Superdry has announced it is facing “unprecedented challenges” from Covid-19 and has temporarily closed stores in a number of countries. The British fashion retailer also announced it would not meet the guidance given on 10 January and would accordingly no longer be giving formal guidance for the 2020 […]

Italian luxury label Moncler is donating 10 million euros to support the Fiera Hospital project in the region of Lombardy, which has been badly hit by coronavirus, Covid-19. The donation will go towards the construction of a hospital with more than 400 intensive care units in the ex Fiera Milano area, […]

Effective immediately, Express Inc. will close all Express and Express Factory Outlet stores until March 27, while its website and mobile app will remain available to customers. “The COVID-19 pandemic is an unprecedented situation that is unfolding day by day,” said Tim Baxter, the company’s Chief Executive […]

Inditex Group’s net sales increased by 8 percent in FY19 to 28.29 billion euros (31.14 billion dollars), underpinned by growth across all of its brands and in all of the geographies in which it has a presence. However, the company saw its store and online sales in local currencies decrease by 4.9 percent […]

Tapestry, Inc. is closing temporarily closing all directly operated Coach, Kate Spade and Stuart Weitzman stores in North America and Europe to help reduce the spread of COVID-19. The company said, stores will be closed through March 27, at which time it will determine the appropriate next steps in […]

To help limit the spread of the coronavirus, L Brands has decided to temporarily close all Bath & Body Works, Victoria’s Secret and Pink stores in the United States and Canada, effective March 17 through March 29, 2020. Additionally, the company said in a statement, home office associates have been […]

Tailored Brands, Inc., has announced that in response to the coronavirus and to protect the health and safety of customers, employees and the communities it serves, will temporarily close retail locations in the U.S. and Canada starting March 17 through March 28, 2020. “The safety and well-being of […]

Net revenues for the fourth quarter at Lands’ End, Inc. increased 9.4 percent to 549.5 million dollars reflecting revenue from the American Airlines launch and ecommerce growth of 7.2 percent. The company said, this was partially offset by 49 fewer Lands’ End Shops at Sears, which resulted in a net […]

The Children’s Place, Inc. reported net sales decrease of 3.3 percent to 513 million dollars in the fourth quarter, primarily as a result of a comparable retail sales decrease of 3.6 percent. The company said in a statement that net income for the quarter was 24.2 million dollars or 1.61 dollars per […]

Amazon has announced it is hiring 100,000 new employees in the US to meet a surge in online orders during the ongoing coronavirus outbreak. The positions will be both full-time and part-time across the online giant’s fulfilment centres and delivery network. The retailer also said it will be investing […]

Related news