The owner of brands including Tommy Hilfiger and Calvin Klein achieved revenue of $2.1 billion in the fourth quarter ended January 31, 2021, representing a year-over-year decrease of 20% from $2.5 billion.
A group of investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China's Xinjiang region, highlighting the challenges for brands trying to maintain business ties.
Donatella Versace has launched Medusa Power Talks, a female-led platform designed to discuss the experiences of women in power in 2021. First guests include Precious Lee, Indya Moore, Irina Shayk and Chelsea Miller.
UK store retailers in England have been handed an added trading bonus with the introduction of extended opening hours. Stores will be able to trade from 7am to 10pm for six days a week when they reopen from 12 April.
Long seen as a bellwether for the health of UK clothing retail, Next will post its annual trading figures on 1 April. And although they're expected to reveal slashed profits last year, the outlook's far from gloomy.
Value retailer Studio Retail said its new CEO is in place. Paul Kendrick has been appointed to the top post as of now, replacing Phil Maudsley who retired and stepped down as a director of the company at the same time.
US Trade Representative Katherine Tai has said she was maintaining the threat of US tariffs on goods from Austria, Britain, India, Italy, Spain and Turkey in retaliation for their digital services taxes.