h By I. P. G.

Apr 9, 2020 — 10:00am

Fashion, in jeopardy: nine out of ten companies threatened by corona crisis

A McKinsey report estimates that a two or three months lock down would bring a majority of players into financial distress situation.

h By P. R. D. / C. D. A.

Apr 6, 2020 — 4:00pm

The unknowns of fashion after the coronavirus

As a black swan, the Covid-19 is even more transformative than the Arab Spring, or even the fall of the Berlin Wall.

h By P. R. D.

Apr 1, 2020 — 4:00pm

Fashion sales to shrink by $600 billion this year due to corona crisis

In Italy or Spain, two of the most affected countries, the decrease in sales could reach up to 40%, according to Boston Consulting Group data.

h By C. J.

Mar 27, 2020 — 2:00pm

Pandemics, a risk for fashion? <br> Only Gap saw it coming

Pandemics, a risk for fashion?
Only Gap saw it coming

h By C. J.

Mar 24, 2020 — 10:00am

Cotton prices hit ten-year low on uncertainty over coronavirus

The decrease in production, together with the fall of demand and the paralysis of cotton exports to the United States are some of the factors that motivated the price fall.

h By Mds

Mar 19, 2020 — 8:00pm

Luxury stranded in Europe: Hermès and Chanel close their factories

Hermès has closed its 42 production plants in France except for Vaudreuil, where it produces its perfumes, which will now produce disinfecting gels.

h By Mds

Mar 19, 2020 — 5:00pm

Burberry sales fall 50% slump since January

40% of Burberry’s stores worldwide are currently closed. The company has announced additional closings in the upcoming days.

h By Mds

Mar 19, 2020 — 4:27pm

Guess, on the rise: revenue swells 2.6% while profit surge by 8.1% in 2019

The American fashion retailer reached sales of 2.7 billion dollars during the fiscal year 2019 driven by the European market.

h By PILAR RIAÑO

Mar 19, 2020 — 9:00am

Inditex confirms fourth-best quarter in three years

The inventory provision of 287 million euros due to the impact of the pandemic tarnishes the final sprint of the year for Inditex, which has recorded its largest growth in sales in its fourth quarter since 2016.

h By MDS

Mar 18, 2020 — 7:03pm

Prada grows 3% in 2019 but slows down in the first quarter over coronavirus

The Italian luxury company reached sales of 3.2 billion euros ($3.5 billion) in 2019 and has recorded a net income of 256 million euros ($280 million).

h By MDS

Mar 18, 2020 — 6:24pm

Golman Sachs expects Eurozone’s GDP to dip 1.7%

American international investment bank, Goldman Sachs has lowered the forecast of the main economies in the Eurozone and anticipates its GDP to plunge by 1.7%.

h By MDS

Mar 18, 2020 — 5:05pm

Amazon seeks to hire 100,000 people in the U.S. to keep up with high demands

The company will allocate 350 million dollars to raise the salary of its employees to boost hiring in order to help meet coronavirus-related orders

h By MDS

Mar 18, 2020 — 5:03pm

Laura Ashley falls into administration amid coronavirus

The British retailer has filed for administration putting 2,700 jobs at risk. It has ceased trading on the London Stock Exchange.

h By MDS

Mar 18, 2020 — 4:59pm

Coronavirus: Artemisia and Santini join the production of masks

Italian industrial companies have started to produce face masks, disposable gowns and sanitary packaging due to the spread of the pandemic.

h By MDS

Mar 18, 2020 — 4:43pm

Gap closes all of its stores in North America over pandemic

Gap announced that starting tomorrow all of its stores in North America will be closed. So far, Macy’s, Kering, Nike or Hudson’s Bay, among others, have also taken the equivalent measures.