Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.
Hugo Boss has named PVH's Oliver Timm as its new Chief Sales Officer (CSO) as of January 1 next year. He’ll have global responsibility for the firm's own retail operations as well as its wholesale and e-tail businesses.
German fashion house Hugo Boss has appointed Oliver Timm as its chief sales officer with effect from Jan. 1, 2021, just weeks after it hired former Tommy Hilfiger boss Daniel Grieder as its next chief executive.
In a year when the Hong Kong-based brand management group embarked on an ambitious restructuring program and had to face up to the disruptions caused by the Covid-19 pandemic, the company saw its revenue fall 29%.
The owner of Tommy Hilfiger and Calvin Klein announced a 43% decline in first-quarter sales on Thursday but warned that the negative impact of the coronavirus is likely to be felt more keenly in its Q2 results.
The NYC-based owner of DKNY and Donna Karan has reported a 36.1% decline in its Q1 sales as a result of the Covid-19 pandemic, and also announced the permanent closure of its Wilsons Leather and G.H. Bass Stores.
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.