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The global fashion business journal

Oct 22, 20216:01pm

Companies

h By MDS
Oct 18, 2021 — 4:00am
h By MDS
Aug 26, 2021 — 12:00am
Luxury: higher margins than in 2016 despite Covid-19

LVMH, Richemont and Kering ended 2020 decreasing by 1.3 points in their average gross margin. They also lost €13,000 million in sales in a year. 

h By MDS
Aug 20, 2021 — 12:00pm
Amazon plans to open department stores in the USA to push its offline distribution

The e-commerce company, founded by Jeff Bezos, plans to open several physical shops which will work as department stores in the United States to help expand the reach of sales in apparel, home goods, electronics and other areas.

The e-commerce company, founded by Jeff Bezzos, plans to open several physical shops which will work as department stores in the United States to help expand the reach of sales in apparel, home goods, electronics and other areas.

h By MDS
Jul 19, 2021 — 12:00pm

During the Covid-19 year, the group reacted by accelerating the importance of proximity on its production, with 49% of total suppliers. The group stopped working with 65 suppliers in China.

h By Mds
Mar 31, 2021 — 10:38am

The company’s net sales decreased by 21 percent in the quarter ended 28 February. The Swedish group has also issued a statement after the boycott suffered in China.

h By Mds
Mar 11, 2021 — 4:53am

The fashion retailer had a turnover of 6.6 billion euros online last year. High-street rivals H&M and Gap generated online less than €6 billion each last year.

h By P. R.
Feb 15, 2021 — 10:07am

H&M, Zalando and C&A lead fashion sales in Germany, while Marks & Spencer, Next and Primark take the main spot in the UK. France is dominated by sport players and Italy by pure players.

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 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.

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.

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 By P. R. D.
Jun 11, 2020 — 9:00am
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

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 — 5:05pm

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 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.

All economic news of the key fashion companies worldwide.

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