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.
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.
The company has been slower than some of its peers to recover from the pandemic, which has squashed some of investors’ optimism going forward.
The company has been slower than some of its peers to recover from the pandemic, which has squashed some of investors’ optimism going forward.
The pandemic has radically shifted the retail landscape, creating new challenges for incumbents H&M Group and Zara-owner Inditex.
The pandemic has radically shifted the retail landscape, creating new challenges for incumbents H&M Group and Zara-owner Inditex.
When China lifted its lockdowns, consumers went on a shopping spree that immediately boosted revenue for some brands. Will newly vaccinated consumers in the US and Europe do the same?
When China lifted its lockdowns, consumers went on a shopping spree that immediately boosted revenue for some brands. Will newly vaccinated consumers in the US and Europe do the same?
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H&M Group sank to a loss in the second quarter of 2020 as the pandemic caused sales to plummet 50 percent year-on-year, but it has since recovered faster than expected. The fast fashion giant’s chief executive is focusing on more sustainable business models to drive growth in the coming years.
H&M Group sank to a loss in the second quarter of 2020 as the pandemic caused sales to plummet 50 percent year-on-year, but it has since recovered faster than expected. The fast fashion giant’s chief executive is focusing on more sustainable business models to drive growth in the coming years.
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The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.
After crossing the 30 percent ownership threshold, Frasers is now required to make a mandatory takeover bid under German rules.