Associated British Foods plc has said, while for the first half, adjusted operating profit will be ahead of its previous expectations, mainly due to higher margins for Primark and Grocery and adjusted earnings per share will now be ahead of last year on both a lease-adjusted and a reported basis, with […]

In the first quarter of 2020, the H&M group’s net sales increased by 8 percent to 54,948 million Swedish krona (5,652 million dollars), while in local currencies net sales increased by 5 percent. The company said in a statement that sales development in the second half of the quarter was negatively […]

Lululemon has provided an update on its global store operations in response to the continued spread of COVID-19. The company said in a statement, in light of the rapidly changing developments, Lululemon announced the closure of all stores in North America and Europe, from March 16 through March 27. […]

Like most other retailers, Under Armour is temporarily closing its stores in North America amid the coronavirus threat. Under Armour said in a statement: “Because the health and safety of our teammates, athletes and customers is our top priority, Under Armour will close all stores in North America from […]

Following the coronavirus outbreak, Land’s End, Inc., has decided to close all retail stores in the United States through March 29, 2020. “We will continue to pay all our retail employees for the hours they have been scheduled to work in our stores,” the company said in a statement. Land’s End added […]

Columbia Sportswear Company has announced that to protect the health and safety of its employees, consumers and the communities where it operates, it will close its North America brick and mortar retail stores on March 16 through March 27. The company said in a statement, consumers seeking the products […]

Amid continued spread of COVID-19, Abercrombie & Fitch Co. has decided to temporarily close all stores across its brands outside of the APAC region, effective March 15 in North America and March 16 in EMEA, until March 28, 2020. The company said in a statement that its locations in the APAC region […]

Founded in the United States in 1916, the AACSB (Association to Advance Collegiate Schools of Business) is a worldwide reference for the best business schools. The organization welcomes a new member this month: the International School of Fashion and Luxury (EIDM). It signals a new integration that […]

British shopping centre giant Intu, which operates Manchester’s Trafford Centre and Lakeside in Essex, has warned it might collapse after reporting a loss of 2 billion pounds. For the year ended December 31, 2019, the company saw revenues drop 38.8 percent to 542.3 million pounds compared to 581.1 pounds […]

Ross Stores, Inc. has appointed Patricia H. Mueller and Larree M. Renda to its board of directors effective immediately. “We are pleased to welcome both Patricia Mueller and Larree Renda to our board of directors. Mueller is an expert in the retail industry with a career spanning more than three decades […]

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