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China's July retail sales unexpectedly slip

China's July retail sales unexpectedly slip

China's retail sales unexpectedly fell in July from a year ago amid signs the recovery in the world's second-largest economy remains fragile.
Fashion
Retailers launch coalition to fight counterfeits on webstores

Retailers launch coalition to fight counterfeits on webstores

The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart and Target, said Friday it has joined a dozen+ trade groups to form a coalition to fight counterfeits on online platforms.
Fashion
U.S. retail sales rise less than expected in July

U.S. retail sales rise less than expected in July

U.S. retail sales in July increased less than expected and could slow further in the months ahead because of spiraling new COVID-19 infections and a reduction in unemployment benefit payments.
Fashion
Cambodia loses duty-free access to EU market from August 12

Cambodia loses duty-free access to EU market from August 12

Some of Cambodia's export items like garments, footwear and travel goods are now subject to the European Union's (EU) customs duties.
Fashion
UK fashion exports to face continued tariffs in US

UK fashion exports to face continued tariffs in US

Seventeen UK fashion and textile product lines will continue to be hit with an additional 25 per cent tariff in the US.
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
UK online sales rise continued in July, even fashion edged up

UK online sales rise continued in July, even fashion edged up

UK stores may have reopened but online sales continued to rise strongly in July and clothing even managed a slight uplift. That’s according to the latest IMRG Capgemini Online Retail Index (ORI).
Fashion
Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection

Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection

​American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.
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
Asos upgrades outlook as sales soar, returns stay low

Asos upgrades outlook as sales soar, returns stay low

​Wednesday brought a rare piece of good news from UK fashion retail as Asos said it has “continued to deliver a strong operational performance and year-on-year improvements in profitability” in this financial year.
Fashion
Debenhams confirms 2,500 job cuts, but store trading better than hoped

Debenhams confirms 2,500 job cuts, but store trading better than hoped

​Struggling British department store chain Debenhams is to cut a further 2,500 jobs, dealing the latest blow to the country’s battered retail sector from the Covid-19 crisis.
Fashion
Zalando reports big jump in brands using its services

Zalando reports big jump in brands using its services

​German online fashion retailer Zalando on Tuesday reported a more than doubling of sales on its site from brands seeking to expand their e-commerce presence, helping total second-quarter revenue jump 27%.
Fashion
UK retail sales begin recovery but normality still elusive

UK retail sales begin recovery but normality still elusive

UK retail sales are recovering but fashion isn't a priority for many consumers as other traditional summer spend takes over. However, more consumers now feel happier about entering stores.
Fashion
Simon Property, Amazon look at turning mall space into fulfillment centers

Simon Property, Amazon look at turning mall space into fulfillment centers

Mall operator Simon Property Group has been in talks with Amazon.com about turning some of its department-store sites into Amazon fulfillment centers, The Wall Street Journal reported.
Fashion
Fashion struggled in July says latest BDO sales tracker

Fashion struggled in July says latest BDO sales tracker

July was a disappointing month for UK physical shops and fashion really struggled with online sales unable to make up for spending that wasn't happening on the high street.
Fashion