JD.com, Inc., for the three months ended September 30, 2020 reported net revenues of 174.2 billion Chinese yuan (125.7 billion dollars), an increase of 29.2 percent from the third quarter of 2019. The company said in a statement that net income attributable to ordinary shareholders was 7.6 billion Chinese […]

Sir Philip Green’s Arcadia is reportedly seeking tens of millions of pounds in funding from lenders as it continues to grapple with the impact of Covid-19. The group, whose portfolio includes Topshop, Burton and Dorothy Perkins, has approached several potential lenders about borrowing around 30 million […]

UK-based creative company The Midnight Club has launched a mentorship programme to support young creatives beginning their careers. The Help Our New Emergent Youth (Honey) initiative has been set up to offer young creatives mentorship across brand and business strategy, creative and concept direction, […]

Men’s Wearhouse owner Tailored Brands has announced it expects to exit Chapter 11 bankruptcy by the end of November after winning approval for its reorganisation plan by the US Bankruptcy Court for the Southern District of Texas. The company filed for bankruptcy back in August after experiencing a significant […]

The UK’s Competition Appeal Tribunal has overturned a decision made earlier this year by the country’s Competition and Markets Authority (CMA) to block an acquisition by JD Sports of rival sportswear retailer Footasylum. The CMA announced in May it had blocked the 90 million pound deal after finding […]

With petrol-based yarns, fibres and fabrics still being around and 66 percent of all garments globally being sent to landfills in 2019 alone - more than one million tons and an increase of more than 800 percent over the last 60 years - the fashion industry needs to make inroads to decrease its environmental […]

The Fast Retailing Group has announced a shakeup of the business model of its premium denim brand J Brand which will result in an undisclosed number of job cuts. To be more precise, the company said it will launch a “strategic plan to rearticulate the business model” of the brand “and shift direction […]

The owner of British footwear retailer Hotter Shoes is reportedly preparing to put the business up for sale. Electra Private Equity has called in investment bank Stifel to run an auction of the company during the course of next year, Sky News reports. Sources told the publication that the sale process […]

US fashion e-tailer Revolve has more than doubled its profit in the third quarter despite a small dip in sales. For the three months to 30 September, the California-based company saw its net profit increase 103 percent to 19.4 million dollars, while net sales dropped 2 percent to 151 million dollars. […]

The Covid-19 pandemic has tested the mettle of fashion executives worldwide. They have had to adapt quickly, shifting retail operations primarily online, reimagining their distribution and production, and moving their workforce to remote offices. In more dire cases, they have furloughed or fired employees, […]

Related news