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 […]

By 2022, Hugo Boss aims to generate online sales of more than 400 million euros compared to 151 million euros in 2019 and to achieve this target, the company plans to expand Hugoboss.com to 24 new markets in fiscal year 2020. The company said that the plan also includes the rollout of Hugoboss.com to […]

Ted Baker has announced it has completed the sale and leaseback of its London HQ, known as The Ugly Brown Building. The British luxury label sold the building to a wholly-owned subsidiary of British Airways Pension Trustees Limited for a cash consideration of 78.75 million pounds. The net proceeds of […]

INTERVIEW For years, fashion companies insisted that suppliers comply with social standards, only to leave factories and their workers to their fate by cancelling orders during the coronavirus pandemic. More than a thousand clothing makers in Bangladesh are currently struggling through this bitter reality […]

After 23 years at Adidas, Karen Parkin, executive board member responsible for global human resources has left the company effective June 30, 2020. The company said in a statement that Adidas CEO Kasper Rorsted will assume responsibility for global human resources on an interim basis until a successor […]

ANALYSIS Lululemon Athletica stock started rising after hours on Tuesday, following news on the yoga fashion brand’s acquisition of Mirror, a home fitness business. The deal’s price tag is 500 million dollars. The market sees this deal as a move by the fashion retailer to meet consumers where they are […]

New York - On Tuesday Moody’s ratings agency confirmed that it maintains El Corte Inglés' long-term credit rating at Ba1. Moody’s analysts have also affirmed the Ba1 rating of the department store operator’s senior bond issue for 690 million euro. Moody's highlights the "solid performance of its food […]

British luxury department store chain Harrods is looking to reduce its workforce of 4,800 employees by up to 14 percent to help it cut costs and mitigate the impact of Covid-19. CEO Michael Ward said in an internal note to colleagues, seen by FashionUnited, that “after exploring every option available” […]

German sportswear makers Adidas and Puma said Tuesday they would join a growing advertiser boycott over hate speech against Facebook and Instagram in July, following major consumer companies like Levi's and Coca-Cola. "Puma will join the #StopHateForProfit campaign... throughout July," a spokeswoman […]

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