Administrators of Arcadia are reportedly set to permanently close 31 of the group’s stores by the end of January, resulting in some 714 redundancies. The closing stores include the entire 21-strong store estate of Arcadia’s Outfit brand, The Times reports. Arcadia called in administrators from Deloitte […]

China-economy-Alibaba-technology Alibaba's shares surge as Jack Ma reappears ATTENTION - RECASTS with share price surge in HK trade /// Beijing, Jan, 2021 (AFP) - Shares in internet giant Alibaba soared more than eight percent Wednesday after billionaire founder Jack Ma made his first public appearance […]

In the third quarter, Burberry Group Plc said, despite reduced operating hours and the closure of up to 62 stores, it achieved a high single-digit full-price sales increase. However, reported retail revenue fell 4 percent to 688 million pounds with Covid-19 related store closures averaging 7 percent […]

For the third quarter to December 31, 2020, sales at Compagnie Financière Richemont SA increased by 1 percent at actual exchange rates and by 5 percent at constant exchange rates to 4,186 million euros compared to the prior year period. In the nine-month period, the company recorded sales decrease of […]

Marcolin Group has announced the appointment of Roberta Viganò as Marketing Communication Manager. Reporting directly to the Marketing, Communication & Events Director Matteo Blandi, Viganò, the company said, will be responsible for the worldwide communication activities of the group’s brands, supervising […]

Jil Sander could soon return to Italian ownership as Only the Brave (OTB), the parent company of Diesel, confirmed interested in acquiring the house. According to WWD, the due diligence process is already in progress, confirming the speculations from December that the Group’s founder Renzo Rosso was […]

Transparency and sustainability remain two of the largest topics within the global fashion industry today. While many brands and retailers are beginning to pay more attention to their supply chains’ environmental and social impact, adopting new ways of working more transparently remains a challenge. […]

Multi-channel retailer Wolf and Badger has reported a “consistent rise” in overall global sales last year, despite what it calls a turbulent 2020 for retail, and expects to report overall revenue growth of 79.1 percent. Wolf and Badger said that 2020 was another year of growing full-year revenues and […]

Matalan has reported a drop in revenue for the third quarter of the year as lockdowns took their toll on the company’s in-store sales. For the 13 weeks to 28 November 2020, total revenue at the omnichannel fashion and homeware retailer dropped 21.5 percent to 244.8 million pounds. That drop reflected […]

Superdry has reported widening losses for the first half of the year as lockdowns took their toll on revenue. For the six months to 24 October 2020, underlying loss before tax at the British fashion retailer widened to 10.6 million pounds compared to 2.3 million pounds last year. Revenue fell by 23.4 […]

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