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The global fashion business journal

Sep 27, 20202:48am

Companies

h By MDS
Mar 18, 2020 — 5:05pm

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 — 4:43pm

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

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

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 MDS
Mar 18, 2020 — 8:54am
Between February 1 and March 16, the sales of the Spanish company fell by 4.9% due to the coronavirus crisis 
h By MDS
Mar 18, 2020 — 8:16am

At the end of 2019, the company achieved a net result of 3,639 million euros, while sales have risen to 28,286 million euros. 

 

h By MDS
Mar 17, 2020 — 7:23pm
Adidas joins a growing list of major retailers who have also taken the decision to close their stores over the coronavirus,  
h By MDS
Mar 17, 2020 — 5:05pm
Herman Waldemer, has been a member of the company’s board of directors since 2015, he has now been appointed the new chairman of the supervisory board, effective on May 7. 
h By MDS
Mar 17, 2020 — 4:28pm
American department stores join Abercrombie, Nike, Urban Outfitters and Guess, who in the last days have announced similar measures. 
h By MDS
Mar 17, 2020 — 4:04pm
“All the retailers are facing unique pressures due to the current situation”, pointed the British company. 
h By MDS
Mar 16, 2020 — 7:06pm
The US denim company has joined a series of fashion retailers that have opted to close their stores in order to stop the propagation of the coronavirus.  
h By MDS
Mar 16, 2020 — 5:16pm
 The footwear recorded revenue of 3 billion dollars and saw an increase in its profit when it reported 1.2 billion dollars in the period.  
h By MDS
Mar 16, 2020 — 5:03pm
The British e-commerce group plans to lay off a hundred workers with night shift roles who work in its customer care center in its Leavesden office (near Watford).   
h By MDS
Mar 16, 2020 — 4:42pm
The company has closed all its stores in France, Spain, and Austria, which represent 20% of its commercial network and generate 30% of the company’s sales.  

All economic news of the key fashion companies worldwide.

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