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The global fashion business journal

Jul 3, 202012:32am


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.  
h By MDS
Mar 16, 2020 — 4:17pm
The Swedish company, which has presented its quarterly results today, has closed its stores in thirteen countries and is already anticipating an impact on its sales for the month of March.  
h By MDS
Mar 16, 2020 — 4:02pm

The Swedish fashion retailer has reduced its sales in China by 24% in the period, which coincides with the surfacing and first weeks of the Covid-19 outbreak.  

h By MDS
Mar 13, 2020 — 4:50pm
 Aeffe has ended the 2019 financial year with losses of 12.3 million euros, while it has registered a revenue of 351 million euros. The group has not yet quantified the impact the coronavirus may have on their business. 

All economic news of the key fashion companies worldwide.