ANALYSIS In recent years, the sports and outdoor industry has repeatedly been accused of working in a way that is too traditional. In the current crisis situation, this is an advantage. Fewer collections than in fashion What has been interpreted as most backwards about the sports industry in recent […]

The company said on Thursday its Q1 net loss slipped. Revenues slipped by 38.1 percent from the same period last year. For Q1, the company's net profit was -115 million dollars, which decreased from 5 million dollars last year. Furthermore, revenues dropped to 255 million dollars. The profit margin […]

Zara, H&M and Gap may be slowly reopening their stores but the coronavirus epidemic has had a devastating financial impact on the fast fashion sector, which needs a radical overhaul if it is to recover, experts say. Nearly 40 percent of businesses in the sector are expecting the impact to be "much worse" […]

Zara, H&M and Gap may be slowly reopening their stores but the coronavirus epidemic has had a devastating financial impact on the fast fashion sector, which needs a radical overhaul if it is to recover, experts say. Nearly 40 percent of businesses in the sector are expecting the impact to be "much worse" […]

Tailored Brands, Inc. reported total retail comparable sales up 2.4 percent and all brands positive in February, however, the company said, in response to the Covid-19 pandemic, on March 17, Tailored Brands closed all stores and on March 20 it closed all e-commerce fulfilment centres in the U.S. and […]

Macy's appears to be emerging from the battering their stores took over coronavirus. The company reported quarter one results today, and while stores reopening around the country are down 50 percent, they performed better than expected. “The COVID-19 pandemic significantly impacted our first quarter […]

Dutch fashion brand Affaso has announced it will be launching its range of men’s shirts through Amazon UK. It marks the label’s UK debut and comes as the brand looks to further extend its presence there both online and through retail partnerships. Founded in 2018 in the Netherlands, Affaso offers digitally […]

Guess?, Inc. reported first quarter GAAP net loss of 157.7 million dollars, compared to 21.4 million dollars for the first quarter of fiscal 2020, while GAAP diluted loss per share was 2.40 dollars compared to 27 cents for the same prior-year quarter. For the first quarter, the company recorded adjusted […]

The company said on Wednesday its Q1 net loss widened compared with the same period last year, while revenues decreased by 51.6 percent. The company's net loss for Q1 was -161 million dollars, surged from a loss of -21 million dollars a year earlier. Revenues dropped to 260 million dollars. Guess (NYSE: […]

Marc Jacobs is expected to dismiss up to 60 employees across its corporate headquarters, including senior designer Olymp Le-Tan. The Covid-19 crisis has fast-tracked existing sales issues at the LVMH-operated business, forcing a 10 percent cut of its workforce. In a statement to WWD a spokesman said: […]

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