New York – Sosandar, a British online fashion retailer, said in a trading update today that it experienced strong trading through January and February and into March in its fourth-quarter period, but that it will cut back in marketing spending to tackle the impact of coronavirus on its business. Sosandar […]

Shares of Guess Inc., rallied 7 percent in the extended hours on Wednesday after the company reported adjusted fiscal fourth-quarter earnings of 1.22 dollars compared to 70 cents in the fourth quarter of fiscal 2019 that were above Wall Street estimate of 1.12 dollars. Total net revenue for the quarter […]

ANALYSISNew York – From Amazon to Inditex and LVMH, many big names in the apparel and fashion industry are leading by example in the fight against the coronavirus spread. Amazon on Tuesday made a priority of medical supplies and household staples, putting shipments of other goods on hold to focus on […]

Chanel has joined the ranks of competitor Gucci in halting production in the short-term amidst the global coronavirus pandemic. The company is closing factories in France, Switzerland, and Italy for the next two weeks. Gucci has already shut factories in its Tuscany and Marche regions through March […]

ANALYSISNew York – The world’s largest fashion retailer reported higher net profit and sales for fiscal 2019 on Wednesday, despite seeing sales plunge 24 percent during the first 16 days of March as Inditex SA closed downs thousands of stores temporarily to help mitigate the coronavirus pandemic. Inditex […]

The question of transparency is currently where sustainability was just a few years ago: Companies - not only those in the textile and apparel industry - are not sure what added value it brings them and their supply chains and doubt that it is a necessity now or could be soon. They also have scruples […]

Amazon has announced it will temporarily stop accepting non-essential items at its warehouses in a bid to manage a surge in online orders brought on by the Covid-19 pandemic. The US retail giant will be prioritising household staples, medical supplies and other high demand products coming into its fulfilment […]

Superdry has announced it is facing “unprecedented challenges” from Covid-19 and has temporarily closed stores in a number of countries. The British fashion retailer also announced it would not meet the guidance given on 10 January and would accordingly no longer be giving formal guidance for the 2020 […]

Italian luxury label Moncler is donating 10 million euros to support the Fiera Hospital project in the region of Lombardy, which has been badly hit by coronavirus, Covid-19. The donation will go towards the construction of a hospital with more than 400 intensive care units in the ex Fiera Milano area, […]

Inditex Group’s net sales increased by 8 percent in FY19 to 28.29 billion euros (31.14 billion dollars), underpinned by growth across all of its brands and in all of the geographies in which it has a presence. However, the company saw its store and online sales in local currencies decrease by 4.9 percent […]

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