Levi's announced its commitments to providing further financial support to its garment workers, after the company appeared on a list of brands that had not yet fully paid suppliers for already made product.
Levi Strauss & Co on Tuesday cautioned its business would be hit in the second half of the year, even as the brand’s sales have been improving at its reopened stores, following government-mandated Covid-19 lockdowns.
Schiaparelli kicked off first the ever fully digital Paris haute couture season on Monday with a film which concentrated on its couturier, Daniel Roseberry, since he was marooned in New York throughout the lockdown.
Bestseller's Jack & Jones has said a “revolutionary” chapter has been written in the brand’s history with its first digital collection launch to its teams around the world. And it's planning more live-streamed events.
The European textile and clothing industry “is ready to transform the [coronavirus] crisis into an opportunity, and become more digital, sustainable and agile,” according to Euratex, which represents the sector.
H&M saw a bigger H1 loss than expected as the coronavirus crisis crushed profitability. And while sales are recovering, they’re still down during June and markdowns will be ongoing in Q3, even though e-sales remain high.
Diesel has unveiled an all-digital way for the industry to buy without having to travel to showrooms, boosting sustainability and reflecting the post-Covid new world for fashion. All OTB brands will move to the platform.
Boohoo announced its new management incentive plan on Friday and the extent of the potential rewards for the top team underline just how confident the company is in its ability to expand and to grow its overall value.
Superdry is to take back control of its China operations. It will close its stores in the market but said China remains important and it's shifting its focus to the growth channels of online and wholesale.
Boohoo is the new owner of Oasis and warehouse, paying less than £6m for the two brands. It has also reported a robust Q1 with sales surging globally as it switched to athleisure and lockdown-friendly pieces.
The LA-based fashion retailer announced a 51.5% decrease in net revenue for the first quarter on Wednesday and predicted a “similar” decline for Q2, sending shares in the company down almost 12% in premarket trading.