American Eagle Outfitters said it expects current-quarter revenue and operating income to surpass last two years’ numbers, betting on high-growth brand Aerie that sells work-from-home favorites lingerie and loungewear.
UK supermarkets giant Sainsbury’s is to cut jobs with 1,150 roles at risk. It's restructuring in order to invest in its food ops and a number of departments will be affected, including clothing and general merchandise.
Chancellor Rishi Sunak has unveiled what has been touted as the most important budget statement in decades. And there's plenty in the latest announcement that directly impacts the fashion and retail sectors.
The online edition of the Parisian textile/apparel trade show recorded a strong rise in audience compared to last autumn. Its next physical edition, originally planned for July 2021, will be held instead in September.
Intertextile, Yarn Expo, Chic and PH Value, scheduled in Shanghai on March 10-12, have been postponed. FashionNetwork.com has learned the possible new dates are March 17-19, if the authorities give the green light.
Health protection measures are once again preventing Paris’s trade shows from being held regularly. WSN’s joint event scheduled in early March has been cancelled, and only a reduced Première Classe show will be staged.
Paris’s Première Vision show will not be staged physically, but on February 15-19 it will hold a digital event featuring a revamped e-marketplace and several online debates with industry professionals and specialists.