There was good news and bad in Boohoo’s final results for the year to February, but much of the bad news had been flagged in advance and the firm said the pain it's feeling now should be balanced by future growth.
The luxury house, owned by the Kering group, is continuing its strategy of independent shows outside of any official calendar. After London in October, it will hold its next physical show in New York on March 15.
The pandemic and Brexit may have dampened enthusiasm for cross-border shopping among some consumers, however the channel remains buoyant as news from global cross-border e-tail specialist ESW showed on Monday.
We may be seeing something of a mini store opening boom at the moment, but huge numbers of stores belonging to failed businesses remain empty and that can be seen clearly from the large number of vacant Arcadia sites.