- Prachi Singh |
Levi Strauss & Co., for its second quarter reported net revenues decline of 62 percent on a reported basis to 498 million dollars; due to the temporary closure of company-operated, franchise and wholesale customer retail locations as a result of the Covid-19 pandemic, partially offset by the company’s […]
- Angela Gonzalez-Rodriguez |
ANALYSIS Lululemon Athletica stock started rising after hours on Tuesday, following news on the yoga fashion brand’s acquisition of Mirror, a home fitness business. The deal’s price tag is 500 million dollars. The market sees this deal as a move by the fashion retailer to meet consumers where they are […]
- Angela Gonzalez-Rodriguez |
New York – With 373 stores – half of them in the UK, the brand’s domestic market – Primark’s leadership have said many times that their growth, now and in the future, will continue to come from growing their physical stores network. In light of the coronavirus pandemic and the way it has dramatically […]
- Prachi Singh |
Net sales at Hennes & Mauritz AB (H&M) decreased by 50 percent to 28,664 million Swedish krona (3,070.5 million dollars) in the second quarter. Also in local currencies, net sales decreased by 50 percent. Net sales in the six-month period decreased by 23 percent to 83,612 million Swedish krona […]
- Prachi Singh |
Nike, Inc. has announced that its fourth quarter revenues decreased 38 percent to 6.3 billion dollars, down 36 percent on a currency-neutral basis, primarily due to owned and partner physical store closures across North America, EMEA and APLA due to Covid-19, partially offset by growth in Greater China. […]
- Angela Gonzalez-Rodriguez |
New York – After running Calvin Klein for 17 years and tasting retirement from the fashion industry, fashion industry veteran Tom Murry has announced he will take the reins at Raul Peñaranda. Tom Murry, former CEO of Calvin Klein, announced his return to the fashion industry earlier in June, as h e […]
- Angela Gonzalez-Rodriguez |
ANALYSISNew York – British online fashion retailer Boohoo Plc. has announced it agreed to pay 5.25 million pounds to take over the online businesses of the Oasis and Warehouse chains. Boohoo said Oasis and Warehouse would be integrated into its online platform. The brands generated 47 million pounds […]
- Danielle Wightman-Stone |
US fast-fashion brand Forever 21 is launching new localised online stores for the UK and across Europe to target British and European consumers due to what it is calling “high demand” for the brand since its exit last year. The launch is part of the brand's new e-commerce centric global expansion strategy […]