European e-tailer Zalando has taken a major step forward in driving a more sustainability-focused retail sector post-pandemic, making sustainability assessment mandatory for its private labels and partner brands.
Debenhams is cutting more than 1,000 HQ and store jobs as 17 branches are set to close, with the firm hoping to emerge from administration as a more flexible entity that can meet the challenges of the new retail world.
The footwear group announced a net loss of $17.5 million, or $0.22 per diluted share, for the first quarter on Thursday, as the company’s sales suffered from the negative effects of Covid-19-related store closures.
Fashion retailer Monsoon Accessorize is reportedly close to an administration filing due to the UK retail lockdown. As many as 3,500 jobs could be at risk if it goes under, but it's likely to survive in some form.
With fitting rooms having to remain closed when stores reopen and widespread ‘quarantining’ of garments that have been handled by shoppers being planned, doubt is being cast on the effectiveness of such measures.
Boohoo has just splashed out £269.8 million to buy the 34% of PrettyLittleThing it didn't already own with the firm now in full control of a brand that's nearly 10 times larger than when it first bought a stake in 2017.
Digital wholesale platform JOOR said on Wednesday that it will power key fashion industry events London Fashion Week next month and Premium Berlin in July, as well as a number of autumn fashion events.
More Britons plan to buy fashion online this year, not only due to virus fears, but because they've discovered how easy it is. So e-shopping could have reached a key tipping point faster than without the coronavirus.
Ssupermarkets have come out as the retail winners from the coronavirus crisis. They’re now looking to the post-lockdown period and Morrisons will use the opportunity to boost sales of its Nutmeg fashion and home label.
Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.
Fashion shops can open next month, but a senior minister has suggested that changing rooms could be off limits. And footwear chain Kurt Geiger has already said it will quarantine shoes that have been tried on.