Shoe Carnival, Inc. reported net sales of 239.9 million dollars for the fourth quarter, a 2.2 percent increase over the same quarter of fiscal 2018, while comparable store sales increased 3.2 percent. Gross profit margin for the quarter increased to 29.1 percent compared to 28.4 percent, while net income […]

ANALYSISNew York – China was the first market severely affected by the novel coronavirus pandemic, offering a great example not only in terms of how to fight the virus outbreak but also regarding the many ways the retail industry has watered the crisis. From WeChat private groups to live-streaming shows, […]

Dear customer, business partner and friend, this crisis gives us the chance to steer the boat we are all in, in the right direction. We, that is manufactures, retailers, trade fairs and agencies - in other words, the entire fashion supply chain. In the last few days I have been on the phone with many […]

New Look has requested a three-month rent holiday from landlords amid the ongoing coronavirus pandemic. In a business update, the British fashion retailer said it is also looking to “significantly” reduce marketing costs, pause all production, delay all significant capital expenditure projects, and […]

The UK government is giving companies an additional three months to file accounts to help them prioritise managing the impacts of Covid-19. Normally, all companies on the Companies House register - of which there are around 4.3 million - must submit their accounts and reports each year, with automatic […]

Womenswear retailers Oasis and Warehouse are reportedly back up for sale. The chains' owner, Icelandic lender Kaupthing, has appointed administrators from Deloitte to hold talks with potential buyers in the last few days, Sky News reports. The news comes after the UK government ordered all ‘non-essential’ […]

Consolidated sales at SMCP, parent company of Sandro, Maje and Claudie Pierlot, reached 1,131.9 million euros (1,223 million dollars), up 8.7 percent at constant currency, mainly driven by an international sales growth of 14.2 percent with mainland China registering more than 30 percent rise at constant […]

Nike revenues increased to 10.1 billion dollars in the third quarter, up 5 percent on a reported basis and up 7 percent on a currency-neutral basis, driven by 13 percent currency-neutral growth in Nike Direct with digital growth of 36 percent and strong growth across EMEA, APLA and North America, offset […]

A bankruptcy filing might be in the cards for luxury retail chain Neiman Marcus, as was first reported by Bloomberg Law on Monday. The Dallas-based company is struggling with debts and has been meeting with its lenders to discuss options that would allow it to continue operating and cut costs, and one […]

JD Sports Fashion Plc. (JD.L) on Tuesday said that all of its stores are closed in the UK, United States and Europe due to COVID-19. The company said its Board does not believe it appropriate to provide financial guidance for the current financial year ending January 30, 2021. In its update on the impact […]

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