In 2022, fashion group Aeffe, owner of Alberta Ferretti and Moschino, grew in all regions except the Far East, with Italy up 17% and the rest of Europe by 59.3%, thanks especially to its direct retail performance.
Pepco’s budget chain Poundland is continuing to invest heavily in its stores this year with the creation of hundreds of new jobs and opening/relocation plans that will also see expansion for the Pep&Co clothing line.
ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Harvey Nichols has become the latest key fashion vendor to say it will go fur-free, joining other stores and brands that have made the move as campaign groups continue working to drive fur out of the fashion industry.
Returns season is upon us, and it’s going to be a particularly busy period, especially for the fashion and beauty sectors, a survey says. Gifts worth £232 million will be returned in the UK, a poll of 2,000 people shows,
The Chinese e-tailer intends to support new talents via its Shein X programme, which has already supported 3,000 designers, investing 55 million dollars. A fashion show will be organised in Paris in June.
Following an increasingly tough 2022 for UK retail, footfall this year won’t return to pre-pandemic levels and the gap from 2019 and will settle at between -5% and -10%, according to retail experts Springboard.
‘Conscious’ clothing brand Lucy & Yak is developing its sustainability credentials with the launch of ‘Re:Yak Buyback’, offering vouchers of up to £20 off future purchases when returning any pre-loved items.