Canadian womenswear brand Aritzia has reported a Covid-related drop in revenue for the second quarter of the year, slightly offset by surging online sales. For the quarter ended August 30, net revenue at the brand fell 17 percent year-on-year to 200 million dollars, which the company attributed to occupancy […]

The Fast Retailing Group’s revenue and profit declined in fiscal 2020. The company said in a statement that for the twelve months to August 31, 2020, consolidated revenue totalled 2.0088 trillion yen, down 12.3 percent and operating profit totalled 149.3 billion yen, down 42 percent resulting from large […]

For the period to September 30, 2020, Kinnevik reported NAV of 107.9 billion Swedish krona or 388 Swedish krona per share, up 20.3 billion Swedish krona or 23 percent in the quarter, adding back paid dividend of 1.9 billion Swedish krona. The company said in a statement that adjusting for the dividends […]

After a special season of its digital debut in early 2020, SS2021 Shanghai Fashion Week will open from Thursday 8th October with a line-up featuring showcase, trade fairs, and diverse events. The event will run physically, under Chinese government’s COVID-19 Guidelines for events and activities. This […]

Matalan has reported a dive in profit for the second quarter of the year following heavy discounting at the British fashion and homeware retailer. For the 13 weeks ended 29 August 2020, EBITDA loss post adoption of IFRS16 was 28.5 million pounds, compared to 42.8 million pounds the year before. This […]

Total sales at Asos Plc grew by 19 percent to 3,263.5 million pounds and profit before tax increased to 142.1 million pounds, an increase of 109 million pounds for the year to August 31, 2020. The company said in a statement that active customer base grew by 3.1million to 23.4 million, up 15 percent […]

VF Corporation has announced organizational changes in support of its ongoing business model transformation and to ensure greater alignment in the management of its core and emerging brands portfolio. With these changes, the company said in a statement, leaders of VF’s three core brands (Vans, The North […]

Eighteen fashion brands from Belarus have been looking into the possibility of expanding into the European Union for the past two years. Even though extra challenges have arisen due to the coronavirus, they have decided to continue pushing forward regardless. Nikolai Morozov from the Morozov label and […]

Fashion school Polimoda announced a new call for applications as part of the scholarship plan worth more than 2 million euros made available by the school for the 2020/2021 academic year to help families and support the recovery of the fashion sector following the Covid-19 emergency. 90 new scholarships […]

A network of garment factories in Leicester, some of which have supplied retailers Boohoo and Select Fashion, have been involved in a money laundering and VAT fraud scandal, according to an investigation by BBC Radio 4. The activity was brought to light by a civil court case between the bosses of two […]

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