Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
Tapestry plans to have over 300 stores in North America offering curbside pickup by the end of this week, and also plans to open approximately 20 stores in Europe and 35 stores across Japan, among other reopenings.
The British Fashion Council (BFC) has revealed the names of the first 37 designer brands to receive financial support from its Covid-19 crisis fund, that include Charles Jeffrey, Craig Green, Richard Quinn and Roksanda.
The perfume maker has announced a 46.8% decline in Q1 net income, due to hefty sales declines in the Middle East and Asia early in the quarter, followed by decreases in other markets as the coronavirus pandemic evolved.
Coach handbag maker Tapestry Inc said on Thursday it would begin reopening stores in North America and Europe as the firm slowly starts to “turn the lights back on” after the coronavirus pandemic hammered its business.
The perfume maker announced on Wednesday that its sales dropped 18.7% in the first quarter, with Coach and Guess-branded fragrances helping to offset some of the negative impact of the ongoing Covid-19 pandemic.
The owner of Coach, Kate Spade and Stuart Weitzman has announced a range of new measures to deal with disruption caused by Covid-19, including the reduction of its part-time workforce and cuts in corporate salaries.