A number of premium and upscale retailers have reported strong trading on the first day of their stores reopening after the English lockdown eased on Monday with those who turned up to shop being very willing to spend.
Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
One of British fashion retail’s biggest success stories, Reiss, is opting for a phased approach to reopening from this month and said that it has seen successful reopenings at a number of stores in Europe.
The Toronto-based company unveiled on Wednesday in conjunction with Earth Day, a sustainable impact strategy, including a target of becoming carbon-neutral by 2025, as well as a shift towards the use of reclaimed fur.
Fashion and luxury brands worldwide have launched a wide ranging array of sustainable initiatives, timed to coincide with the 50th anniversary of the day dedicated to environmental reform on Wednesday, April 22.
As Covid-19 continues to spread, Monday saw a number of North American retailers moving to protect consumers and employees by implementing store closures, including Nordstrom, Guess, Canada Goose, VF, PVH and Ulta.