The Buckle, Inc. said that its total net sales for the month ended May 2, 2020 decreased 80.8 percent to 11.4 million dollars from net sales of 59.6 million dollars for the same period in the prior year. The company said in a statement that net sales for the 13-week fiscal quarter decreased 42.7 percent […]

FashionUnited interviewed Christina Fontana, fashion and luxury director for Europe at Tmall, the B2C market of the Alibaba Group. She talked to us about the future challenges that companies will have to face, as well as the different tools that Alibaba offers them to contribute to their international […]

Menswear designer John Varvatos has filed for bankruptcy. The company listed assets of as much as 50 million dollars and liabilities of 100 million dollars. John Varvatos Inc is fully owned by Lion/Hendrix Corp, which also filed for bankruptcy according to Bloomberg Law. Varvatos, who began his career […]

Shopify in the first quarter of 2020 saw a 47 percent jump in revenue to 470 million dollars. While many businesses are fighting to stay operational during the coronavirus crisis, retailers are turning to the Canadian e-commerce platform to build their digital sales channels. “The vast majority of people […]

British watch brand Tayroc has been acquired by independent agency Lid Project for an undisclosed amount. Created in 2014 by two sets of brothers, Kristian and Reiss Edgerton, and Dominic and James Owen, Tayroc, which offers premium men’s, ladies and unisex timepieces at accessible prices, has grown […]

Coronavirus continues to do its damage to the sales of global fashion brands, including Hugo Boss. The company has said they are already expecting a 50 percent decrease in sales. Hugo Boss has reopened stores in China and across parts of Europe, but many of their other key markets, including many parts […]

Sephora is trying to undo a temporary restraining order that keeps it locked into an agreement with J.C. Penney for operating mini-stores. Sephora has told a Texas federal court that the order was procured by "improper means" based on a "fanciful, one-sided narrative." Yesterday, a Texas federal court […]

Jewellery brand Pandora has stated that it is in a “strong financial position” to sustain a prolonged Covid-19 crisis, as it recorded positive organic growth in early 2020 and triple-digit online growth in April. Q1 2020 organic growth was -14 percent and EBIT-margin of 15.3 percent, which Pandora starts […]

Prada is seeing signs of recovery as markets in Asia signal confidence. The Milan-based luxury brand said it reopened stores in China, Korea and Taiwan where it saw double-digit growth in April. In Hong Kong and Macao, activity is slower due to a lack of tourists and ongoing protests. In Europe Prada […]

As Italy begins to ease its coronavirus lockdown restrictions, workers are beginning to return to their jobs. Beginning April 20, Prada began reopening their workshop in Tuscany, recalling 300 workers back to the job site. The following week, Prada began reopening factories in Umbria, Marche and Veneto. […]

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