26 ago 2021 - 00:00
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.
Companies
20 ago 2021 - 12:00
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.
19 jul 2021 - 12:00
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.
31 mar 2021 - 10:38
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.
11 mar 2021 - 04:53
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.
15 feb 2021 - 10:07
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.
31 jul 2020 - 10:04
The announcement follows senior leadership changes made last week. Nike intends to streamline its organization to transform the company faster.
8 jul 2020 - 20:09
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.
3 jul 2020 - 19:50
The Hong Kong-listed apparel retailer filed for Protective Shield Proceedings for six German subsidiaries last March.
26 jun 2020 - 09:00
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.
11 jun 2020 - 09:00
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.
6 may 2020 - 09:11
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.
15 abr 2020 - 17:05
Pablo Isla, chairman of the owner of Zara, has announced that it will continue to pay employees without government assistance.
9 abr 2020 - 10:00
A McKinsey report estimates that a two or three months lock down would bring a majority of players into financial distress situation.
6 abr 2020 - 16:00
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.
27 mar 2020 - 14:00
Companies like Inditex or H&M consider supply chain disruptions, changes in consumer behaviour or currencies as more likely risks than a pandemic.
19 mar 2020 - 20:00
Hermès has closed its 42 production plants in France except for Vaudreuil, where it produces its perfumes, which will now produce disinfecting gels.
19 mar 2020 - 17:00
40% of Burberry’s stores worldwide are currently closed. The company has announced additional closings in the upcoming days.
19 mar 2020 - 16:27
The American fashion retailer reached sales of 2.7 billion dollars during the fiscal year 2019 driven by the European market.
19 mar 2020 - 09:00
The 287 million euros provision has harmed the final sprint of the year for the Spanish group.
18 mar 2020 - 19:03
The Italian luxury company reached sales of 3.2 billion euros in 2019 and has recorded a net income of 256 million euros.
18 mar 2020 - 17:05
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
18 mar 2020 - 17:03
The British retailer has filed for administration putting 2,700 jobs at risk. It has ceased trading on the London Stock Exchange.
18 mar 2020 - 16:43
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.
Modaes Global - Companies | Economic news of fashion companies. All the economic news of the main companies in the fashion business in Spain and around the world. - Modaes Global.
