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The global fashion business journal

Nov 28, 20202:14pm

h By Mds
Sep 4, 2020 — 11:03am

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
h By P. R. D.
Aug 3, 2020 — 5:00am

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

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

h By Iria P. Gestal
Jul 24, 2020 — 10:00am
h By Mds
Jul 8, 2020 — 8:09pm

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.

Brooks Brothers files for Chapter 11 bankruptcy
h By Mds
Jul 3, 2020 — 7:50pm

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

Esprit’s restructuring: 50 closures and 1,200 layoffs
h By Mds
Jun 26, 2020 — 9:00am

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&M swings to loss in second quarter, sales slump
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
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

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

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
h By I. P. G.
Apr 9, 2020 — 10:00am

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

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