Apparel retailer Gap reported a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home due to the COVID-19 pandemic bought more of its Old Navy and Athleta clothing online.
More retail property in Hong Kong will be left vacant in the second half of the year as large global fashion and luxury brands consolidate their stores or leave the city, property consultancy CBRE said on Wednesday.
Levi's announced its commitments to providing further financial support to its garment workers, after the company appeared on a list of brands that had not yet fully paid suppliers for already made product.
The department store retailer has reportedly informed the landlords of its full-price namesake locations and its off-price Nordstrom Rack stores that it will only pay half of its occupancy costs for the rest of the year.
Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.
Springfields Outlet and Leisure in Lincolnshire has said that while footfall and overall spend remain lower year-on-year, average transactional spend is up in double-digits and many reopened stores are booming.
Set to launch in Gap stores and on gap.com in 2021, the Yeezy Gap line will offer a range of "modern, elevated basics for men, women and kids" designed by West and the Yeezy design studio, the partners said.