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
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
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
Stores in the UK will soon reopen, but are customers hesitant to return?
London -The re-opening of retailers across the UK will be a welcome sign for the economy, but shoppers may be hesitant to return. From mid-June non-essential stores will reopen, but with online shopping booming during lockdown, and newly imposed health and safety regulations changing operations, some are questioning if shoppers will return as...
26 May 2020
080 Barcelona to hold digital format in September
Spanish fashion event 080 Barcelona has confirmed that its next edition will take place as a digital format. The 26th edition of the Catalan fashion week, which was to be held in late June, has been postponed to September and will run from the 14 to 17, following moves from other fashion weeks including London and Barcelona. The event promoted...
1 hour ago
Joor launches trade show platform and partners with Premium and London Fashion Week
The wholesale platform Joor has announced that it will be supporting upcoming summer fashion industry events, such as Premium Berlin and London Fashion Week, as well as several autumn events. Joor will partner with Premium Group and British Fashion Council to offer virtual versions of Premium Berlin and London Fashion Week this summer through...
1 hour ago