Covid-19 hits Alibaba's profit, posts 88 percent decline

Alibaba Group Holding Limited reported revenue of 114,314 million Chinese yuan (16,144 million dollars), an increase of 22 percent year-over-year for the quarter ended March 31, 2020. However, the group’s net income attributable to ordinary shareholders was 3,162 million Chinese yuan (447 million dollars), a decrease of 88 percent and net income...

May 22, 2020

Fashion

Resetting the fashion calendar

This time of crisis has provided a unique opportunity for creatives to reflect on the structure of the industry in ways not seen before. Critically examining current practices and long-held ethea is informing new and better working methods of thriving and surviving in the ‘new normal’ landscape. Trendstop invites FashionUnited readers to explore...

May 22, 2020

Business

Clarks to cut 900 jobs as part of transformation strategy

Clarks is set to cut around 900 jobs as part of its ‘Made To Last’ transformation strategy. The 195-year-old British footwear retailer said it has already announced 160 redundancies this week, including 108 at its headquarters in Street, Somerset. While 900 jobs are expected to go overall, it will be partially balanced by the creation of around...

May 22, 2020

Fashion INTERVIEW

Influencer marketing is here to stay post Covid-19

Since the outbreak of Covid-19, nationwide lockdowns and travel bans have immensely altered the way influencers work. The devastating impact on the entire fashion industry and the contraction of the global economy has largely diminished brands’ marketing budgets and put an indefinite halt on ongoing campaigns. However, as most of the world is...

May 22, 2020

More News
Fashion

Local Lithuanian fashion retailers style manneqins to sit in closed restaurants

Some wear bags over their heads and others stylish black fedoras but all are dressed to the nines as they silently wait in restaurants and cafes across Lithuania's capital Vilnius. Seated at tables spaced four metres (yards) apart, dozens of elegant mannequins are intended to help clients dine at a safe social distance, and perhaps, also to up...

May 22, 2020

Retail

Victoria’s Secret to close 250 stores across US and Canada

L Brands is planning to close around a quarter of the Victoria’s Secret stores across the US and Canada in the coming months. The company said it plans to close 250 stores and might close more in the coming years. In an earnings call on Thursday, chief financial officer Stuart Burgdoerfer said it was a "very significant decision" intended to...

May 22, 2020