Extended store closures, furlough programs and base salary reductions are just some of the measures announced by U.S.-based fashion retailers such as Crocs, Ascena and G-III since the start of the week.
Apparel rental services could now be taking spend away from traditional sales in an already challenged sector, and it remains to be seen if rental clothes will cannibalize retail sales over the longer term.
The New York-based womenswear retailer announced decreased sales and a net loss of $7.5 million for the second quarter ended August 3, 2019, as well as plans to exit its recently launched Uncommon Sense brand.
Kate Hudson has taken the next step in her fashion career with the launch of her new ready-to-wear brand, Happy x Nature.The actress and entrepreneur's latest venture is now live, following days of teasing.
China's Fosun International announced on Wednesday the appointment of Eran Cohen to CEO of US luxury label St. John Knits. Cohen succeeds Bruce Fetter, who has retired after more than 15 years with the company.