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Iconix slips deeper into loss

Iconix slips deeper into loss

The New York-based brand management company announced a net loss of $95.0 million in the fourth quarter on Monday, widening from the loss of $69.1 million reported by the group in the same period in the previous year.
Fashion
Trump backs off plan to reopen businesses by mid-April amid coronavirus warnings

Trump backs off plan to reopen businesses by mid-April amid coronavirus warnings

President Donald Trump on Sunday extended his stay-at-home guidelines until the end of April, dropping a hotly criticized plan to get the economy up and running by mid-April after criticism for a top medical adviser.
Fashion
Deichmann, H&M and Adidas: More retailers stop paying rent

Deichmann, H&M and Adidas: More retailers stop paying rent

More and more well-known retail companies are holding back rent payments in Germany after being forced to close their stores in the fight against the coronavirus pandemic.
Fashion
Sports apps: a golden opportunity for brands

Sports apps: a golden opportunity for brands

More and more people are getting into sport and exercising at home under compulsory lockdown, presenting an opportunity for brands developing apps and online coaching services.
Fashion
River Island closes distribution centre

River Island closes distribution centre

River Island has added its name to the growing list of fashion brands that have halted online operations to allow warehouse staff to stay at home.
Fashion
Coats Group sees sales drop due to pandemic, 15 out of 50 plants are closed

Coats Group sees sales drop due to pandemic, 15 out of 50 plants are closed

Threads giant Coats Group has said it's taking a major hit from the Covid-19 outbreak as this month has seen brands and manufacturers starting to cancel or defer orders due to large-scale store closures.
Fashion
Frasers Group's Ashley issues apology, says firm ready to support NHS where it can

Frasers Group's Ashley issues apology, says firm ready to support NHS where it can

Mike Ashley issued a rare apology for his actions in recent days on Friday and said Frasers Group has offered its support to the NHS and is "poised and ready, with our entire fleet of lorries at their disposal".
Fashion
Lululemon ends year with 20% revenue jump, skips 2020 outlook

Lululemon ends year with 20% revenue jump, skips 2020 outlook

Lululemon Athletica Inc. was one retailer with good news on Thursday, as it reported fourth-quarter results that topped expectations, which lead to a 21 percent net revenue increase for full-year fiscal 2019.
Fashion
Adidas launches free virtual experiences for home workouts

Adidas launches free virtual experiences for home workouts

Adidas has announced that it’s to roll out free virtual experiences across social and digital channels, "to support our community as they stay active, practice mindfulness, learn and seek entertainment”. 
Fashion
Umbro launches Italian e-store in deal with Kooomo

Umbro launches Italian e-store in deal with Kooomo

The sportswear brand has added Italy to its list of online markets, just in time to serve customers during the lockdown. Social media manager Marina Amoruso said Italy is a key market for the company's future success.
Fashion
Under Armour chief product officer Kevin Eskridge to exit

Under Armour chief product officer Kevin Eskridge to exit

Eskridge, who will be leaving the company in August to pursue other interests, first joined Under Armour in 2009, and began as chief product officer in May 2017. 
Fashion
Condé Nast pushes luxury conference back three months to end July

Condé Nast pushes luxury conference back three months to end July

The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion
Nike's revenue beats as North America, Europe offset China sales drop

Nike's revenue beats as North America, Europe offset China sales drop

Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the drop in China sales due to the coronavirus-fuelled shutdowns. 
Fashion
Shutdowns stoke debate over what's an 'essential industry'

Shutdowns stoke debate over what's an 'essential industry'

Shortly after the closure of non-essential retailers was ordered on Monday to curb the spread of coronavirus, the parent company of Sports Direct wrote to its staff to say the next day would be business as usual.
Fashion
Puma sets short-time work for 1,400 staff

Puma sets short-time work for 1,400 staff

German sportswear company Puma announced on Tuesday that 1,400 staff would switch to shorter work hours until April 13 due to the coronavirus and said its three top executives would not take their full pay for April.
Fashion
Proenza Schouler teams up with Gwyneth Paltrow to drop athleisure collection

Proenza Schouler teams up with Gwyneth Paltrow to drop athleisure collection

While the majority of fashion labels have postponed the launch of their new collections, Gwyneth Paltrow and Proenza Schouler have unveiled their joint efforts for Goop, the star's wellness website.
Fashion