In September, the fashion industry’s efforts in the areas of sustainability, resale and recycling continued. Brands and retailers have accepted the challenge to produce greener, more sustainable and resourceful products, campaigns and ways of operating. As far as cooperations are concerned, industry […]

Caleres has announced Amy Hunter will join the company as Vice President of diversity, equity and inclusion, effective October 21, 2020. Hunter, the company said in a statement, will help drive the company’s diversity, equity and inclusion strategy development and organization, including overseeing […]

LVMH Moët Hennessy Louis Vuitton recorded revenue of 30.3 billion euros in the first nine months of 2020, down 21 percent. On an organic basis, the company said in a statement, revenue declined 21 percent. The company added that revenue was down 7 percent in the third quarter to 12 billion euros on […]

New York – The Irish fashion retailer Pamela Scott will be closing near half of its stores across Ireland. On Thursday, the High Court appointed temporary administrators to the two related companies that operate the namesake brand’s 13 fashion retail stores. Pamela Scott’s pre-existing financial struggles […]

The Intu Potteries shopping centre in Stoke-on-Trent has undergone a change in management following the collapse in the summer of its owner, British property giant Intu. The site, which later this year will be renamed to The Potteries Centre, will now be run by property management business MAPP, while […]

In November 2019 LVMH announced it was to buy American jeweller Tiffany in an unprecedented 16 billion dollar deal. The following month, the onset of the coronavirus pandemic would change the course of the retail and luxury industry, so too company valuations, and mergers and acquisitions for the unforeseeable […]

British shopping centre operator Hammerson has said it has collected 41 percent of Q4 group rent so far but remained optimistic about improving levels. Breaking it up by country, the firm collected 38 percent of UK rents, 33 percent in Ireland, and 51 percent in France. It noted that these levels are […]

The UK’s Information Commissioner's Office (ICO) has said it will launch a probe into Swedish payment provider Klarna following complaints it had sent emails to people who had never used its service. The data protection watchdog said it received a flurry of complaints of the marketing email from people […]

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 […]

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