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Business

Shopify announces optimistic Q1, suspends 2020 outlook

Shopify announces optimistic Q1, suspends 2020 outlook

Ottawa-based e-commerce company Shopify Inc. said on Wednesday that it is suspending its previous financial expectations provided for full-year 2020, as the Covid-19 crisis continues.
Fashion
Business
Calvin Klein owner PVH sees full-year sales uptick, Q4 earnings plummet on Covid-19 impact

Calvin Klein owner PVH sees full-year sales uptick, Q4 earnings plummet on Covid-19 impact

PVH Corp. on Wednesday recorded both a fourth-quarter and full-year sales uptick in 2019, on the back of strong sales growth at Tommy Hilfiger, as the company tries to weather the financial impact of Covid-19.
Fashion
Business

E.L.F. reaffirms fiscal year 2020 guidance, resumes China operations

The Californian company has reaffirmed its 2020 guidance, despite seeing a "significant decline" in recent retail sales due to the Covid-19 pandemic, and has announced that its China operations are back to normal.
Beauty
Business

Alibaba-rival Pinduoduo raises $1.1 billion in share placement

Chinese e-commerce firm Pinduoduo Inc said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility.
Fashion
Business

Trade shows

Paris June trade shows cancelled due to Covid-19

Paris June trade shows cancelled due to Covid-19

The organisers of the fashion trade shows usually held in Paris in June have published a joint release announcing their cancellation due to the "unprecedented context of the global health crisis."
Fashion
Trade shows
Outdoor by ISPO, Performance Days trade shows cancelled

Outdoor by ISPO, Performance Days trade shows cancelled

Sport and outdoor apparel shows Performance Days and Outdoor by ISPO will not be held in Munich in April and June due to the Covid-19 pandemic, though the former event is staging a virtual show.
Fashion
Trade shows

Milan Furniture Fair postponed to April 2021

Milan’s internationally renowned home decoration and design trade fair has suspended its 2020 edition due to the Covid-19 emergency, rescheduling it to April 13-18 2021, when it will celebrate its 60th anniversary.
Lifestyle
Trade shows

Moda delayed, will run with Autumn Fair in September

The organiser of UK trade show Moda said on Tuesday that it has pushed the date of the SS21 event back to September from August. It will take place from September 6-8 at The NEC in Birmingham. 
Fashion
Trade shows