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Business

Stitch Fix disappoints with sales, swings to loss

Stitch Fix disappoints with sales, swings to loss

The San Francisco-based fashion subscription service reported lower than expected Q2 net sales of $504.1 million on Monday, up 12% year over year from $451.8 million. The company’s quarterly net loss was $21.0 million.
Fashion
Business
Diane von Furstenberg shutters rental service

Diane von Furstenberg shutters rental service

The American luxury brand has deactivated its DVF Link online rental subscription service as part of streamlining efforts being implemented as the company prioritizes the launch of its new e-commerce platform.
Luxury
Business

Gap reportedly weighing sale of China business

Apparel retailer Gap Inc is weighing options including a potential sale of its China business, Bloomberg reported on Monday, citing people with knowledge of the matter. 
Fashion
Business

Mango sees sales drop 22.4% but softens impact of Covid-19 thanks to digital

The company's revenues fell from 2.37 billion euros to 1.84 billion euros in 2020. Online sales grew 36% year over year to 766 million euros, representing 42% of total revenues, while EBITDA came to 193 million euros. 
Fashion
Business

Trade shows

Momad, Intergift, Bisutex, MadridJoya trade shows to be staged virtually from April 15

Momad, Intergift, Bisutex, MadridJoya trade shows to be staged virtually from April 15

Spanish show organiser Ifema will exceptionally hold its forthcoming fashion, gift and jewellery events 100% online via the LiveConnect platform, with the next physical editions planned for September.
Fashion
Trade shows
Digital edition of Première Vision show records 35,000 sessions

Digital edition of Première Vision show records 35,000 sessions

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.
Fashion
Trade shows

Shanghai textile trade shows postponed

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.
Fashion
Trade shows

WSN will not stage trade shows in Paris in March, only a Première Classe showroom

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.
Fashion
Trade shows