Primark will have lost around £1.1 billion worth of sales due to lockdowns and other restrictions in the 27 weeks up to the end of this month, the value retailer said on Thursday.

The American brand founded by Ronnie Fieg is opening a store in the French capital. Spread over three floors, the 16,000-square-foot location not only offers the label's latest collections, but also a restaurant. 

The Los Angeles-based online fashion retailer reported Q4 net income of $19.0 million on Wednesday, representing a year-over-year increase of 126% compared to $8.4 million in the prior-year period.

The Victoria’s Secret parent company reported fourth-quarter income of $860.3 million, or $3.03 per share, on Wednesday, beating analysts’ estimates of $2.91 per share.

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.

Discount store operator TJX Cos Inc missed estimates for holiday-quarter results on Wednesday, as coronavirus-induced lockdowns in Europe and Canada shaved about $1 billion off its sales.

Italian brand Missoni kicked off the first day of Milan Fashion Week on Wednesday, with designers once again forced to swap the buzzing catwalks for digital presentations due to the COVID-19 pandemic.

German sportswear company Puma expects the financial impact from coronavirus lockdowns to last well into the second quarter, but believes global growth in running should help to support a strong improvement after that.

Fashionistas will have to log on to soak up the glamour at Milan Fashion Week, which remains online a year after the coronavirus first swept into northern Italy.

Prepare for the footfall surge. With the 12 April date set for the long-awaited reopening of non-essential retail in England, UK stores can expected a 47.9% week-on-week leap in footfall, according to Springboard data.

Kim Jones appreciates a powerful woman; like the Fendi sisters or the latter-day empresses of style that starred in his first women’s ready-to-wear collection for the fashion house, unveiled Wednesday.

Consumers have shifted to e-shopping in the past year, but when stores reopen, they'll be glad to get back to physical shopping. Yet digital habits are ingrained for consumers globally and social commerce is on the rise.

​John Lewis’s buying director of fashion is set to stand down after many years at the firm. But it seems the move isn't linked to the retailer’s general restructuring. Christine Kasoulis will leave to focus on her MBA. 

Bad news for the fashion sector came with a study released Wednesday that claims microplastics from textiles damage lung cells. Researchers say microplastics may inhibit our lungs from repairing Covid-19 damage.

Fanny Moizant has informed the board of SMCP that she’s stepping down as a director. The move comes as she needs to be “fully focused on her other activities, in particular the development of Vestiaire Collective”

Increasingly under-fire e-commerce retailers are making a stand. ASOS, Boohoo, The Hut Group, Ocado, AO World and Gymshark have launched The UK Digital Business Association (UKDBA).