French ophthalmic company EssilorLuxottica SA (ESLOF.PK, ESLOY.PK) Friday said it recorded solid growth in the months of January and February, in line with its full year targets. Due to the evolving coronavirus or COVID-19 pandemic, the company said its outlook for fiscal 2020 is no longer valid. In […]

Sports Direct boss Mike Ashley has said he is “deeply apologetic” for his company’s earlier efforts to keep stores open amid the country’s lockdown and has offered to help the NHS during the pandemic. On Monday evening, prime minister Boris Johnson announced the immediate closure of all ‘non-essential’ […]

For most apparel brands and retailers, “where do we start?” is an important question on their way to circularity. In 2017, the Global Fashion Agenda provided important pointers as to where the industry should go with the 2020 Circular Fashion System Commitment. For some, setting these goals was just […]

President of Geox, Mario Moretti Polegato and his son, Enrico Moretti Polegato, president of Italian sportswear brand Diadora, have donated one million euros to the Veneto Region in Italy to help manage the health care emergency caused by the coronavirus outbreak. In a statement, Mario Moretti Polegato […]

Canada Goose will leverage its manufacturing facilities to begin production of necessary medical gear for frontline healthcare workers and patients across Canada in the fight against COVID-19. The company will begin making scrubs and patient gowns, which are in short supply across the country, and will […]

A bankruptcy filing might be in the cards for luxury retail chain Neiman Marcus, as was first reported by Bloomberg Law on Monday. The Dallas-based company is struggling with debts and has been meeting with its lenders to discuss options that would allow it to continue operating and cut costs, and one […]

Luxury brands are adjusting their quarterly and annual outlooks as the coronavirus continues to ravish the fashion industry across all sectors. French luxury group Kering stated it expects a 15 percent comparable decline in its first quarter compared to 2019. Currently the Group is observing encouraging […]

Fast-fashion retailer Primark has closed all of its UK stores, following closures elsewhere in the world, and has cancelled all future orders due to the spread of the coronavirus. The retailer, owned by Associated British Foods, said that the response was due to what it was calling a “rapidly changing […]

New York – Target is the latest retailer to say it is handing out raises to employees working to keep shelves stocked amid a surge in demand sparked by the coronavirus pandemic. “With each passing day, it’s clearer how indispensable our team is to communities across the country as our guests cope with […]

China has finally started to offer a glimmer of hope amidst the coronavirus pandemic: the textile factories are slowly beginning to reopen. After the country reported no new coronavirus cases yesterday for the first time since the spread of the disease began, those watching the global markets and how […]

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