Suzy Menkes, the coiffed critic who put catwalk fashion on the map at the International Herald Tribune and later New York Times, is exiting her role at Vogue International. The news comes as the 2020 Condé Nast Luxury Conference is canceled, of which Menkes was curator and host. A statement on its website […]

The supervisory board of Hugo Boss Ag has appointed Oliver Timm as Chief Sales Officer (CSO) with effect from January 1, 2021. In this position, the company said in a statement, he will assume global responsibility for the group’s own retail operations as well as wholesale and e-commerce businesses. […]

Esprit has announced that it has received a green light from the Düsseldorf District Court for the restructuring process. The company said in a statement that the key elements of the restructuring plan include headcount reductions of approximately 1,200 employees or 20 percent of the workforce, in the […]

Capri Holdings Limited has said that its fourth quarter revenue declined 11.3 percent to 1,192 million dollars, while full year revenues increased by 6 percent to 5,551 million dollars. The company’s fourth quarter net loss was 551 million dollars or 3.69 dollars per diluted share compared to net income […]

Capri Holdings reported its net loss for Q4 decreased on Wednesday. Compared with the same period last year, revenues also decreased by 11.3 percent. For Q4, the company's net profit was -552 million dollars, dropped from 19 million dollars last year. Furthermore, revenues dropped to 1,192 million dollars. […]

Macy’s, Inc. for the first quarter of 2020 reported net sales of 3.017 billion dollars compared to 5.504 billion dollars for the same quarter last year. The company said in a statement that net loss for the quarter was 3.58 billion dollars compared to net income of 136 million dollars last year, while […]

British menswear retailer TM Lewin is to permanently close all 66 of its stores after falling into administration, resulting in 600 job losses. The company’s assets have reportedly been bought back by its owner Torque Brands through a pre-pack deal which doesn’t include its store estate, The Telegraph […]

The company said on Wednesday its Q1 net loss decreased. Compared with the same period last year, revenues also dropped by 45.2 percent. The company's net profit for Q1 was -3,581 million dollars, down from 136 million dollars a year earlier. Furthermore, revenues slipped to 3,017 million dollars. Compared […]

Over two-thirds of businesses have seen a decrease in revenue since the start of the pandemic, according to a survey conducted by the Dublin-based Digital Marketing Institute (DMI). It comes as no surprise as brands and retailers, especially smaller businesses, have decreased their overall marketing […]

Arcadia is cutting around 500 jobs from its 2,500-strong head office workforce to help it mitigate the impact of Covid-19. An Arcadia spokesperson said in a statement: “Due to the impact of Covid-19 on our business including the closure for over three months of all our stores and head offices, we have […]

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