Business

Zalando, Sustainable Apparel Coalition and Higg Co introduce new global sustainability standard

Online fashion retailer Zalando, the Sustainable Apparel Coalition (SAC) and technology company Higg Co have announced their new collaboration, a new global sustainability standard for fashion brands and retailers, meant to accelerate sustainability industry wide. With SAC’s updated version of the Higg Brand & Retail Module (Higg BRM), Zalando -...

3 hours ago

Business

Ralph Lauren posts bigger loss, revenues drop 15 percent

Ralph Lauren Corporation has reported loss per diluted share of 3.38 dollars on a reported basis and loss of 68 cents on an adjusted basis, for the fourth quarter of fiscal 2020 compared to earnings per diluted share of 39 cents on a reported basis and 1.07 dollars on an adjusted basis for the same quarter of fiscal 2019. For fiscal 2020,...

21 hours ago

Business

Macy's begins refinancing

Macy's Inc, whose business moves will be closely watched as we are coming out of the coronavirus pandemic, has begun its refinancing procedures. The company has announced the offering of 1.1 billion dollars in secured notes that were set to maure in 2025. The company intends to use those notes along with cash on hand to repay the current...

26 May 2020

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