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The global fashion business journal

Mar 30, 20208:42pm

h By C. J.
Mar 27, 2020 — 2:00pm
h By C. J.
Mar 24, 2020 — 10:00am

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

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

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

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

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


Burberry quantifies the impact of Covid-19: a 50% slump since January
h By Mds
Mar 19, 2020 — 4:27pm

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

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.

Inditex confirms fourth-best quarter in three years
h By MDS
Mar 18, 2020 — 7:03pm

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

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

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

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. 

h By MDS
Mar 18, 2020 — 4:08pm
Foot Locker pulls guidance for 2020 following store closures

Footlocker revises its outlook for 2020, a year in which the company expected to grow by 5% year-on-year and closes stores across North America, Europe, Africa, and the Middle East. 

h By MDS
Mar 18, 2020 — 4:01pm
Macy’s closes all stores in the U.S. amid coronavirus

Kering, Tiffany, Hudson’s Bay, Douglas, Selfridges, and Nordstrom have joined the growing list of retailers that have closed their stores to combat the spread of the coronavirus among the public. 

h By F. Tatiana. Ngo Bii
Mar 18, 2020 — 9:00am

 The current pandemic has led to nationwide lockdowns. For American retailers, the path will be even harder.   

If European giants cry, what would be of Americans?
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