Burberry has announced plans to issue a sustainability bond to fund social and environmental improvements. It is the first luxury brand to do so in a bid to attract ethical investors. Proceeds from the fund will be used to finance eligible projects listed under Burberry’s new Sustainability Bond Framework […]

American Eagle Outfitters, Inc. has reported EPS of negative 8 cents for the 13 weeks ended August 1, 2020 compared to 38 cents for the 13 weeks ended August 3, 2019, and adjusted EPS of negative 3 cents compared to adjusted EPS of 39 cents last year. Total net revenue for the quarter decreased 157 […]

The Department for International Trade (DIT) has announced new trade measures for the consumer and retail industry to help support businesses impacted by the coronavirus pandemic. The ‘bounce-back’ plan, announced by the exports minister includes new measures to “help boost exports and increase British […]

Lululemon Athletica inc., for the second quarter ended August 2, 2020 reported net revenues of 902.9 million dollars, an increase of 2 percent, while on a constant dollar basis, net revenue increased 3 percent. The company said in a statement that company-operated stores net revenue was 287.2 million […]

LVMH Group has appointed Martin Brok as the new President and CEO of Sephora, effective September 14, 2020, reporting to Chris de Lapuente. The company said in a statement that Lapuente remains a member of the LVMH Comex and will take on additional responsibilities within the Group, to be announced […]

September is the month of fashion trade shows. Thirty-two to be exact, according to listings on France’s trade publication Modem. This week would have seen Coterie in New York, CPM in Moscow, followed by Première Vision in Paris and many others. The majority have been cancelled or repositioned into […]

SMCP, the parent company of Parisian labels Sandro, Maje, Claudie Pierlot and De Fursac, has swung to a loss in the first half of the year due to Covid-19, but says it has implemented a number of cost-cutting measures to ride out the pandemic. The French premium fashion group reported a loss of 88.5 […]

Reiner Pichler, CEO of Calida Group, is stepping down. The company said in a statement that he intends to devote his time to new tasks that will allow him a more flexible organization of work without requiring a full-time presence. Commenting on Pichler’s decision, Hans-Kristian Hoejsgaard, Chairman […]

Amazon has announced plans to create 7,000 new UK jobs in 2020 on top of the 3,000 already created this year. It will bring the company’s total permanent UK workforce to more than 40,000. The new roles will be across more than 50 sites, including corporate offices and two new fulfilment centres launching […]

For the second quarter, PVH Corp said that the results exceeded the company’s expectations despite continued disruption from the Covid-19 pandemic with revenue decrease of 33 percent to 1.581 billion dollars compared to the prior year period. The company’s revenue through its digital channels grew over […]

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