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.

h By P. R. D.

Jun 11, 2020 — 9:00am

Inditex formula to lose just €175 million

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.