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 […]

As a result of the renewed officially ordered closure of 169 of the total of 171 stores until at least the end of January 2021, the management board of Adler Modemärkte AG has decided to file an application for the opening of insolvency proceedings in self-administration with the local court of Aschaffenburg. […]

Reuters has reported that the United States says it will suspend certain tariffs on French cosmetics, handbags, and other imports in retaliation of a digital services tax Washington says will harm U.S. tech firms. The U.S. Trade Representative’s Office said the 25 parent tariffs on French imports, valued […]

The United States has scrapped a new tariff on French goods in retaliation for a digital services tax. Goods including cosmetics, handbags and luxury items would have been subject to a 25 percent import tax. The U.S. is investigating the digital tax which it says could harm its native tech companies. […]

Sportswear giant JD Sports has acquired independent menswear retailer Wellgosh for an undisclosed sum. JD Sports confirmed the acquisition in an email to FashionUnited. Wellgosh was founded 30 years ago by Pete Turner in Leicester’s Silver Arcade. It comes after JD Sports acquired US footwear retailer […]

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