New Look has requested a three-month rent holiday from landlords amid the ongoing coronavirus pandemic. In a business update, the British fashion retailer said it is also looking to “significantly” reduce marketing costs, pause all production, delay all significant capital expenditure projects, and […]

Consolidated sales at SMCP, parent company of Sandro, Maje and Claudie Pierlot, reached 1,131.9 million euros (1,223 million dollars), up 8.7 percent at constant currency, mainly driven by an international sales growth of 14.2 percent with mainland China registering more than 30 percent rise at constant […]

Womenswear retailers Oasis and Warehouse are reportedly back up for sale. The chains' owner, Icelandic lender Kaupthing, has appointed administrators from Deloitte to hold talks with potential buyers in the last few days, Sky News reports. The news comes after the UK government ordered all ‘non-essential’ […]

Nike revenues increased to 10.1 billion dollars in the third quarter, up 5 percent on a reported basis and up 7 percent on a currency-neutral basis, driven by 13 percent currency-neutral growth in Nike Direct with digital growth of 36 percent and strong growth across EMEA, APLA and North America, offset […]

A bankruptcy filing might be in the cards for luxury retail chain Neiman Marcus, as was first reported by Bloomberg Law on Monday. The Dallas-based company is struggling with debts and has been meeting with its lenders to discuss options that would allow it to continue operating and cut costs, and one […]

JD Sports Fashion Plc. (JD.L) on Tuesday said that all of its stores are closed in the UK, United States and Europe due to COVID-19. The company said its Board does not believe it appropriate to provide financial guidance for the current financial year ending January 30, 2021. In its update on the impact […]

Mulberry has provided an update in regards to the Covid-19 pandemic, saying it expects to make a small loss in the second half of the financial year but “remains confident” in the strength of the brand and its long-term strategy. The luxury British handbag label said it is taking all appropriate action […]

Luxury brands are adjusting their quarterly and annual outlooks as the coronavirus continues to ravish the fashion industry across all sectors. French luxury group Kering stated it expects a 15 percent comparable decline in its first quarter compared to 2019. Currently the Group is observing encouraging […]

The management board of Ahlers Ag has announced withdrawal of the forecast for the fiscal year 2019/20 due to impact of the coronavirus situation on its business. The company said in a statement that major burdens are expected, which will reduce sales revenues and earnings in the current fiscal year. […]

Hennes & Mauritz AB has announced through a statement that due to the rapid spread of the coronavirus and its impact on the business, the company is reviewing the situation market by market based on local conditions. H&M said, dialogue about temporary layoffs has been initiated in a number of […]

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