New York – The Scotland-based fashion brand QUIZ reported Wednesday a substantial drop in sales for the five-month period ending August 31. During that time, QUIZ registered 12.8 million pounds in sales, a 77 percent decline on the 55.2 million pounds revenues generated from 1 April to 31 August 2019. […]

New York – The British fast-fashion retailer warned Wednesday that it could be forced to consider “less favourable alternatives”, including liquidation, if they failed to convince creditors to back its business turnaround proposals. So far, about 10 landlords, including the owners of large shopping […]

Burberry has announced plans to issue a sustainability bond to fund social and environmental improvements. It is the first luxury brand to do so in a bid to attract ethical investors. Proceeds from the fund will be used to finance eligible projects listed under Burberry’s new Sustainability Bond Framework […]

American Eagle Outfitters, Inc. has reported EPS of negative 8 cents for the 13 weeks ended August 1, 2020 compared to 38 cents for the 13 weeks ended August 3, 2019, and adjusted EPS of negative 3 cents compared to adjusted EPS of 39 cents last year. Total net revenue for the quarter decreased 157 […]

Luxury giant LVMH said Wednesday it was calling off its planned 16.2-billion dollar acquisition of US jeweller Tiffany, as the glittering marriage threatened to descend into a bitter legal battle. LVMH said its board had decided not to tie the knot after all, following "a succession of events which […]

The Department for International Trade (DIT) has announced new trade measures for the consumer and retail industry to help support businesses impacted by the coronavirus pandemic. The ‘bounce-back’ plan, announced by the exports minister includes new measures to “help boost exports and increase British […]

Almost one-fifth of SMEs don’t think they’d survive another lockdown and would be forced to stop trading permanently if one came into effect, according to a new report by small business insurer Simply Business. The study spoke to more than 500 SME owners across the UK and also found that a third (32 […]

Lululemon Athletica inc., for the second quarter ended August 2, 2020 reported net revenues of 902.9 million dollars, an increase of 2 percent, while on a constant dollar basis, net revenue increased 3 percent. The company said in a statement that company-operated stores net revenue was 287.2 million […]

LVMH Group has appointed Martin Brok as the new President and CEO of Sephora, effective September 14, 2020, reporting to Chris de Lapuente. The company said in a statement that Lapuente remains a member of the LVMH Comex and will take on additional responsibilities within the Group, to be announced […]

HanesBrands has announced the appointment of Kristin L. Oliver to the position of Chief Human Resources Officer, effective today. The company said in a statement that Oliver will have responsibility for all HanesBrands human resources functions globally and will report to Chief Executive Officer Stephen […]

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