
The revenue of top fashion multinationals plummeted by 21.8% in the first nine months of 2020 because of the pandemic, according to a study published on Wednesday by Italian investment bank Mediobanca.
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The revenue of top fashion multinationals plummeted by 21.8% in the first nine months of 2020 because of the pandemic, according to a study published on Wednesday by Italian investment bank Mediobanca.
Uniqlo owner Fast Retailing has hit a milestone in its global ambitions with its value as defined by its share price reaching ¥10.87trn (€85bn) this week, more than any other company in the global clothing sector.
H&M Group has warned that its current quarter continues to see sales hurt by the pandemic. The warning came after it reported a sharp fall in profits for Q4 and the full year.
The Spanish fashion retailer is adapting to the new normal of lockdowns and remote working, and is set to extend its product range into the home linen and home decoration categories in Q2.
A major signal of what’s likely to happen more widely in UK retail in the next few years came on Wednesday as property giant Hammerson announced a major build-to-rent scheme for Leicester following the Debenhams exit.
The 2020 report by Paris-based association Climate Chance has described the global textile and apparel industry’s efforts to deal with the challenges of sustainable development as both fragmentary and insufficient.
Zara has radically upsized its presence at Landsec’s giant Bluewater mall in Kent with the 37,000 sq ft space also representing the UK debut for its global flagship concept.
The Trump administration expanded economic pressure on China’s region of Xinjiang, banning cotton imports from a powerful organization that it says uses the forced labor of detained Uighur Muslims.
French fashion designer Isabel Marant has apologized after the Mexican government criticized her for appropriating and selling clothes based on traditional indigenous patterns.
Ikea's shopping malls business said its expansion plans remained on track with visitors quickly returning to its premises after the lifting of coronavirus-related lockdowns which had forced stores to close.