European textile and clothing manufacturing could suffer a 50 percent drop in sales and production due to the Covid-19 pandemic as they struggle with the financial and logistical implications of the crisis, new data suggests. An ongoing poll by the European Apparel and Textile Confederation (Euratex) […]

VF Corporation has announced the appointment of Nina Flood as President, Eastpak, effective April 1, 2020. The company said in a statement that she will be based in Antwerp, Belgium where the brands’ marketing and sales operations are based and will report to Martino Scabbia Guerrini, Executive Vice […]

Fourth quarter revenue at PVH Corp increased 5 percent or 6 percent on constant currency basis to 2.6 billion dollars compared to the prior year period. The company said in a statement that loss per share on a GAAP basis was 93 cents for the quarter compared to earnings per share of 2.09 dollars in […]

As the world's second largest apparel producer after China, Bangladesh is feeling the ripple effects of the fashion industry which has been heavily hit by coronavirus. The country is expected to lose 6 billion dollars this year from cancelled orders from major fashion retailers. The news was reported […]

Typically an economic downturn is a rare time for mergers and acquisitions, but L'Oréal has just completed the acquisition of both Mugler and Azzaro perfumes. Last year, the cosmetics conglomerate announced a deal with Clarins to purchase the two perfume brands, and in the midst of a global pandemic, […]

In this time of crisis, on social networks, in our personal conversations and in the press, a question about fashion often comes up: will we still need it? On Instagram, fashion journalist @Abou_sega asked his subscribers about the future of fashion and shared a varied panorama of answers. One follower […]

Berlin - Adidas (ADDYY.PK, ADDDF.PK) said it stop a 1 billion euros share buyback it had planned for this year, citing economic uncertainty caused by the dynamic developments related to the coronavirus outbreak. The adidas Executive Board decided to proactively adopt a conservative approach to liquidity […]

The Children’s Place has suspended all store operations in the United States and Canada beginning March 18, 2020. The company said in a statement that store sales were planned to represent approximately 65 percent of Q1 fiscal 2020 revenue with a significant portion of sales planned for the months of […]

Considering the high level of economic uncertainty caused by the dynamic developments related to the coronavirus outbreak, Adidas Ag said in a statement that its executive board has decided to formally stop the repurchasing of Adidas shares for the remainder of the year. The company had earlier announced […]

Everlane has laid off a high number of workers as retailers across the fashion industry cope with a harsh economic state. Though it is not clear how many workers have been let go, WWD reports that "several hundred" workers were affected. A twitter account called Everlane Union has been chronicling the […]

Related news

MORE NEWS

 

LATEST JOBS

 

MOST READ