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.
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.
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.
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
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.