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Under Armour announces North American store reopenings

Under Armour announces North American store reopenings

On Thursday, the sportswear company said it reopened its first U.S. stores on May 15, and opened additional stores last week, with plans to reopen nearly 50% of its North American stores by Friday.
Fashion
Adidas and Allbirds race towards ultra-sustainable future in new sports shoe JV

Adidas and Allbirds race towards ultra-sustainable future in new sports shoe JV

Adidas and Allbirds are partnering “to push the boundaries of sustainability by setting out to accomplish something that has never been done before: a sports performance shoe with the lowest carbon footprint”.
Fashion
Puma launches collection with Gold's Gym

Puma launches collection with Gold's Gym

Puma has teamed up with Gold's Gym for the launch of a performance wear collection made to be worn both at the gym and outside of it.
Fashion
Hibbett Sports sales decline 21% due to pandemic

Hibbett Sports sales decline 21% due to pandemic

The Birmingham, Alabama-based sportswear retailer reported a 21.4% decrease in net sales for the first quarter on Tuesday, as a peak in online revenues helped to temper declines related to temporary store closures.
Fashion
Foot Locker starts streamlining after negative Q1

Foot Locker starts streamlining after negative Q1

The US sport retailer’s sales plummeted in the quarter which ended on May 2, falling by 43%. Stores are gradually reopening, but a major overhaul is on the cards, including closure of the Runners Point chain in Germany.
Fashion
Frasers exec slams government, says reopening delay could ruin some retailers

Frasers exec slams government, says reopening delay could ruin some retailers

Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.
Fashion
Norwegian sports retailer XXL brings back staff as sales rebound

Norwegian sports retailer XXL brings back staff as sales rebound

Nordic sporting goods retailer XXL is bringing back its furloughed employees in Norway and Finland as demand rebounds after the coronavirus downturn that began in March, the Oslo-listed company said on Tuesday. 
Fashion
Brazil's Centauro prepares share offer worth up to $173 million

Brazil's Centauro prepares share offer worth up to $173 million

Brazilian sports good retailer Centauro will sell 25 million shares in an offering to raise money to finance acquisitions, a securities filing showed on Tuesday.
Fashion
Lacoste names new North American and Latin American CEOs

Lacoste names new North American and Latin American CEOs

Both Robert Aldrich and Pedro Zannoni will report to Jean-Louis Delamarre, executive vice president, global markets and distribution.
Fashion
Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Fashion
Frasers Group eyes June reopening and reviews furlough wages

Frasers Group eyes June reopening and reviews furlough wages

In a letter sent to staff, CEO Mike Ashley said that stores could start to reopen from 1 June and revealed that most employees will continue to receive 100% of their pay during May.
Fashion
Lululemon, TJX, The Outlets at Tejon begin store reopening

Lululemon, TJX, The Outlets at Tejon begin store reopening

Brands such as Lululemon are gradually starting to welcome guests back to select locations, as well as major retailers and malls, including TJX and The Outlets at Tejon, in California. 
Fashion
Vans supports its retailers, offers personalised footwear with ‘Foot the Bill’

Vans supports its retailers, offers personalised footwear with ‘Foot the Bill’

US brand Vans, launched in the midst of the 1966 skate scene, is supporting its retailers through its e-commerce site. Custom Vans have been created by the stores, which will receive a portion of the profits.
Fashion
M&S to hibernate £200m "stock bulge", lockdown sales drop but reshaping plan on track

M&S to hibernate £200m "stock bulge", lockdown sales drop but reshaping plan on track

M&S has plans to hibernate some of its SS20 stock as it reveals a big sales hit due to the pandemic. But the firm is upbeat and says Clothing & Home is progressing, even though fashion retail will change post-crisis.
Fashion
VF Corp fights to control declines in full-year income

VF Corp fights to control declines in full-year income

The owner of Vans, The North Face and Timberland managed an impressive transformation in the fiscal year ended March 28, 2020, achieving a 2% increase in revenue despite a strong downturn in sales in Q4 due to Covid-19. 
Fashion
Sequential Brands pushed deeper into loss by coronavirus disruption

Sequential Brands pushed deeper into loss by coronavirus disruption

The New York-based brand management company announced a 20.7% decrease in first-quarter revenues from continuing operations on Friday, a decline which resulted in a significant widening of the group’s total net loss.
Fashion