The Canadian fashion retailer has announced a 6.3% increase in fourth-quarter sales thanks to a strong performance from its e-commerce business, but anticipates significant declines in the first quarter due to Covid-19.
The outdoor apparel and equipment company has announced a new partnership with The Savory Insititute as part of its efforts to help build a regenerative leather supply chain for the apparel and footwear industry.
The funding consists of a £25m revolving credit facility from the government’s Coronavirus Large Business Interruption Loan Scheme and £25m of new notes that will be purchased by a group of current bondholders.
European e-tailer Zalando has taken a major step forward in driving a more sustainability-focused retail sector post-pandemic, making sustainability assessment mandatory for its private labels and partner brands.
Retailers and fashion firms will find themselves under heavier pressure from August with UK chancellor Rishi Sunak having announced on Friday that employers will have to pay part of the wages of furloughed staff.
Debenhams is cutting more than 1,000 HQ and store jobs as 17 branches are set to close, with the firm hoping to emerge from administration as a more flexible entity that can meet the challenges of the new retail world.
Prada has seen a double-digit increase in comparable sales in China this month, although there's still some way to go before the company can say its China business is back to full health following the lockdown.
The American cosmetics retailer announced a 32.7% decrease in Q1 sales on Thursday, leading the company to topple into loss as disruptions related to the ongoing Covid-19 pandemic took their toll on its operations.
When Sainsbury's new boss hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the conversation will be radically different from the one he might have imagined when he got the job.
The footwear group announced a net loss of $17.5 million, or $0.22 per diluted share, for the first quarter on Thursday, as the company’s sales suffered from the negative effects of Covid-19-related store closures.