h By Mds

Jul 3, 2020 — 7:50pm

Esprit’s restructuring: 50 closures, 1,200 layoffs and €100 million annual savings

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.

h By P. R. D.

Jun 11, 2020 — 9:00am

Inditex formula to lose just €175 million

While analysts consider the fast fashion model to be a risk for the future, proximity sourcing has saved Inditex in the first quarter. The group has reduced its cost of sales in proportion to the drop in sales.

h By I. P. G.

May 6, 2020 — 9:11am

Three months of de-escalation, flexibility and WeChat: what can fashion learn from China

Local consultancy Fung Business Intelligence estimated that consumption will return to pre-crisis levels in two or three months, according to a report published on March 18, with an especially rapid recovery in clothing and cosmetics.

h By Mds

Apr 15, 2020 — 5:14pm

IMF: world economy to shrink 3% in 2020 in worst setback since Great Depression

The IMF expects a “partial” recovery in 2021. The cumulative loss to global GDP over 2020 and 2021 could be around 9 trillion dollars.

h By Mds

Apr 15, 2020 — 5:05pm

Zara owner rules out furloughs in Spain April despite store closures

Pablo Isla, chairman of the owner of Zara, has announced that it will continue to pay employees without government assistance.

h By I. P. G.

Apr 15, 2020 — 10:00am

Lessons from China after coronavirus: less traffic, cost containment and slow recovery

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

Black swans, gray rhinos the unknowns of fashion after the coronavirus

As a black swan, the Covid-19 outbreak is even more transformative than events such as 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 I. P. G.

Mar 25, 2020 — 9:03am

How long does it take for consumer confidence to recorver?

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.

Esprit’s restructuring: 50 closures, 1,200 layoffs and €100 million annual savings

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

Fashion questions sourcing in Bangladesh and India after Covid-19

Inditex formula to lose just €175 million

Three months of de-escalation, flexibility and WeChat: what can fashion learn from China

IMF: world economy to shrink 3% in 2020 in worst setback since Great Depression

Zara owner rules out furloughs in Spain April despite store closures

Lessons from China after coronavirus: less traffic, cost containment and slow recovery

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

Black swans, gray rhinos the unknowns of fashion after the coronavirus

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

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

How long does it take for consumer confidence to recorver?

Cotton prices hit ten-year low on uncertainty over coronavirus

Luxury stranded in Europe: Hermès and Chanel close their factories

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