Kontoor Brands is the latest company to reveal the impact Covid-19 has had on its first quarter results. The company, whose portfolio includes brands Wrangler and Lee, saw revenue drop 22 percent to 504 million dollars year-on-year as stores were forced to close and shoppers advised to stay indoors. […]

FashionUnited interviewed Christina Fontana, fashion and luxury director for Europe at Tmall, the B2C market of the Alibaba Group. She talked to us about the future challenges that companies will have to face, as well as the different tools that Alibaba offers them to contribute to their international […]

After J.Crew, Neiman Marcus Group Ltd LLC has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. As part of the process, the company said in a statement, Neiman Marcus Group has secured debtor-in-possession (DIP) financing of […]

Ski and sportswear brand Perfect Moment has appointed Negin Yeganegy as Group Managing Director. Yeganegy previously held the role of global group ecommerce director at Yoox Net-A-Porter Group, where she was responsible for the digital strategy and development of the group’s full price businesses globally. […]

J. C. Penney Company, Inc. and Sephora USA, Inc. have reaffirmed their long-standing partnership to operate Sephora inside JCPenney. JCPenney said in a statement that both the companies worked to resolve outstanding legal matters and have agreed to mutually beneficial revisions to their joint enterprise […]

Brunello Cucinelli S.p.A. has reported net sales of 156.7 million euros (169.8 million dollars) in the first quarter, down 2.3 percent at current exchange rates and down 2.9 percent at constant exchange. The company said, economic and financial impact of the Covid-19 pandemic is expected mainly in the […]

Menswear designer John Varvatos has filed for bankruptcy. The company listed assets of as much as 50 million dollars and liabilities of 100 million dollars. John Varvatos Inc is fully owned by Lion/Hendrix Corp, which also filed for bankruptcy according to Bloomberg Law. Varvatos, who began his career […]

Shopify in the first quarter of 2020 saw a 47 percent jump in revenue to 470 million dollars. While many businesses are fighting to stay operational during the coronavirus crisis, retailers are turning to the Canadian e-commerce platform to build their digital sales channels. “The vast majority of people […]

Next is launching its new The Beauty Hall format in five of Hammerson flagship destinations, in place of Debenham’s former stores. The stores will be located at Bullring & Grand Central, Birmingham, The Oracle, Reading, Highcross, Leicester, Silverburn, Glasgow and Centrale in Croydon. Simon Wolfson, […]

British watch brand Tayroc has been acquired by independent agency Lid Project for an undisclosed amount. Created in 2014 by two sets of brothers, Kristian and Reiss Edgerton, and Dominic and James Owen, Tayroc, which offers premium men’s, ladies and unisex timepieces at accessible prices, has grown […]

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