The Lenzing Group Announces Q1 Results
The Lenzing Group, producer of specialty fibres, has announced its first half (H1) results for fiscal year 2020. Revenue during H1 FY20 ended on June...
Category : Retail
Debenhams Says it will cut 2,500 more jobs
Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to survive the coronavirus pandemic. This is on top of...
BACK TO SCHOOL SALES MAY NOT BE STRONG
Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to survive the coronavirus pandemic. shopping revenue and sales and...
Under Armour expects sales to fall 20% to 25% in second half of 2020 due to Covid-19
Despite better-than-expected financial results in the second quarter, Under Armour provided analysts with a cautious outlook due to the Covid-19 pandemic, causing shares to decline...
Inditex Takes Pledge to Support Workers Right & Suppliers
The biggest fast fashion retailer Inditex that has been sourcing fashion garments from many parts of the world has pledged to support workers’ rights and...
Chico’s Canada-based business has gone bankrupt.
Chico’s FAS Canada Co., filed for bankruptcy with the Office of the Superintendent in Bankruptcy in Ontario. The proceedings will be conducted through the District...
Cold water creek to shut down after three decades
Women’s specialty apparel chain Coldwater Creek has called it quits after more than three decades. The seller of classic women’s apparel, footwear and accessories last...
U.S. IMPORTS PERFORMING LIKE A YO-YO
Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19...
Gap and Levi’s To pay dues to garment vendors
After facing a backlash on social media for not paying dues several retailers have announced that they will be making payments to suppliers as quicks...