As of June 30, 2020, the Salvatore Ferragamo Group reported revenues of 377 million euros down 46.6 percent at current exchange and 46.9 percent at constant exchange rate. Revenues in the second quarter registered a 60.1 percent decrease at current exchange and 59.4 percent at constant exchange rates. […]

Inditex Group sales continued to recover during the first half of 2020 to reach 8 billion euros, decline of 37 percent, helped by an improved second quarter, when the fall in sales slowed to 31 percent, from a decline of 44 percent in the first quarter. The company said in a statement that it also returned […]

Luxury marketplace Farfetch is refreshing its brand identity alongside a new global campaign that puts its boutique business model “front and centre”. The campaign ‘Open Doors to a World of Fashion’ celebrates the businesses global community, while the overhauled website aesthetic aims to cement its […]

Kohl's Corp. (KSS) disclosed in a regulatory filing on Tuesday that it reduced corporate jobs by about 15 percent, as it looks to save cash due to the business impact resulting from the COVID-19 pandemic. According to reports, the department store operator cut jobs at its headquarters in Menomonee Falls, […]

Apex Global Brands’ revenues for the second quarter were 4.4 million dollars, a decrease of 22 percent. The decline in revenues, the company said in a statement, reflects the non-renewal of certain Cherokee brand licenses and the decrease in sales of licensees’ products related to Covid-19 shelter-in-place […]

Dressbarn has unveiled a new solution in partnership with end-to-end returns provider Happy Returns to allow customers to make in-person returns on orders purchased from its ecommerce site. “Happy Returns is a natural fit for our ecommerce-first strategy,” Dressbarn's CEO, Shayan Zadeh, said in a statement. […]

The fashion industry's sustainability efforts continued this month with a vengeance - 26 such initiatives were announced in August 2020 alone. Cooperations between brands were in fashion but also those industry-wide or even industry-transcending ones that are concerned with guidelines and standards. […]

In the third quarter 2020, for the period June 1, 2020 to August 31, 2020, the H&M group’s net sales decreased by 16 percent in local currencies compared with the corresponding period last year. Converted to SEK, the company said in a statement, net sales decreased by 19 percent to 50,870 million […]

L Brands, Inc. has announced a partnership with Next Plc for its company-owned Victoria’s Secret business in the United Kingdom and Ireland. Under the agreement, the company said in a statement, under the joint venture partnership, Next will acquire 51 percent stake in the Victoria’s Secret U.K. business […]

Business is still booming at Amazon.com Inc. The company, which was one of the few retailers to actually see business improve during coronavirus, will now be hiring an additional 100,000 employees as part of its fourth hiring spree this year. Amazon’s main e-commerce arm continues to see growing sales, […]

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