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Fashion sales rose in December but 2020 a disaster, NWEC urges more support

Fashion sales rose in December but 2020 a disaster, NWEC urges more support

December’s official retail sales on Friday drew a line under what was a disastrous year for retailing and especially for fashion, although the month itself was relatively buoyant in the circumstances.
Fashion
John Lewis raises profit guidance, repays government Covid loan early

John Lewis raises profit guidance, repays government Covid loan early

​John Lewis Partnership said Friday that trading during the peak shopping season, which included Black Friday and the Christmas period, “held up better than anticipated”. 
Fashion
Next walks away from Topshop bid, could Shein now win the prize?

Next walks away from Topshop bid, could Shein now win the prize?

The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
Fashion
UK cross-border e-tail sales strong in 2020 says Global-e

UK cross-border e-tail sales strong in 2020 says Global-e

​The UK’s outbound cross-border e-commerce rose as much as 57% last year and the peak festive trading month, November, saw an increase of 42% year-on-year as well.
Fashion
H&M's Arket launches kidswear rental in value and eco drive

H&M's Arket launches kidswear rental in value and eco drive

​H&M Group’s Arket brand has announced the start of rental for kidswear “to encourage reuse and re-wear” as sustainability increasingly becomes a key priority for millennial parents.
Fashion
Superdry boss dismisses 'going concern' fears

Superdry boss dismisses 'going concern' fears

​Superdry’s CEO has dismissed fears over its future following the inclusion of a “going concern” warning in its latest set of results this week.
Fashion
Adidas signs up tennis player Félix Auger-Aliassime

Adidas signs up tennis player Félix Auger-Aliassime

​Adidas has announced its latest star sports signing, launching a “long-term partnership” with the youngest player ranked in the tennis top 25, Canada’s Félix Auger-Aliassime. 
Fashion
White Stuff reviews property portfolio as lockdown continues

White Stuff reviews property portfolio as lockdown continues

​White Stuff has become the latest UK retailer to launch a review of its store portfolio with PHD Property looking at its 115 UK shops, which are currently shut due to the latest lockdown.
Fashion
François-Henri Pinault's Groupe Artemis makes strategic investment in Goat Group

François-Henri Pinault's Groupe Artemis makes strategic investment in Goat Group

Goat said it will use the new investment to support its continued expansion in fashion apparel and new categories.
Fashion
Birkenstock attracts attention from CVC Capital Partners

Birkenstock attracts attention from CVC Capital Partners

The iconic German footwear manufacturer has reportedly received interest from investment fund CVC, which is currently in negotiations to acquire the family-run company valued at around 4 billion euros.
Fashion
Paris menswear season opens with a Berluti teaser

Paris menswear season opens with a Berluti teaser

It says a great deal about the current Covid confusion in fashion weeks when the Paris menswear season for fall 2021, the biggest annual series of menswear collections in the world, began on Tuesday with a teaser.
Fashion
Arcadia to shut 31 stores, Outfit chain is axed

Arcadia to shut 31 stores, Outfit chain is axed

More bad news for Arcadia staff came on Tuesday as it emerged that the company’s administrators are closing the 21-store Outfit chain along with 10 other shops.
Fashion
Tmall Global adds extra support for new sellers targeting China

Tmall Global adds extra support for new sellers targeting China

​Alibaba Group’s cross-border business-to-consumer marketplace Tmall Global has increased its support for international brands, unveiling a new suite of solutions at the 2021 Tmall Global New Seller Virtual Summit.
Fashion
Wolf & Badger powered ahead in 2020, as international sales surged

Wolf & Badger powered ahead in 2020, as international sales surged

​Multichannel retailer Wolf & badger saw a strong rise in global sales last year, despite the closure of its King’s Cross flagship in London and its New York City location during lockdowns.
Fashion
Lockdowns hit Superdry sales again, losses widen, but e-tail is strong

Lockdowns hit Superdry sales again, losses widen, but e-tail is strong

Superdry continued to see falling sales in the first half and lockdowns mean the second half has started the same way, But e-commerce is rising and it remains focused on its long-term full-price strategy.
Fashion
Adolfo Domínguez posts 47% drop in sales, net loss of 15 million euros

Adolfo Domínguez posts 47% drop in sales, net loss of 15 million euros

The Galician company posted sales of 40.5 million euros in the nine-month period ended November 2020, representing a 47.1% decline compared to the same period in the previous year. 
Fashion