Department store chain Neiman Marcus has filed for bankruptcy protection due to the ongoing COVID-19 outbreak.Neiman-marcus
Mango
Mango will be donating 1% of in-store sales
Mango pleged to donate 1% of in-store sales revenue to WHO’s solidarity fund for COVID-19https://fashionbi.com/insights/marketing-research/fashionbi-fashion-business-during-coronavirus-pandemicmango
Footwear brand Ugg has released colour-changing thermal sneakers called "CA805 x Thermal", made with heat-sensitive uppers that change color depending on the temperature.https://fashionbi.com/insights/marketing-research/technolog...
Giorgio Armani's next haute couture show to be in Milan
Usually a part of the Paris Haute Couture week, Giorgio Armani is planning on doing his next Armani Privé show in Milan.https://fashionbi.com/insights/marketing-research/challenging-the-fashion-calendargiorgio-armani
COS
COS sustainable activewear brand
COS is launching a new 15-piece collection activewear brand which will be sustainable. https://fashionbi.com/insights/marketing-research/circular-economy-in-fashioncos
American brands like Gap, Kohl's, American Eagle, and Abercrombie&Fitch start reopening stores in the US.https://fashionbi.com/insights/marketing-research/fashionbi-fashion-business-during-coronavirus-pandemicgap american-eag...
Luxury brand Mulberry will stop the use of exotic skins in all its collections.https://fashionbi.com/insights/marketing-research/eco-friendly-fashionmulberry
Activewear brand Lululemon has opened a 5,590 square-foot retail store in Hong Kong, the brand's biggest in the world.lululemon
Innisfree
AmorePacific, profits fell by 42%, the largest decline in...
The aftermath of the pandemic struck the Korean beauty giant "AmorePacific". In the first quarter of 2020, operating profit decreased (-66.8%) and net profit reached -41.9%, totaling 94.8 billion won (74 million euros).Sales also...
Loewe Handicraft Competition postponed to next year
According to Fashion Business News, the Loewe handicraft competition initiated by LVMH's luxury brand Loewe Foundation and the Museum of Decorative Arts in Paris will be postponed to next spring because the development of the epi...
Mango will donate 1% of physical store sales to WHO
Spanish fast fashion Mango announced that it will donate 1% of its physical store sales to the World Health Organization’s anti-coronavirus fund to support medical institutions fighting the virus. The plan will last for two month...
On May 7, Milan time, after five years of operation, Prada permanently closed its only store in South Africa. The store is located in a luxury retail area on Diamond Boulevard in Sandton City Mall and covers 8611 square feet. The...
Victoria’s Secret and its parent company L Brands Inc. are suing the landlord of their flagship store in New York City’s Herald Square, arguing that the coronavirus pandemic has rendered it “impossible” to continue paying almost ...
Dior
Dior has launched a digital “pop-up” for customers in UAE
Brands are using digital platforms in new ways. Dior has launched a digital “pop-up” for customers in UAE just in time for Ramadan celebrations – a temporary online boutique with a new capsule collection. https://fashionbi.com/in...
Due to the decrease in Chinese customers, La Prairie sale...
Baiersdorf said that La Prairie about one quarter of Lambert's business comes from the travel channel, and the main customer of this channel is Chinese. The global travel ban under the pandemic has severely damaged the channel.