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The Business of Fashion

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Retail

Lockdowns Hit Harrods’ Bottom Line

Sales and profit at the famed London department store plummeted in 2020 as a result of strict lockdown measures that forced its Knightsbridge location to close for much of the year, according to business accounts filed with the UK’s Companies House.

Retail

Zalando’s Profit Falls as In-Store Sales Rebound

It said there was a “fierce promotional environment” in many European markets, adding that unusually warm weather in September had kept a lid on demand for full-price fall/winter items and increased sales of discounted spring/summer fashion.

Financial Markets

Ralph Lauren Expands Market Share in Its Latest Quarter

The company has been slower than some of its peers to recover from the pandemic, which has squashed some of investors’ optimism going forward.

Retail

Matchesfashion Suffers $50M Loss Over Pandemic Period

The luxury fashion retailer was hit hard by the adverse impacts of the pandemic, while Brexit added “additional cost and complexity,” according to business accounts filed with the UK’s Companies House.

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Financial Markets

Ermenegildo Zegna Group Sees Signs of Pandemic Recovery in H1

The Italian luxury group returned to profitability in the first half of 2021, after the pandemic sent sales plunging and pushed it into the red.

Luxury

Victoria Beckham’s Sales Returned to Growth in 2019

The brand has yet to turn a profit after more than a decade in operation, but it was back on a growth trajectory ahead of the pandemic, according to accounts published Thursday.

Retail

Matchesfashion Hit by £6 Million Loss in 2019 Ahead of Pandemic

The luxury e-commerce retailer reported a £5.9 million ($7.9 million) loss for the fiscal year ending 31 January 2020, just weeks before the pandemic

Retail

Superdry's Revenue Falls as Virus Curbs Hit Footfall

The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.

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Beauty

Estée Lauder Tops Estimates Thanks to China Demand and Online Boost

The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.

Retail

Boohoo Shoppers Undeterred by Scandal

The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.

Luxury

All Eyes on Prada at Milan Fashion Week

This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.

Retail

H&M Third Quarter Profit Beats Estimates

The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.

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