Prada has seen a double-digit increase in comparable sales in China this month, although there's still some way to go before the company can say its China business is back to full health following the lockdown.
The American cosmetics retailer announced a 32.7% decrease in Q1 sales on Thursday, leading the company to topple into loss as disruptions related to the ongoing Covid-19 pandemic took their toll on its operations.
When Sainsbury's new boss hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the conversation will be radically different from the one he might have imagined when he got the job.
The footwear group announced a net loss of $17.5 million, or $0.22 per diluted share, for the first quarter on Thursday, as the company’s sales suffered from the negative effects of Covid-19-related store closures.
Alibaba is emerging as one of China's biggest corporate winners of the coronavirus crisis, gaining the opportunity to expand its businesses and solidify itself as a critical part of the country's socio-economic engine.
Abercrombie & Fitch Co reported a steeper-than-expected quarterly loss on Thursday, hurt by plunging demand for apparel as most of its stores were forced to shutter to curb the spread of the novel coronavirus.
Haute couture is back on - at least digitally. The Fédération de la Haute Couture et de la Mode, the body which controls the Paris catwalk seasons, has announced that it will host a haute couture online season in July.