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Asos takes Covid in its stride as FY profits soar

Asos says it has emerged from the financial year as a stronger, more resilient and agile business and is well positioned for the uncertain l...

Digital wage payments must be scaled post-pandemic

A new report is calling on businesses and governments to scale up digital wage payments for low-paid workers after the Covid pandemic expose...

M&S faces rocky road amid restructructing

Following on from the 950 job cuts it announced just last month, Marks & Spencer has revealed today (18 August) it will make a further 7,000...

Tapestry turnaround plans focus on digital growth

Coach brand owner Tapestry Inc has embarked on a new multi-year turnaround plan to cut costs and focus on digital growth as shoppers continu...

Latest News

JCPenney to emerge from Chapter 11 under new owners 29 Oct 20

Beth Wright

JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Inc Simon Property Group, and a majority of its lenders in a move that paves the way for the completion of its financial restructuring.

Tapestry profits improve on China, e-commerce growth 29 Oct 20

Hannah Abdulla

Tapestry Inc., the owner of brands including Coach and Kate Spade, saw profits jump in the first quarter of the year despite a sales decline of 14% year-on-year, boosted by strong e-commerce growth and higher sales in China.

Gildan books Q3 profit drop on weaker activewear sales 29 Oct 20

Hannah Abdulla

Canadian apparel maker Gildan Activewear has seen third-quarter profits plunge as the impact of Covid-19 continued to batter sales.

Next ups FY profit outlook by GBP65m on Q3 sales beat 28 Oct 20

Beth Wright

UK clothing and homeware retailer Next Plc has raised its full-year profit guidance after posting better than expected full-price sales for the third quarter. 

Shoe Zone warns on store closures 28 Oct 20

Beth Wright

Shoe Zone has warned it may be forced to close up to 20% of its store estate in the next 18-24 months should the "antiquated" UK business rates system return in April next year.

Puma celebrates Q3 sales and profit rebound 28 Oct 20

Hannah Abdulla

Puma is celebrating a rebound of sales and profitability in the third quarter, boosted by additional demand following a weak second-quarter, but the group is entering the final three months of the year with caution due to continued uncertainty surrounding Covid-19.

Latest blogs

Garment workers still feeling pandemic impact 19 Oct 20

Leonie Barrie

An analysis of trade data on apparel imports into the US and EU appears to show that buyers cancelled orders worth at least US$16.2bn between April and June this year. The shortfall leaves massive arrears, with severe short and long-term impacts for workers and suppliers.

China leads US apparel import declines in August 12 Oct 20

Beth Wright

US apparel imports continued to climb in August as retail sales bounced back from the pandemic and merchants replenished inventories and stocked up early for the holiday season.

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