China's retail sales unexpectedly fell in July from a year ago amid signs the recovery in the world's second-largest economy remains fragile.
The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart and Target, said Friday it has joined a dozen+ trade groups to form a coalition to fight counterfeits on online platforms.
U.S. retail sales in July increased less than expected and could slow further in the months ahead because of spiraling new COVID-19 infections and a reduction in unemployment benefit payments.
The Council of Fashion Designers of America has named an insider as its new President, promoting CaSandra Diggs to the role. She’s a veteran of the fashion industry and of the CFDA, having joined it in 2001.
Canada Goose has reported a revenue decline to C$26.1 million in its first quarter that ended on June 28 compared to C$71.1 million in same period last year.
Luxury online platform Farfetch said it saw “strong momentum” in Q2, driven by the acceleration of online adoption, helping it to make “significant” market share gains and connect to record numbers of new customers.
Seventeen UK fashion and textile product lines will continue to be hit with an additional 25 per cent tariff in the US.
The Camera Nazionale della Moda Italiana has unveiled the provisional calendar for Milan Fashion Week, which will be held from September 23-28.
Tapestry Inc reported a smaller-than-expected quarterly loss on Thursday, as a recovery in sales in China and a tight lid on expenses helped it weather some of the impact of the COVID-19 pandemic.
American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.
As Marimekko announced a 20% fall in sales, it also said it’s planning to restructure its ops. It blamed the pandemic, saying the “global fashion and specialty retail sector is facing the worst crisis in decades”.
Marimekko, a Finnish lifestyle design company, has announced its second quarter (Q2) financial results for fiscal 2020. The company’s net sales fell 20 per cent to €23.3 million.
Online fashion and general merchandise shopping giant Very Group said Thursday that it has seen strong revenue growth and expects to return to profit for FY20.
Permira-owned Dr Martens enjoyed an online boost in the year to March 31 that helped its sales and profits surge as its products sold well globally.
With news of so many store closures, it’s encouraging to hear of a major opening with US shoe and lifestyle brand Skechers having opened a flagship store on a key Paris shopping street, Rue de Rivoli.
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