Group revenue at Superdry fell by 19.2 percent year-on-year to 704.4 million pounds (904.3 million dollars), which the company said, was driven by a decline in both divisions, with retail declining 18.2 percent and wholesale declining by 20.7 percent. The group’s statutory loss after tax for the year […]

The TJX Companies, Inc. has announced that on September 16, 2020, its board of directors elected José B. Alvarez to the board, effective immediately. The company said in a statement that Alvarez previously served on TJX’s board from 2007 through 2018. Commenting on Alvarez’s appoint to the board, Carol […]

Aspinal of London has launched a CVA proposal. The British retailer operates as an e-commerce business alongside ten stores in the UK across city centres, and also trades from concessions in department stores: Harrods and Selfridges.For the CVA to go ahead, the proposal needs approval from 75 percent […]

Rocket Internet SE has announced a consolidated loss of 12 million euros (14.2 million dollars) for the first six months in 2020. The company said in a statement that it generated 45 million euros (53.3 million dollars) of consolidated revenue and earnings per share of negative 0.07 euro in H1 2020. […]

Tiffany is fighting back against LVMH, after the conglomerate pulled out of its acquisition deal earlier this month. The luxury jewelry brand filed a lawsuit against LVMH, to which the latter threatened to countersue. Now Tiffany is pushing back, once again. LVMH filed an opposition in Delaware Chancery […]

In the first six months of this year, the John Lewis Partnership made a loss 55 million pounds, while sales were up marginally by 1 percent. The company said in a statement that in John Lewis, online sales growth was strong at 73 percent, helping to offset the impact of shop closures, with overall sales […]

Next brand full price sales in the first half of this year were down 33 percent on last year and total sales including markdown sales were down 34 percent, while profit before tax was 9 million pounds. Next plc said in a statement that since full price sales at the beginning of the second half have […]

‘Technology’ in fashion is a wide-reaching term, one that covers anything from product data and traceability, to logistics, inventory management and garment labels. As an umbrella term, technology covers all of these topics and is an increasingly pivotal enabler of circular business models. But when […]

As of June 30, 2020, the Salvatore Ferragamo Group reported revenues of 377 million euros down 46.6 percent at current exchange and 46.9 percent at constant exchange rate. Revenues in the second quarter registered a 60.1 percent decrease at current exchange and 59.4 percent at constant exchange rates. […]

When it comes to wholesale buying and selling, Neocles is disrupting the industry with its innovative, efficient and intelligent system. Neocles reduces barriers to purchasing and provides an Instagram-like canvas for frequent and authentic storytelling by the brands. The tech firm recognises that fashion […]

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