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Physical and digital runway shows on the schedule for Milan Fashion Week

Physical and digital runway shows on the schedule for Milan Fashion Week

The Camera Nazionale della Moda Italiana has unveiled the provisional calendar for Milan Fashion Week, which will be held from September 23-28.
Fashion
Coach, Kate Spade owner Tapestry helped by China recovery, but cuts costs

Coach, Kate Spade owner Tapestry helped by China recovery, but cuts costs

Tapestry Inc reported a smaller-than-expected quarterly loss on Thursday, as a recovery in sales in China and a tight lid on expenses helped it weather some of the impact of the COVID-19 pandemic.
Fashion
Marimekko to restructure as crisis hits it hard

Marimekko to restructure as crisis hits it hard

As Marimekko announced a 20% fall in sales, it also said it’s planning to restructure its ops. It blamed the pandemic, saying the “global fashion and specialty retail sector is facing the worst crisis in decades”.
Fashion
Marimekko says Q2 sales dropped 20% to €23m

Marimekko says Q2 sales dropped 20% to €23m

Marimekko, a Finnish lifestyle design company, has announced its second quarter (Q2) financial results for fiscal 2020. The company’s net sales fell 20 per cent to €23.3 million.
Fashion
Authentic Brands and Sparc set to clinch Brooks Brothers

Authentic Brands and Sparc set to clinch Brooks Brothers

US apparel retailer Brooks Brothers said late Tuesday that it is to be acquired by Authentic Brands Group and Sparc Group after they increased their $305 million offer to $325 million.
Fashion
E-commerce sales jump above 40% for Geox in H1

E-commerce sales jump above 40% for Geox in H1

The Italian brand reported a 39 per cent sales decline to €243.6 million in its first half that ended on June 30, compared to sales of €399.4 million in the same period last year, but e-tail surged.
Fashion
Moschino, Ferretti parent sees lower sales, swings to net loss

Moschino, Ferretti parent sees lower sales, swings to net loss

Aeffe SpA reported 31.4 per cent sales decline to €118.9 million in its first half ended on June 30, 2020 compared to sales of €173.3 million in the same period last year.
Luxury
Richemont to ask shareholders permission for conditional share capital increase

Richemont to ask shareholders permission for conditional share capital increase

Richemont, the owner of Cartier and Chloé, gave details of its proposed shareholders' loyalty scheme on Friday, where it will give warrants to investors which later can be converted into newly created stock.
Luxury
Montblanc links with YNAP for new 'seamless' mobile-first webstore

Montblanc links with YNAP for new 'seamless' mobile-first webstore

Richemont’s Montblanc brand and the luxury giant’s Yoox Net-A-Porter e-tail specialist have announced a new partnership. Montblanc will now use YNAP “to power the next iteration of its successful e-commerce platform”.
Luxury
Capri beats sales estimates on e-tail surge, China strength

Capri beats sales estimates on e-tail surge, China strength

Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by a recovery in demand for its Versace and Jimmy Choo brands in China and a surge in online shopping.
Fashion
Frasers Group plans major opening at regional retail park, Flannels included

Frasers Group plans major opening at regional retail park, Flannels included

Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.
Fashion
Marimekko chooses CFW as virtual showcase this month

Marimekko chooses CFW as virtual showcase this month

Finnish design house Marimekko Oyj will present its pre-spring 2021 collection digitally at Copenhagen Fashion Week (CFW) on August 12.
Fashion
Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world.
Fashion
Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss said on Tuesday it had returned to strong growth in China in June and online sales jumped 74% in the second quarter even as it reported an overall 59% fall in sales for the period due to lockdowns.
Luxury
Burberry opens first luxury social store in China, tech and exclusives are key

Burberry opens first luxury social store in China, tech and exclusives are key

Burberry on Friday announced the opening of its long-awaited social retail store in China’s technology hub Shenzhen, “blending the physical and social worlds in a digitally immersive retail experience”.
Luxury
Nike, Birkenstock beat designer labels to head latest Lyst Index

Nike, Birkenstock beat designer labels to head latest Lyst Index

​It’s been a weird year for fashion retail so far and Q2 in particular saw unprecedented global conditions, so it’s no surprise that the new Lyst Index is different from usual with Nike and Birkenstock's riding high.
Fashion