Fashion
Tod's closes the year with sales down by 30.4%
In fiscal year 2020, Tod's consolidated sales totaled 637.2 million euros, down by 30.4% from 2019. In the fourth quarter of 2020, sales amounted to 184.5 million euros, down by 22.6%. China is already growing in double digits
Burberry: store sales decline by 9%
The UK-based fashion house has announced third quarter results, marked by decline in retail revenue. Suffering the impact of COVID-19 in its retail network, comparable store sales declined by 9% in the quarter
Boohoo buys several brands from Arcadia
The United Kingdom-based online fashion retailer acquired Dorothy Perkins, Burton and Wallis' brands, its intellectual property and stocks for 25.2 million British pounds in cash
Burberry included in Bloomberg's Gender Equality Index
The ethical character of the British fashion brand Burberry was first recognized by the Bloomberg Gender-Equality Index (GEI) - Bloomberg's Gender Equality Index
London Fashion Week February 2021 to go ahead with no live audience
The event due to run from Friday 19th to Tuesday 23rd will be able to go ahead as digital-only event. Shows, presentations and installations can be filmed and photographed but should not take place with an invited audience
ARKET stars childrenswear collection's rental service
The Nordic lifestyle brand, part of the H&M group, is offering a new rental service for its children’s collection in partnership with Amsterdam-based online shop and clothing subscription Circos
H&M Group reports sales down by 18%
The Sweden-based fashion group announced net sales amounting to 187 031 million Sweden Krona (22.45 billion US dollars) in the 2020 financial year. In local currencies, net sales decreased by 18%
Asos buys Topshop and other Arcadia's brands
The deal includes Topshop, Topman, Miss Selfridge and HIIT. The brands were for sale after the Arcadia group collapsed into administration by the end of 2020
Ireland: retail sales up by 14.3% in December
The volume of retail sales increased by 14.3% in December 2020 when compared to November 2020 on a seasonally adjusted basis. Data is from Ireland's Central Statistics Office (CSO)
Inspiramais starts today
A new digital edition of Inspiramais is taking place today and tomorrow. With the theme Antidote, the design and material innovation program for the fashion world will present references for the 2022_I season, while reflecting on the changes caused by the pandemic
Nordstrom holiday sales fall by 22%
The American chain of luxury department stores announced a net sales decline of approximately 22% for the nine-week holiday period ended on the 2nd of January 2021, compared with the nine weeks ended on the 4th of January 2020
G-III enters the race to buy Arcadia
The New York-based group G-III Apparel is said to have entered the race to acquire Arcadia and to be among the top four candidates (Next, Boohoo and American-based Authentic Brands). However, G-III has not yet publicly confirmed
UK: online sales growth hits 13-year high
Following an outstanding performance in November, online retail sales growth in December remained high at 37% Year-on-Year (YoY) growth. Online retail sales growth for the full year stands at 36% YoY, resulting in the highest annual growth since 2007
London Fashion Week will be digital and with no audience
The event will run from the 19th to the 23rd February 2021, with both womenswear and menswear designers to take part in a gender-neutral showcase. London Fashion Week February 2021 will be a digital event, taking into account the most recent government restrictions in England
Paris cancels physical shows for January fashion weeks
The two fashion weeks planned for this month in Paris - men's ready-to-wear and haute couture - will not have physical shows, as the French authorities decided to maintain the ban on the presence of an audience at events-
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