The UK has officially fallen into a recession for the first time in 11 years. The economy shrank by 20.4 percent between April and June compared with the first three months of the year, according to new data from The Office for National Statistics (ONS). It marked the economy’s largest slump on record. […]

Baird Group, the license holder of brands Suit Direct and Ben Sherman, has received approval from its creditors to go ahead with a company voluntary arrangement (CVA). The vote saw around 94 percent of all voting creditors choosing to approve the CVA, which was put forward on 23 July 2020. Mark Cotter, […]

Wolverine World Wide, Inc. has announced the appointment of Brendan Hoffman as its next President and his appointment as a member of its board of directors, both effective on his expected start date of September 8, 2020. Hoffman, the company said in a statement, will report to Blake W. Krueger, Wolverine […]

Total first quarter revenue at Canada Goose Holdings Inc. was 26.1 million Canadian dollars compared to 71.1 million Canadian dollars in the same quarter last year. The company said in a statement that DTC revenue decreased to 10.4 million Canadian dollars from 34.8 million Canadian dollars, driven […]

Adidas Ag has appointed Thomas Rabe, Chief Executive Officer of Bertelsmann, as Chairman of the company’s supervisory board. The company said in a statement that he will succeed Igor Landau, whose supervisory board mandate expired after 16 years at the end of the annual general meeting on August 11, […]

Research from search engine WhistleOut shows Instagram and Facebook display the most advertising in user feeds across social media platforms. Facebook feeds were found to have an average of 21.2 percent ads while Instagram had 20.6 percent. LinkedIn was next with 19.6 percent followed by Twitter (14.2 […]

BACKGROUND The Corona pandemic has hit the apparel industry’s global supply chains hard. How are they recovering? What changes will the pandemic bring? Clothing manufacturers, sourcing platforms and buyers talk about their expectations for the future and whether they believe in the nearshoring trend. […]

Zalando SE has said in a statement that gross merchandise volume (GMV) grew by 25.1 percent to 4.72 billion euros and revenue grew by 19.6 percent to 3.56 billion euros in the first half of 2020. In the same period, Zalando achieved an adjusted EBIT of 113.3 million euros at a margin of 3.2 percent […]

Retail payments platform Clearpay, known as Afterpay in the US, Australia and New Zealand, has unveiled a new global brand identity, which it states captures the “power and value enabled by the platform at a time of incredible growth for the business and its customers”. The new look Clearpay now has […]

Glossier, once a burgeoning beauty company, has felt the effects of coronavirus. The company had originally furloughed their 200 or so retail workers when the pandemic forced them to close their stores, but now they have resorted to laying them off entirely to cut costs. Glossier currently has retail […]

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