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E-tail surge not enough in May as lockdown means fashion sales plunge

E-tail surge not enough in May as lockdown means fashion sales plunge

Online sales helped to salvage some good news out of the gloom during May with BDO’s Retail Sales Tracker for the month showing a 129.5% e-sales uplift year-on-year.
Fashion
J.C. Penney begins permanent store closures at 154 locations

J.C. Penney begins permanent store closures at 154 locations

J.C. Penney revealed on Thursday the company is permanently closing 154 stores and will pursue store liquidations, as part of its Chapter 11 bankruptcy restructuring plan. 
Fashion
Wolverine Worldwide predicts better-than-expected Q2 on strong e-commerce gains

Wolverine Worldwide predicts better-than-expected Q2 on strong e-commerce gains

The outdoor lifestyle group has announced skyrocketing e-commerce sales in the first nine weeks of Q2, giving the company hope of achieving better-than-expected results in a quarter negatively impacted by Covid-19.
Fashion
G-III posts 36% drop in sales, announces shuttering of almost 200 stores

G-III posts 36% drop in sales, announces shuttering of almost 200 stores

The NYC-based owner of DKNY and Donna Karan has reported a 36.1% decline in its Q1 sales as a result of the Covid-19 pandemic, and also announced the permanent closure of its Wilsons Leather and G.H. Bass Stores.
Fashion
Debenhams reopenings start next week, plans 'big bang' approach on June 15

Debenhams reopenings start next week, plans 'big bang' approach on June 15

Having struck rent deals for most of its stores, Debenhams is planning for its reopening programme to begin next week as three Northern Ireland shops open on Tuesday. 
Fashion
LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Fashion
New Look in landlord talks about turnover-linked rents

New Look in landlord talks about turnover-linked rents

Less than two years on from its CVA, New Look is in talks with its landlords again and has appointed property agents to help it negotiate rent deals based on turnover as it prepares to reopen its store estate this month.
Fashion
Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Fashion
Dune signs up to Klarna instalment pay system

Dune signs up to Klarna instalment pay system

Dune London has partnered with Klarna to launch a Pay Later option in five European markets, including Germany, the Netherlands and the UK.
Fashion
Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Fashion
Rugby-inspired Eden Park launches dedicated online store for US market

Rugby-inspired Eden Park launches dedicated online store for US market

Eden Park, the high-end French label inspired by rugby, has launched an online store dedicated to the United States. The e-tail store marks a first step by Eden Park into the sportswear market in the US.
Fashion
French Connection and Arcadia brands top markdown list

French Connection and Arcadia brands top markdown list

As fashion retail gets ready for a deluge of discounts once stores reopen, many retailers are already cutting prices with French Connection and a quartet of Arcadia labels leading the charge.
Fashion
Coronavirus clearance sales drive UK retail prices down sharply

Coronavirus clearance sales drive UK retail prices down sharply

UK retail prices, especially fashion, fell at their fastest pace in 14 years last month as a result of the coronavirus crisis and more of the same is expected as reopenings mean mega clearance sales.
Fashion
Reitmans to close Addition Elle and Thyme Maternity stores, cut 1,400 jobs

Reitmans to close Addition Elle and Thyme Maternity stores, cut 1,400 jobs

Reitmans is exiting two of its five fashion banners, as it attempts to reposition the company “for long-term success”, the fashion retailer announced on Monday.
Fashion
Jigsaw withdraws from Australia

Jigsaw withdraws from Australia

Jigsaw has closed its stores and e-tail site in Australia to focus on its operations in the UK. The British clothing brand said the decision to exit Australia was due to the coronavirus crisis.
Fashion
Hammerson, M&S prepare for new normal as they share reopening plans

Hammerson, M&S prepare for new normal as they share reopening plans

Hammerson and Marks & Spencer have released further details of their reopening plans as retailers across the UK prepare to transition to a “new normal”.
Fashion