For the first quarter to February 29, 2020, Hennes & Mauritz (H&M) group’s net sales increased by 8 percent to 54,948 million Swedish krona (5,433 million dollars), while in local currencies, net sales increased by 5 percent compared with the same quarter the previous year. The company added […]

Fourth quarter revenue at PVH Corp increased 5 percent or 6 percent on constant currency basis to 2.6 billion dollars compared to the prior year period. The company said in a statement that loss per share on a GAAP basis was 93 cents for the quarter compared to earnings per share of 2.09 dollars in […]

According to preliminary, unaudited results, Tom Tailor Holding SE reported revenue decline of 4.8 percent to 803.1 million euros (882 million dollars) due to continued decrease in revenue at Bonita amid the difficult market situation as well as further planned store closures in this segment. The company […]

Monsoon Accessorize has announced its trading has been “badly affected” by Covid-19 and as a result is mulling a potential sale of the business. The company said it had been trading well up until the impact of the coronavirus pandemic took its toll on the industry, indicating that the Company Voluntary […]

Ted Baker has appointed Rachel Osborne as the company’s Chief Executive Officer. The company said in a statement that Osborne, whose appointment will be effective immediately, has more than 20 years’ of relevant brand and retail sector experience. She joined Ted Baker as chief financial officer in November […]

Target Corp. said it will reduce the number of new small format store openings as well as store remodel projects scheduled for 2020 due to the challenging environment resulting from the coronavirus pandemic. Providing an updated plan for its remodel program, the discount retailer said it now anticipates […]

Governments across the world have ordered the closure of non-essential stores during the COVID-19 crisis, but many online retailers are unable to fulfil orders with a lack of back-end support and staff. Department store Fenwick announced this week it would close both its online and physical stores, […]

ANALYSISNew York – China was the first market severely affected by the novel coronavirus pandemic, offering a great example not only in terms of how to fight the virus outbreak but also regarding the many ways the retail industry has watered the crisis. From WeChat private groups to live-streaming shows, […]