Business

Moncler posts 15 percent revenue decline in Q3

For the first nine months of 2020, Moncler said that the company recorded revenues of 765.1 million euros, a decrease of 23 percent at current exchange and of 22 percent at constant exchange rates impacted by the Covid-19 pandemic, whose effects continued also in the third quarter of this year, although with lesser effects. In the third quarter,...

23 Oct 2020

Business

Kering's luxury houses report positive sales growth in Q3

Kering’s consolidated revenue in the third quarter totalled 3,717.7 million euros, down 4.3 percent as reported and 1.2 percent on a comparable basis. This performance, the company said, represents a sharp rebound compared with the year-on-year contraction of 43.5 percent as reported and 43.7 percent on a comparable basis posted in the second...

23 Oct 2020

Retail

Is this the end of Gap's European journey?

Three years ago, in 2017, Gap closed its UK merchandising operations. The New York-based company had sought to centralise its global workforce, despite the European market showing different requirements in assortment and fit. At the time it affected all roles within the UK team, from allocators and assistant merchandisers to merchandising...

22 Oct 2020

Fashion

The impact of Covid-19 on Asian garment workers

All sectors of the fashion industry have been hit by the coronavirus pandemic, but on a global scale none has felt the impact as hard as garment workers in Asia. New research from the International Labour Organization (ILO) assessed the impact of the crisis on supply chains, factories and workers in 10 major garment-producing countries in Asia,...

22 Oct 2020

More News

Video

Video: Gucci reveals ‘Gucci Off The Grid’

Luxury fashion giant, Gucci, has launched ‘Gucci Off The Grid’. It is the brand’s first collection from the Gucci Circular Line, and the pieces in the collection are made from recycled, organic, bio-based and sustainably sourced materials. Gucci has partnered with Sims to create a digital-recreation of the circular fashion line, it is a...

15 hours ago

Fashion

Hosiery wholesale directory

The FashionUnited hosiery wholesale directory gives an overview of the international brands and collections which enables fashion buyers to find the perfect mix of labels for their stores. Consumers are looking for unique brands more and more so they can find an assortment of selection for their wardrobe. The B2B Marketplace provides a private...

16 hours ago