Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
coronavirus
Latest News & Analysis
China
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
Retail
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Global Markets
Italy Locks Down Milan and Much of Industrial North
Unlike Italy's national lockdown in the spring, all factories will remain open.
Italy Locks Down Milan and Much of Industrial North
Unlike Italy's national lockdown in the spring, all factories will remain open.
News & Analysis
Luxury Giants Urge UK Chancellor to Rethink Tax-Free Shopping Ban
Follow our live blog for continuous updates from the frontlines of fashion.
Luxury Giants Urge UK Chancellor to Rethink Tax-Free Shopping Ban
Follow our live blog for continuous updates from the frontlines of fashion.
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Sustainability
BoF LIVE: The Future of Fashion’s Supply Chain
How are brands and manufacturers building supply chain resilience in response to the pandemic?
BoF LIVE: The Future of Fashion’s Supply Chain
How are brands and manufacturers building supply chain resilience in response to the pandemic?
Retail
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
Retail
How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
Luxury
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
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Retail
New York Sees 40% Bankruptcy Surge, Braces for More
The pandemic could permanently close as many as a third of the city's 230,000 businesses.
New York Sees 40% Bankruptcy Surge, Braces for More
The pandemic could permanently close as many as a third of the city's 230,000 businesses.
News & Analysis
How PVH Corp. Is Positioning Itself for Fashion’s New Normal
President Stefan Larsson shares how PVH, which reported annual revenues of $9.9 billion in 2019, is positioning itself 'to win in the new normal.'
How PVH Corp. Is Positioning Itself for Fashion’s New Normal
President Stefan Larsson shares how PVH, which reported annual revenues of $9.9 billion in 2019, is positioning itself 'to win in the new normal.'
Retail
Sycamore Partners Bids for Ascena-Owned Ann Taylor
The retail group was struggling with dated brands and declining revenue even before the coronavirus crisis.
Sycamore Partners Bids for Ascena-Owned Ann Taylor
The retail group was struggling with dated brands and declining revenue even before the coronavirus crisis.
Retail
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
The News in Brief
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.