Gross revenue in the fourth quarter totalled 335.5 million Brazilian real (64.4 million dollars) at Restoque Comércio e Confecções de Roupas S.A., down 12.6 percent, which the company said was impacted by the measures adopted by the company to eliminate channel conflicts and reinforce the positioning […]

In this time of crisis, on social networks, in our personal conversations and in the press, a question about fashion often comes up: will we still need it? On Instagram, fashion journalist @Abou_sega asked his subscribers about the future of fashion and shared a varied panorama of answers. One follower […]

Berlin - Adidas (ADDYY.PK, ADDDF.PK) said it stop a 1 billion euros share buyback it had planned for this year, citing economic uncertainty caused by the dynamic developments related to the coronavirus outbreak. The adidas Executive Board decided to proactively adopt a conservative approach to liquidity […]

In a transformational phase, Eric Bompard has named Barbara Werschine as the company’s new Chief Executive Officer, effective immediately. Werschine joins Eric Bompard from Zadig & Voltaire, where she served as vice president for Europe since 2018. The family-owned French cashmere sweater brand […]

The Children’s Place has suspended all store operations in the United States and Canada beginning March 18, 2020. The company said in a statement that store sales were planned to represent approximately 65 percent of Q1 fiscal 2020 revenue with a significant portion of sales planned for the months of […]

Tailored Brands, Inc. has reopened its ecommerce fulfilment centres effective March 30 and these centres have begun shipping online orders. The company also announced that its factory in New Bedford, Massachusetts, in conjunction with a leading privately held manufacturer and distributor of medical […]

J. C. Penney Company, Inc. has announced extension of the temporary closure of its stores and business offices due to the coronavirus pandemic. As a result of its store closures, the company said in a statement, it has decided to temporarily furlough the majority of store hourly associates, beginning […]

Considering the high level of economic uncertainty caused by the dynamic developments related to the coronavirus outbreak, Adidas Ag said in a statement that its executive board has decided to formally stop the repurchasing of Adidas shares for the remainder of the year. The company had earlier announced […]

Everlane has laid off a high number of workers as retailers across the fashion industry cope with a harsh economic state. Though it is not clear how many workers have been let go, WWD reports that "several hundred" workers were affected. A twitter account called Everlane Union has been chronicling the […]

Ralph Lauren Corporation has taken additional pre-emptive actions to preserve cash and strengthen its liquidity while navigating the evolving global pandemic. The company said in a statement that measures include managing its expense structure across all key areas of spend, reducing or delaying capital […]

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