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

More News