Empty stores are an eyesore for any UK high street. So the retail industry is embracing the efforts of the Lone Design Club which is connecting hard-pressed independent designers and brands to landlords' vacant lots.
Wolford released its delayed results for its shorter fiscal year late on Wednesday and while it swung to a profit, the upscale hosiery and bodywear firm also talked of “significant business losses” due to the pandemic.
As Tranoï and the French Fashion Federation join forces, and Who’s Next and Mode & Objet confirm their dates, French trade shows are preparing their return, after cancelling several editions due to the pandemic.
Registrations have opened for ITS 2021, a competition dedicated to young design, based in Trieste. Scheduled for October, the contest will feature a new digital prize this year. Registrations close on June 24.
Amazon on Thursday won its fight against an EU order to pay about €250M in back taxes to Luxembourg as Europe's second highest court dealt a blow to the bloc's crackdown against unfair tax deals for multinationals.
Central London footfall may still be well down on pre-Covid levels, but an uptick is expected this summer with a new study suggesting consumers are keen to get back to the UK’s premier shopping district.
UK consumers may have rushed back to physical stores last month, but the reopening of non-essential shops in Britain didn't appear to send online spending's trajectory into reverse, despite speculation that it would.
So far, 350 open, 50 more planned. Discount chain Poundland is on the way to reaching its target of operating 400 Pep&Co fashionwear shop-in-shops across the UK and Ireland (where it trades as Dealz) by September.
Vinted is minted and is about to embark on a major growth initiative. The business, which claims to be the largest online C2C marketplace in secondhand fashion across Europe, has secured €250 million in new funding.
Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.
The company revealed that its board has unanimously approved its planned spin-off of the Victoria’s Secret brand on Tuesday and provided further details about the transaction, as well as preliminary Q1 financial results.
The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.