Fast-fashion retailer Primark has closed all of its UK stores, following closures elsewhere in the world, and has cancelled all future orders due to the spread of the coronavirus. The retailer, owned by Associated British Foods, said that the response was due to what it was calling a “rapidly changing […]

Macy’s, Inc. has announced an update on several actions it has taken to position the company for financial flexibility in response to the continued spread and impact of COVID-19. The company said in a statement that it has access to a revolving credit facility that provides for borrowings and letters […]

In its interim report for the second quarter and first six months, RNB Retail said reported net sales for the group were 561 million Swedish krona (54 million dollars) compared to 604 million Swedish krona in the second quarter. For comparable units in Sweden, sales were down 9.4 percent compared to […]

In light of current market conditions and the rapidly changing developments regarding Covid-19, N Brown plc in an update said that at this stage, there is no way of predicting the impact the virus will have on the company’s sales, nor how long the pandemic will last and what effect it will have on customer […]

New York - During an update briefing Saturday, President Donald Trump announced that many U.S. apparel companies are joining the race against coronavirus. Hanes is one of them, which is taking the lead on the manufacturing of medical-approved masks. "There’s a move on that’s incredible right now, and […]

New York – In order to help mitigate the global coronavirus pandemic, many luxury brands have either shut down their factories entirely or taken measures to flatten the curve by reducing shifts and offering their manufacturing capabilities to make masks, disinfecting hand soap and other medical gear. […]

Li & Fung Limited has said in a statement its core operating profit (COP) decreased by 22.9 percent to 228 million dollars for the year to December 31, 2019 due to reductions in turnover and margin pressure in the Supply Chain Solutions business. The company added that turnover decreased by 10.1 […]

Earlier this month a U.S.-based labor rights group reported French casualwear brand Lacoste was producing gloves in a Chinese detention camp. The D.C.-based Worker Rights Consortium stated Uigher Muslims and imprisoned other ethnic minorities are being forced to sew the Lacoste-branded gloves, which […]

Frasers Group has announced that its board expects COVID-19 to cause significant disruption to the business, including reducing customer footfall and therefore expects that the group will not achieve the range of guidance of 5 to 15 percent EBITDA growth for the financial year ending April 26, 2020. […]

Fourth quarter net sales at RTW Retailwinds, Inc. were 224 million dollars compared to 247.3 million dollars in the prior year, reflecting a 7.4 percent reduction in comparable store sales, and a reduction in store count. Gross profit as a percentage of net sales decreased 460 basis points to 24.2 percent. […]

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