L Brands, Inc. reported net sales of 1.654 billion dollars for the first quarter ended May 2, 2020 compared to 2.629 billion dollars for the quarter ended May 4, 2019. The company said in a statement that loss per share was 1.07 dollars compared to earnings per share of 14 cents for the same quarter […]

While the rest of the world is on pause, Gareth Pugh is plotting a comeback. The namesake founder is assuming complete control of his trademark and has bought back 49 percent of his trademark from Rick Owens. Back in 2006 Pugh sold his trademark to Rick Owens and his Italian production partner Olmar […]

Last week, several statements concerning changes in the global fashion system appeared on the Internet and in the media. The Business of Fashion published the petition #rewiringfashion online, under which, at the time of publication, there were almost 1500 signatures from around the world. Alexander […]

Marks & Spencer has released a full-year trading update revealing the extent of the impact Covid-19 has had on the business and laying out its strategic road to recovery. For the 52 weeks to March 28, revenue at the British retail giant fell slightly by 1.9 percent to 10.18 billion pounds. Fourth-quarter […]

Urban Outfitters, Inc. announced that preliminary net loss for the first quarter was 138 million dollars and preliminary loss per diluted share was 1.41 dollars compared to net income of 33 million dollars or earnings per diluted share of 31 cents, respectively. Total company net sales decreased 31.9 […]

British luggage brand Antler has fallen into administration, resulting in 64 redundancies. The company, which operates 18 retail stores and one concession outlet, has appointed Will Wright and Steve Absolom from KPMG as joint administrators. KPMG said the brand will continue to trade via its online […]

Six board members of Jigsaw have reportedly stepped down as the British premium fashion retailer looks to “streamline” its business amid the Covid-19 crisis. The board members are Isabel Spearman, Despina Don-Wauchope, David Hall, Richard Walker, James Murray-Wells and Silvana Rossi. In a statement […]

French Connection has announced in a trading update that it is seeking funding as it recovers from the impact of Covid-19 and prepares to reopen stores. The British fashion retailer said that it has been in talks with various potential funding partners in light of its current cash position and the continued […]

N Brown Group plc said that trading has improved from the sudden and significant decline experienced in March with product sales down 25 percent in the last six weeks. The company said in a statement that it has seen significant growth in home & gift categories, up 74 percent, but continued weakness […]

Licensing and operations for the BCBG brands are returning to Marquee Brands, which owns both BCBG Max Azria and BCBGeneration. Previously, licensing for both brands was controlled by Centric Brands, which has filed for bankruptcy this week. Marquee Brands will continue operations of wholesale and e-commerce […]

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