In the second quarter of 2020, Safilo S.p.A. posted total net sales of 114.5 million euros, down 54 percent at current exchange rates and 53.7 percent at constant exchange rates with wholesale business down 55.2 percent. In the first half, group’s net sales equalled 335.6 million euros, down 32.3 percent […]

Tailored Brands, Inc., parent company of Men’s Wearhouse and Jos. A. Bank, has entered into a restructuring support agreement (RSA) with more than 75 percent of its senior lenders. The company said in a statement that to implement the terms of the RSA, the company has filed voluntary Chapter 11 petitions […]

Nike is still reeling from the economic fallout from coronavirus. Their latest casualty as a result of this is their Portland headquarters where 500 jobs will be axed. In a state filing, Nike reported that they will be shedding 500 jobs with layoffs going into effect on October 1. The news was reported […]

Neiman Marcus Group Ltd.’s creditors say the retailer inflated its own value by billions of dollars when it made the corporate transfer of its e-commerce site MyTheresa in 2018. An inflated value of the business would undermine its debt, making any transfer of assets an improper transaction under U.S. […]

VF Corporation’s first quarter revenue decreased 48 percent or 47 percent in constant dollars to 1.1 billion dollars driven by store closures and lower consumer demand as a result of the Covid-19 outbreak. Gross margin decreased 340 basis points to 52.9 percent, and on an adjusted basis, gross margin […]

Under Armour reported net loss for Q2 on Friday. Revenues dropped by 40.6 percent from the same period last year. The company's net loss for Q2 was -183 million dollars, increased from net loss of -17 million dollars a year earlier. Furthermore, revenues slipped to 708 million dollars. Under Armour […]

Amazon smashed earning estimates on Thursday as the company continues to prosper amid the Covid-19 pandemic as shoppers increasingly look online to buy. The US retail giant’s sales for the second quarter ended 30 June increased 40 percent to 88.9 billion dollars, well above analysts’ estimates of 81.24 […]

Wastewater treatment has always posed a significant challenge to manufacturers and fashion brands. Some, like the global sustainability initiative Fashion for Good, see it as an attractive opportunity for innovation. Together with its Scaling Programme start-up SeaChange Technologies, which has developed […]

Deckers Brands has reported a 2.3 percent net increase in sales for the first quarter to 283.2 million dollars. The group, which owns brands Ugg, Hoka One One, Teva and Sanuk, said its net loss narrowed to 8 million dollars from 19 million dollars a year earlier. Its gross margin was 50.3 percent compared […]

Columbia Sportswear Company reported a 39.7 percent drop in sales to 316.6 million dollars for the second quarter compared to the same period last year. The company reported a net loss of 50.7 million, compared to net income of 23 million dollars in the same period last year. Chairman, president and […]

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