UK retail seems to be recovering in a very uneven way with some destination types recovering faster than others and local high streets faring better than city centres. Outlet malls in particular seem to be doing well.
Temperley has been through some tough times in recent years and experienced a "significant downturn" in trading due to the impact of Covid-19 this year. But a new positioning and strategy is key to its fightback.
Vivienne Westwood reported 2019 results this week and while the figures pre-date the current crisis, it seems confident that it has the strength to continue, despite saying that Covid-19 had a “profound impact”.
Fresh from its takeover of Victoria’s Secret’s UK operations, Next is deepening its intimates involvement with the news that Ted Baker has entered into a product licence agreement with Next for lingerie and nightwear.
Goat announced on Wednesday the closing of a Series E funding round of $100 million from D1 Capital Partners, which looks to accelerate the company's growth across its product categories and geographies.
Beauty manufacturer and brand owner Warpaint London said on Wednesday that the first six months of the year saw its sales falling 29% to £13.5 million as a result of Covid-19 restrictions in the UK and internationally.
Following a rough Q3 caused by coronavirus-related disruptions, the online styling service announced an uptick in revenues in the fourth quarter but failed to impress Wall Street with a net loss of $44.5 million.
Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter from the surprise loss it posted in July.
The boss of Liu Jo and of the Eccellenze Italiane fashion group has spoken to FashionNetwork.com about his plans to relaunch Blufin, the parent company of luxury label Blumarine, which Marchi bought in 2019.
Ralph Lauren Corp said on Tuesday it would cut 15% of its global workforce by the end of this fiscal year as the luxury retailer strives to lower costs and ride out the impact of COVID-19 on sales and shopping habits.