SMCP’s first-half results on Friday showed just how big a hit it took as the pandemic raged globally causing fashion to be the furthest thing from most consumers’ minds.
As the jewelry retailer continues its accelerated transition to a more digitally focused model, Signet Jewelers made solid progress in e-commerce in Q2, but still posted a 34.9% drop in total sales.
Zara-owner Inditex's little-known budget brand Lefties started online sales in Spain and Portugal on Thursday, giving the label a digital advantage over discount fashion chain Primark in its second-biggest market.
Luxury brand Escada is insolvent. This is the second time the German womenswear label has collapsed into insolvency, with lawyer Christian Gerloff returning as provisional administrator.
As footfall to physical stores remains muted, retailers need to maximise all the possible opportunities to reach consumers in the places they feel safe and Dune’s latest move is certainly doing that.
The Hut Group has published details of its highly anticipated stock market float with confirmation that it will go ahead with the IPO and that it plans to list on the London Stock Exchange’s main market this month.
Despite the challenges posed by Covid-19, the Fort Wayne, Indiana-based accessories company achieved net income of $7.2 million in the second quarter, progress driven by mask sales, e-commerce and the Pura Vida brand.
PVH Corp reported a surprise quarterly profit on Wednesday, as the apparel retailer benefited from strong demand for comfortable and casual clothing during the coronavirus-led shift to work from home.
The Los Angeles-based fashion retailer announced a 41.7% drop in its second-quarter net revenue on Wednesday, as the Covid-19 pandemic continued to have a significant negative impact on its operations.
Macy’s Inc will drastically change how it does business this holiday season, executives said on Wednesday, placing a sharper focus on online sales and promoting more beauty and home items.
Shareholders of under-pressure UK property firm Hammerson have voted in favour if its rescue plan that includes a right issue valued at £525 million and the £274 million sale of its stake in the VIA Outlets business
The fate of department store chain Debenhams and the 14,000 jobs at the company hang in the balance as a deadline for bids came and went on Tuesday with no resolution.
Belstaff had plenty of news to share this week with the company having announced a new brand “ambassador and creative collaborator” via the signing of actor James Norton, as well as the opening of its New York store.
The problems afflicting the UK high street have been illustrated by news from the Local Data Company (LDC) that showed a quarter of former BHS stores remain vacant, even though the retailer collapsed in 2016.
A partnership with Brands Lab International will target “stylish properties” such as furnished apartments, boutique hotel lounges, scooter-cafes, gastropubs and student lounges.
