Over 250,000 small businesses across the UK are set to fold in 2021 according to findings by the Federation of Small Businesses (FSB). Its latest index shows confidence at its second lowest ebb in the ten year history of its report. The figures echo research by McKinsey and Company, which said in September […]

Comparable sales at Zumiez Inc. increased 1.7 percent for the ten-week period ended January 9, 2021, while total sales decreased 0.7 percent impacted by required governmental closures and other restrictions associated with the Covid-19 Pandemic. The company said in a statement that from a regional perspective, […]

Crocs, Inc. has raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent. “Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs’ history,” said Andrew Rees, the company’s Chief Executive Officer in a statement, adding, […]

Destination XL Group, Inc. has announced 23.9 percent drop in its holiday sales to 78.4 million dollars. The company said in a statement that comparable sales in the omni-channel retail business for the same period decreased 24 percent, primarily due to a decrease in comparable store sales of 38.1 percent, […]

Lululemon Athletica Inc. now expects revenue and earnings to be at the high end of its prior range of expectations for the fourth quarter of fiscal 2020 ending January 31, 2021. Commenting on the updated outlook, Calvin McDonald, the company’s Chief Executive Officer, said in a statement: “We’re pleased […]

Tilly’s, Inc. has announced growth in its net sales for the nine-week period ended January 2, 2021. Total net sales of 148.7 million dollars increased by 3.3 percent for the 2020 holiday period, while total comparable net sales, including both physical stores and e-commerce, increased by 2.7 percent […]

VF Corp. (VFC), a provider of branded lifestyle apparel, footwear and accessories, announced a transformation plan for its Asia Pacific operations, with relocations over the next 12 to 18 months with the first moves expected in April 2021. VF plans to move the center of its brand operations from Hong […]

From Retail to E-Commerce The COVID-19 pandemic is an unprecedented global economic shock. Some apparel, fashion and footwear companies might not survive the current crisis, whereas others will emerge better positioned for the future. Although no one in the industry could foresee the intensity of this […]

Dr. Martens Limited has announced that it is considering an initial public offering and that it intends to publish today a registration document. The company is considering applying for admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on […]

JD Sports Fashion Plc has said in a statement that against a backdrop of further forced temporary store closures in many of the global territories, total revenues for the twenty two week period to January 2, 2021 in the group’s like for like businesses were more than 5 percent ahead of the prior year […]

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