While no major fashion firms have been spared, Japan's Fast Retailing, owner of the Uniqlo brand and not far behind the world's No. 2 H&M in sales, looks well placed to cope with the crisis better than rivals.
US fashion group PVH Corp. has announced the departure of its head of Europe and of Tommy Hilfiger’s global business. After 23 years with the group, Grieder will be replaced by current PVH Corp. COO Martijn Hagman.
Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns.
H&M , the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.
Zalando is continuing its sustainability drive and said it's the first platform worldwide to set science-based targets (SBTs) to reduce carbon emissions in line with the 1.5 degrees Celsius Paris Agreement figure.