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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
CFDA names CaSandra Diggs its new President

CFDA names CaSandra Diggs its new President

The Council of Fashion Designers of America has named an insider as its new President, promoting CaSandra Diggs to the role. She’s a veteran of the fashion industry and of the CFDA, having joined it in 2001.
Fashion
Farfetch losses continue, but locked-down GMV and customer numbers soar

Farfetch losses continue, but locked-down GMV and customer numbers soar

​Luxury online platform Farfetch said it saw “strong momentum” in Q2, driven by the acceleration of online adoption, helping it to make “significant” market share gains and connect to record numbers of new customers.
Luxury
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
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
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
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
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
Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing

Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing

U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China's ByteDance, owner of video-sharing app TikTok, and Tencent, operator of messenger app WeChat.
Fashion
Hammerson to raise £825m, reboot lease terms with retailers, sell VIA stake

Hammerson to raise £825m, reboot lease terms with retailers, sell VIA stake

UK shopping centre operator Hammerson announced moves to raise a combined £825m on Thursday and said it would reboot the terms of its leases with retailers as it faced a slump in rent collections and footfall.
Fashion
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
Fine art and face masks: London's Victoria and Albert Museum reopens

Fine art and face masks: London's Victoria and Albert Museum reopens

​Five thousand years of art and design history will be joined by some more modern items when London’s Victoria and Albert (V&A) museum reopens on Thursday - hand sanitiser dispensers and protective screens.
Fashion
​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

Marcus Rashford, whose campaigning pushed the government to change policy on free school meals, has won further recognition for his poverty-fighting efforts - on the cover of British Vogue celebrating black leaders.
Fashion