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Business
Revolve earnings soar in fourth quarter
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.
Fashion
Business
L Brands tops earnings expectations; revenues fall short on Victoria’s Secret weakness
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.
Fashion
Business
Estée Lauder's Becca brand to shut down
The cosmetics brand cited "an accumulation of challenges, together with the global impact of Covid-19" upon announcing its decision to close at the end of September 2021.
Beauty
Business
T.J. Maxx parent misses estimates as lockdowns cut sales by $1 billion
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.
Fashion
Business
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
Première Vision show announces online conference programme
Paris’s Première Vision show will not be staged physically, but on February 15-19 it will hold a digital event featuring a revamped e-marketplace and several online debates with industry professionals and specialists.
Fashion
Trade shows
Pure and Moda owner Hyve ticks over in Q1, helped by digital events and insurance payouts
Pure London organiser Hyve Group has described near-term operating conditions for physical events as “fluid”, with Covid-19-related disruption continuing to hit its domestic and European schedule.
Fashion
Trade shows
