Johannes Altmann, owner and CEO of consulting firm Shoplupe, is one of the most important e-commerce minds in Germany when it comes to the customer experience. The current situation presents a real paradigm shift, not only for brick and mortar stores but also for online retailers. We asked the online […]

The next few weeks are crucial for small and medium-sized fashion companies, who must carefully budget cashflow. Many may not survive. Research published by the BBC says nearly 20 percent of all SME’s are unlikely to get the cash they need to survive the month of April, despite government-backed proposals […]

Next is reportedly looking to offload its London HQ and three of its warehouses in its latest effort to mitigate the impact of Covid-19 on the business. The news comes after the company announced last week it was halting online orders during the pandemic to ensure the safety of its employees working […]

European textile and clothing manufacturing could suffer a 50 percent drop in sales and production due to the Covid-19 pandemic as they struggle with the financial and logistical implications of the crisis, new data suggests. An ongoing poll by the European Apparel and Textile Confederation (Euratex) […]

VF Corporation has announced the appointment of Nina Flood as President, Eastpak, effective April 1, 2020. The company said in a statement that she will be based in Antwerp, Belgium where the brands’ marketing and sales operations are based and will report to Martino Scabbia Guerrini, Executive Vice […]

Fashion retailer Asos has taken criticism for staying online and open for business, following reports from the GMB Union that its warehouse staff were terrified about going to work, as they feel unsafe amid the coronavirus crisis. The GMB Union released a statement saying that Asos were “playing Russian […]

Fourth quarter revenue at PVH Corp increased 5 percent or 6 percent on constant currency basis to 2.6 billion dollars compared to the prior year period. The company said in a statement that loss per share on a GAAP basis was 93 cents for the quarter compared to earnings per share of 2.09 dollars in […]

As the world's second largest apparel producer after China, Bangladesh is feeling the ripple effects of the fashion industry which has been heavily hit by coronavirus. The country is expected to lose 6 billion dollars this year from cancelled orders from major fashion retailers. The news was reported […]

Typically an economic downturn is a rare time for mergers and acquisitions, but L'Oréal has just completed the acquisition of both Mugler and Azzaro perfumes. Last year, the cosmetics conglomerate announced a deal with Clarins to purchase the two perfume brands, and in the midst of a global pandemic, […]

Gross revenue in the fourth quarter totalled 335.5 million Brazilian real (64.4 million dollars) at Restoque Comércio e Confecções de Roupas S.A., down 12.6 percent, which the company said was impacted by the measures adopted by the company to eliminate channel conflicts and reinforce the positioning […]

Related news

MORE NEWS

 

LATEST JOBS

 

MOST READ