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 […]

Escada SE filed for insolvency proceedings at the Munich District Court on Tuesday. The German luxury label said Wednesday the proceedings only concern Escada SE and no other companies of the Escada Group. The move will affect the jobs of 180 employees who work at the company’s headquarters and in eight […]

For the second quarter, Guess Inc., recorded GAAP net loss of 20.4 million dollars compared to GAAP net earnings of 25.3 million dollars for the second quarter of fiscal 2020, while GAAP diluted loss per share was 31 cents compared to GAAP diluted earnings per share of 35 cents for the same prior-year […]

For the second quarter, Macy’s, Inc. total sales declined to 3,559 million dollars. Comparable sales for the period were down 34.7 percent on an owned basis and down 35.1 percent on an owned plus licensed basis, due to faster paced store recovery than originally modeled and better than expected growth […]

Authentic Brands Group and Sparc Group have finalised the acquisition of US menswear retailer, Brooks Brothers for 325 million dollars. “We are thrilled to bring this world-class brand into the fold,” said Jamie Salter, founder, chairman, and chief executive of Authentic Brands Group. “Brooks Brothers […]

The convenience of online shopping has changed the world of e-commerce and how we shop for clothes. Online sales have been a lifeline to many retailers when physical stores were forced to close during the pandemic, but what are they doing with the data they collect from shoppers? From every ‘add to […]

For the second quarter, Caleres net sales were 501.4 million dollars, down 33.4 percent with direct-to-consumer sales representing 80 percent of total net sales. The company reported a 20.5 percent sales decline in the Famous Footwear segment with comparable stores sales up 14.7 percent during the quarter […]

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