Madrid-based fashion tradeshow Momad has postponed its next edition to February 2021, with Ifema and the organising committee aiming to hold the event in a “strengthened economic environment”.

Unifi, a leading innovator in recycled and synthetic yarns, posted a sales decline to $606.5m in fiscal 2020, which ended on June 28, compared to $708.8m last year. It saw a net loss of $57.2m.

​German sports giant Adidas said on Thursday it expects to bounce back to profitability in the third quarter after it plunged to a big loss in the second quarter when most of its stores were closed due to lockdowns.

​Lifestyle fashion brand Joules reported its preliminary annual results on Thursday and despite the numbers including its toughest trading period ever that resulted in a pre-tax loss, seemed upbeat.

The value of the world textile trade decreased by 2.4 per cent year-on-year to $305 billion, while apparel trade dropped 0.4 per cent.

Retail sales volumes in the eurozone rebounded in June to levels seen in February before lockdowns, official estimates showed on Wednesday, completing a recovery that began in May after record drops in March and April.

Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by a recovery in demand for its Versace and Jimmy Choo brands in China and a surge in online shopping.

Fashion giant Inditex has pledged to maintain workers' rights throughout its supply chains and the stability of payments to suppliers, as the garment industry wrestled with a plunge in orders during the COVID-19 crisis.

​US-based fashion retailer Express Inc said on Tuesday that it has seen a “second consecutive month of positive e-commerce demand coupled with the apparent stabilisation in store sales and traffic”.

A fresh wave of COVID-19 may worsen the situation of Vietnam’s textile and footwear industries, still reeling from the impact of the first.

Marcus Rashford, whose campaigning pushed the government to change policy on free school meals, has won further recognition for his poverty-fighting efforts - on the cover of British Vogue celebrating black leaders.

Amazon.com Inc has started preparations to launch in Sweden, marking its first step to establish a local presence in a Nordic country.

Chico’s FAS Canada, a subsidiary of US women's clothing and accessories retailer Chico’s FAS, has filed for bankruptcy in Ontario, saying it plans to permanently close all 10 of its stores in the country.

VF Corporation has appointed Winnie Ma as president, Greater China. She will report to Kevin Bailey, executive vice president & group president, APAC and Emerging Brands.

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world.