Companies
US: Healthy Workplace Tax Credit to go ahead
The National Retail Federation welcomed new legislation that would give businesses a tax credit intended to help defer the cost of employee testing, PPE, cleaning and other steps needed to make workplaces safe during the coronavirus pandemic
US: major retailers requiring customers to wear face masks
As numbers of daily new cases continue high in the US, many retailers are following the practice advocated by the Centres for Disease Control and Prevention and demanding customers to wear face masks in their premises
VF Corp to open multi-brand retail store In Milan
The US-based group plans to open its first multi-brand store this fall. The location chosen was Milan (Italy). The store, inside a historic building at 11 Orefici Street, will feature collections from The North Face, Timberland and Napapijri with other VF brands
Is your store or brand ready for customers after COVID-19?
In the new normality of the post-COVID-19 the retailers' activities to promoting safety, protection and health measures for employees, customers and suppliers becomes key. Brand managers also have to think about several topics not to miss important opportunities for their businesses. Do you want to know more?
Open Your Mind campaign: initiatives in Portugal
Promoted by the European Commission, through the Executive Agency for Small and Medium-sized Enterprises and DG GROW (Directorate General for Internal Market, Industry, Entrepreneurship and SMEs), the campaign is presenting itself to young people
Tapestry with interim leadership changes
The New York-based house of modern luxury accessories and lifestyle brands, announced that effective immediately, Jide Zeitlin, Chairman and Chief Executive Officer, has resigned from the Company and its Board of Directors for personal reasons
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-
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