The Italian group controlling Moschino reported a net loss of 20.4 million euros and a sales decrease of 14.9% to 138.6 million euros as of June 30, 2024, with double-digit declines across all regions.

Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8%.

Ted Baker is back in the news for good reasons as August kicks off with owner Authentic saying that it has “established three foundational licensing partners, securing the future of the brand in the US and Canada”.

Operating profit at Salvatore Ferragamo declined 41% in the first half of the year, as revenues slowed down in all the main regions, the luxury group said on Thursday.

​Hugo Boss disappointed Thursday with the fashion giant reporting Q2 operating profit below market expectations. That followed it cutting its full-year forecasts last month due to consumer demand remaining sluggish.