The John Lewis Partnership has appointed Nikki Humphrey as Executive Director for People. The company said in a statement that Humphrey joins from Virgin Atlantic where she is chief people officer and replaces Tracey Killen who has retired after a 38-year career in the Partnership. The company added […]

ANALYSIS New York - Francesca’s first-quarter earnings report were in line with the gloomy expectations the company set in June. As explained by the company, the sales decline was due to COVID-19-related store closures, though e-commerce offset some of those losses. Sales for the period dropped 50 percent […]

New York – Fashion chain New York & Co. has already begun liquidating all its stores, two weeks after its parent company, RTW Retailwinds Inc., filed for Chapter 11 bankruptcy protection on July, 13. According to the filing, RTW Retailwinds is planning to close most of its brick-and-mortar stores, as […]

Selfridges has become the latest British fashion company to announce job cuts as the fallout of Covid-19 continues to wreak havoc on the high street. Managing director Anne Pitcher told staff in a letter Tuesday that the company would be cutting its workforce by 14 percent - or around 450 roles. “As […]

British property group Hammerson has turned to government support as it grapples with the impact of Covid-19. The company, which owns Bullring shopping centre in Birmingham and Brent Cross centre in London, has issued 75 million pounds of debt under the government’s Covid corporate financing facility […]

Moncler, the original purveyor of the down jacket, is taking direct control of its e-commerce channels to accelerate a new era of digital transformation for the brand. The company previously outsourced its online operations to Yoox Net-a-Porter. The news will come as a blow to YNAP, which just last […]

In the first half Moncler revenues declined 29 percent to 403.3 million euros (473 million dollars). The company said in a statement that first half results were severely impacted by the measures adopted by the governments to contain coronavirus pandemic. While Italy recorded a 39 percent decline, EMEA […]

LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros (21.5 billion dollars) in the first half of 2020, down 27 percent, while on an organic basis, revenue declined 28 percent compared to the same period in 2019. The company said in a statement that profit declined 68 percent to 1, […]

Moncler reported its net profit for H1 dropped on Monday. Compared with the same period last year, revenues also slipped by 29.3 percent. For H1, the company's net profit was 32 million euros, slipped from 70 million euros last year. Revenues slipped to 403 million euros. The profit margin of the company […]

The company said on Monday its H1 net profit slipped. Compared with the same period last year, revenues also dropped by 26.7 percent. For H1, the company's profit from recurring operations was 1,671 million euros, dropped from 5,295 million euros last year. Furthermore, revenues dropped to 18,393 million […]

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