h By Modaes

Jul 22, 2021 — 12:56pm

Thomas Meyer (Desigual): “Fashion will be relevant again, but we need to innovate”

On his first interview in front of a camera, the founder of Desigual defended that creativity is not exclusive to creative professionals.

h By MDS

Jul 19, 2021 — 12:00pm

Inditex shrinks its production by 17% in 2020 and takes a step back in China for the first time

During the Covid-19 year, the group reacted by accelerating the importance of proximity on its production, with 49% of total suppliers. The group stopped working with 65 suppliers in China.

h By I. P. G. / P. R. D.

Apr 12, 2021 — 4:00am

The organic cotton trap

Organic cotton has become a synonym for sustainability, but several scandals with fake certifications in India and forced labor in China question this raw material.

h By Mds

Mar 31, 2021 — 10:38am

H&M swings back to loss in first quarter and responds China boycott

The company’s net sales decreased by 21 percent in the quarter ended 28 February. The Swedish group has also issued a statement after the boycott suffered in China.

h By Mds

Mar 11, 2021 — 4:53am

Inditex vs. pure players: Zara owner is smaller than Zalando, but bigger than Asos and Boohoo

The fashion retailer had a turnover of 6.6 billion euros online last year. High-street rivals H&M and Gap generated online less than €6 billion each last year.

h By P. R.

Feb 15, 2021 — 10:07am

Top fashion retailers in Europe after Covid-19

H&M, Zalando and C&A lead fashion sales in Germany, while Marks & Spencer, Next and Primark take the main spot in the UK. France is dominated by sport players and Italy by pure players.

h By Mds

Sep 4, 2020 — 11:03am

Covid-19 hits main streets: rents plunge in New York and vacancies surge in London

Average rents along Manhattan’s 16 retail corriders have being declining for eleven consecutive quarters. In the UK, retail store vacancies have reached its six-year high.

h By C. J.

Aug 17, 2020 — 10:00am

Shanghai calling: luxury groups looks for a lifeline in China once again

h By P. R. D.

Aug 3, 2020 — 5:00am

More time at home? Fashion consumption could decline by 50 bps in five years

When consumers work from home, they reallocate spend similarly to consumers in retirement, and apparel is the category that experiences the deepest decline.

h By Mds

Jul 31, 2020 — 10:04am

Nike to lay off 500 employees at Oregon headquarters

The announcement follows senior leadership changes made last week. Nike intends to streamline its organization to transform the company faster.

k A goddess, a giant and a secretary of state: how Nike beat Nike in Spain

h By Iria P. Gestal

Jul 24, 2020 — 10:00am

Leicester, ground zero: the ultra fast-fashion hub that has shaken up fashion

h By Mds

Jul 8, 2020 — 8:09pm

Brooks Brothers files for Chapter 11 bankruptcy

The apparel retailer was founded in 1818 and has dressed presidents from Abraham Lincoln to Barack Obama. It is know owned by Italian businessmen Claudio del Vecchio.

h By Mds

Jul 3, 2020 — 7:50pm

Esprit’s restructuring: 50 closures and 1,200 layoffs

The Hong Kong-listed apparel retailer filed for Protective Shield Proceedings for six German subsidiaries last March.

h By Mds

Jun 26, 2020 — 9:00am

H&M swings to loss in second quarter, sales slump

The Swedish giant reported a pre-tax loss of 6.5 billion crowns ($685 million), against a year-ago 5.9 billion profit. The group is going to increase the pace of closures with around 170 gross closures this year.

h By P. R. D.

Jun 18, 2020 — 12:00am

Fashion questions sourcing in Bangladesh and India after Covid-19

Fashion groups that depend on these two markets follow closely the evolution of the pandemic and the business structure in both countries and are already beginning to think of alternatives.