Image: Marks & Spencer Marks & Spencer says it plans to close more stores after swinging to a full-year loss as lockdowns took their toll on the business and in particular its clothing sales. The British high street giant reported a pre-tax loss of 201.2 million pounds in the year to April 3, compared […]

Image: Free People, Facebook Total Urban Outfitters net sales for the three months ended April 30, 2021, were 927 million dollars, up 7.3 percent compared to the three months ended April 30, 2019 and increased 57.6 percent compared to the three months ended April 30, 2020. Net income for the three months […]

Nordstrom press room Nordstrom, Inc. reported a pre-tax loss of 85 million dollars and loss per diluted share of 1.05 dollars. Net sales for the quarter increased 44 percent compared to first quarter of fiscal 2020 and decreased 13 percent from the same period in fiscal 2019. “We are encouraged by sales […]

Image: Screenshot Fashion CEO Agenda 2021 Leaders from fashion companies including Nike, H&M and Kering outlined priorities for a sustainable industry at this year’s Fashion CEO Agenda, while suppliers urged for the bridging of gaps between words and actions. The 2021 agenda introduced five areas of […]

Image: Sosandar, Facebook British online fashion brand Sosandar has raised over 5 million pounds in a “substantially oversubscribed” share placing as it looks to expand its business with a focus on third-party retail partners. The company placed 26.2 million new ordinary shares of 20 pence each. Additionally, […]

Image: Mothercare, Facebook Maternity and babywear specialist Mothercare said Tuesday it expects “a small” profit for the financial year, despite a 40 percent drop in sales. In a pre-closing trading update for the year ended March 27, the company said unaudited net worldwide sales dropped to 326 million […]

Image: Ted Baker, Facebook British luxury brand Ted Baker has signed an extension to its revolving credit facility with its existing lending syndicate. Under the new agreement, Ted Baker’s existing facility of 108 million pounds maturing in September 2022 and a restricted facility of 25 million pounds […]

Guess Europe, the Lifestyle-Tech Competence Center (LTCC) and Microsoft have launched the Guess Z Lab, an innovative concept conceived to collaborate and co-create with Gen Z. The first workshop took place at Guess Europe’s headquarters in Bioggio, Switzerland and included 32 students from Ticino universities […]

Image: courtesy of Castore British sportswear brand Castore, backed by tennis star Andy Murray, has signed a multi-year partnership with football side Wolves to become the club’s new on-field partner. The deal marks the sportswear brand’s first move into the football Premier League as well as the largest […]

Image: courtesy of Castore British sportswear brand Castore, backed by tennis star Andy Murray, has signed a multi-year partnership with football side Wolves to become the club’s new on-field partner. The deal marks the sportswear brand’s first move into the football Premier League as well as the largest […]

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