year-old business, break […]

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