Companies
361 with decline in sales
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the second quarter of 2020
Iconix Brand Group is exploring sale
The Board of the Iconix Brand Group has decided to broaden its exploration of strategic alternatives available to the company to enhance shareholder value, including a potential sale
How to Communicate Sustainability?
Consumers are increasingly aware of the environmental issues and are become demanding regarding the products they buy. Are companies thinking about sustainability? And are companies communicating what they are doing?
Coronavirus driven lockdowns return to the US
Some US states such as California and Oregon are bringing back orders to lockdown as new cases of people infected with coronavirus continue to climb. Consumers in badly hit areas might not feel comfortable to visit stores
Mandatory footwear labeling is introduced in Russia
After several delays and despite the continuing complaints by market operators, Russian authorities have introduced a mandatory labelling of footwear on the domestic market. This is effective since the 1st of July and applies to domestic and imported footwear
CCC: revenue down by 21%, but e-commerce is getting strong
The CCC Group ended the second quarter with revenue of nearly 290 million euros, 21% lower than a year ago. The decrease in revenue was the result of pandemic and temporary store closures. E-commerce generated almost half of revenue in the quarter
Nike, Zara and adidas are the most valuable fashion brands
The BrandZ top 100 ranking of the world’s most valuable brands, released by WPP and Kantar, listed the Germany-based brand as number one brand in the apparel category. Nike is followed by European-based brands Zara and adidas
Burberry’s sales down by 45% in first quarter
Comparable sales of the Britain-based luxury brand declined by 45% in the first quarter, easing to -20% in June. Growth in Mainland China and Korea in June was ahead of pre Covid-19 levels, with sales of full-price leather goods up strongly in these regions
RTW Retailwinds voluntarily files Chapter 11 Bankruptcy
As a result, the retailer expects to close a significant portion of its brick-and-mortar stores. Company expects to fully repay approximately 12.7 million US dollars in remaining loan outstanding
ACLE 2020 rescheduled to 2021
In face of the unprecedented global COVID-19 pandemic, the organisers of All China Leather Exhibition (ACLE), APLF and the China Leather Industry Association (CLIA) have decided to postpone the 2020 event for next year
Richemont: quarter sales down by 47%
During the quarter under review, the group’s trading and operations were strongly impacted by Covid-19 and sales contracted significantly across all regions, channels and business areas, notwithstanding a 49% increase in China
More changes at Mulberry are underway
Last month, Mulberry announced plans to cut a quarter of its global workforce. Now, the British brand specialized in luxury handbags, should be about to close the offices in Paris and Hong Kong
The Covid Storm: From Difficulties to Relaunch
Expo Riva Schuh and Gardabags is kicking off with the first talk in the #PLAYfashion series, the latest digital initiative aimed at strengthening the relationship between the exhibition and its community
AAFA claims lack of trade credit insurance could hinder economy restart
A new report by economists Dr. Robert Litan and Dr. Yong Xu highlights the need for a government-sponsored backstop to support trade credit insurance (TCI) to ensure a safe recovery from the economic fallout caused by the COVID-19 crisis
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