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

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