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Business
John Lewis in complete strategy rethink: digital first and new business areas
The John Lewis Partnership has said it must diversify beyond retail to survive the turmoil on the high street and plans to expand into financial services, gardening, housing and rental options.
Fashion
Retail
HanesBrands Q2 pleases, Champion and innerwear are strong
HanesBrands, a US-based global marketer of branded everyday basic apparel, reported only a 1.3% decline in its net sales to $1.73bn during Q2, and net income for the quarter rose to $161.8m from $149.5m.
Fashion
Business
Under Armour gets online boost but expects more discounts
Under Armour said Friday it expects margins to be pressured for the rest of the year on the back of increased promotions, even as online demand helped the sportswear maker post a smaller-than-expected loss.
Fashion
Business
Lord & Taylor in bankruptcy filing
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
Fashion
Retail
Trade shows
Virtual trade show Pitti Connect online for over three months
Pitti Immagine has unveiled the website hosting all its trade shows until the end of October, featuring exhibitors’ collections and plenty of content and events, like ‘Sustainable Style’, headlined by Y/Project.
Fashion
Trade shows
Pitti praises EU accord, unveils Dolce & Gabbana plans
Pitti, fashion’s most important menswear trade fair, has praised the EU agreement to create a 750-billion-euro coronavirus recovery fund, and revealed more details of its plans to welcome Dolce & Gabbana in September.
Fashion
Industry
Childrenswear show Playtime goes 100% digital this season
Having cancelled the summer editions of the shows in Paris, New York and Shanghai, Playtime is relying on virtual solutions this season, powered up by new tools on its ‘I Love Playtime’ e-marketplace.
Fashion
Trade shows
Coterie cancels New York marketplace
Informa Markets Fashion’s flagship fashion trade show is the latest apparel industry event to be canceled in the wake of the Covid-19 pandemic, as the company focuses its efforts on its new digital show for fall 2020.
Fashion
Trade shows
