Apparel seller Stitch Fix Inc plans to cut jobs in California and invest in other U.S. states where the company would offer new roles to all those affected, Chief Executive Officer Katrina Lake said on Monday.
The Danish fashion event has pushed back its summer session’s dates but will still be held in physical format, unlike similar events. The decision came after an agreement was reached with the CIFF and Revolver shows.
The event, previously postponed due to the Covid-19 crisis, will be held on October 15-19 under the aegis of jury presidents Jonathan Anderson, Paolo Roversi and Hubert Barrère, featuring a new prize sponsored by Hermès.
Reopening is hugely important for every physical retailer, but it's even more so for Primark, which has admitted it's been losing £650 million in sales a month due to lockdowns as it has no webstore to fall back on.
Fast Retailing’s Uniqlo will open an expanded Uniqlo Tokyo on June 19 in the key Ginza shopping district. The company has renovated its store in the Marronnier Gate Ginza 2 building as the area is redeveloped.
The Canadian fashion retailer has announced a 6.3% increase in fourth-quarter sales thanks to a strong performance from its e-commerce business, but anticipates significant declines in the first quarter due to Covid-19.
The outdoor apparel and equipment company has announced a new partnership with The Savory Insititute as part of its efforts to help build a regenerative leather supply chain for the apparel and footwear industry.
U.S. consumers cut spending by the most on record for the second straight month in April and the growing frugality reinforced expectations the economy could take years to recover from the Covid-19 pandemic.