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UK fashion exports to face continued tariffs in US

UK fashion exports to face continued tariffs in US

Seventeen UK fashion and textile product lines will continue to be hit with an additional 25 per cent tariff in the US.
Fashion
Physical and digital runway shows on the schedule for Milan Fashion Week

Physical and digital runway shows on the schedule for Milan Fashion Week

The Camera Nazionale della Moda Italiana has unveiled the provisional calendar for Milan Fashion Week, which will be held from September 23-28.
Fashion
New Look announces CVA, mulls sale despite new finance deal

New Look announces CVA, mulls sale despite new finance deal

Struggling UK fashion retailer New Look has proposed a second major restructuring of its store estate in three years, asking for turnover-based rent deals as part of a package of measures to ensure its survival.
Fashion
UK online sales rise continued in July, even fashion edged up

UK online sales rise continued in July, even fashion edged up

UK stores may have reopened but online sales continued to rise strongly in July and clothing even managed a slight uplift. That’s according to the latest IMRG Capgemini Online Retail Index (ORI).
Fashion
Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection

Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection

​American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.
Fashion
Marimekko to restructure as crisis hits it hard

Marimekko to restructure as crisis hits it hard

As Marimekko announced a 20% fall in sales, it also said it’s planning to restructure its ops. It blamed the pandemic, saying the “global fashion and specialty retail sector is facing the worst crisis in decades”.
Fashion
New fulfilment centre boosts Very Group in lockdown, but fashion sales drop

New fulfilment centre boosts Very Group in lockdown, but fashion sales drop

Online fashion and general merchandise shopping giant Very Group said Thursday that it has seen strong revenue growth and expects to return to profit for FY20.
Fashion
Select plans further CVA as lockdown stalls its turnaround

Select plans further CVA as lockdown stalls its turnaround

Struggling fashion chain Select is to launch yet another CVA as it seeks a third round of rent reductions on the back of the pandemic crisis. 
Fashion
Skechers opens on Rue de Rivoli in Paris

Skechers opens on Rue de Rivoli in Paris

​With news of so many store closures, it’s encouraging to hear of a major opening with US shoe and lifestyle brand Skechers having opened a flagship store on a key Paris shopping street, Rue de Rivoli.
Fashion
Authentic Brands and Sparc set to clinch Brooks Brothers

Authentic Brands and Sparc set to clinch Brooks Brothers

US apparel retailer Brooks Brothers said late Tuesday that it is to be acquired by Authentic Brands Group and Sparc Group after they increased their $305 million offer to $325 million.
Fashion
Asos upgrades outlook as sales soar, returns stay low

Asos upgrades outlook as sales soar, returns stay low

​Wednesday brought a rare piece of good news from UK fashion retail as Asos said it has “continued to deliver a strong operational performance and year-on-year improvements in profitability” in this financial year.
Fashion
Adidas has seen no impact on sales from race row - CEO

Adidas has seen no impact on sales from race row - CEO

Adidas has seen no impact on its sales from employee complaints over racism at the German sportswear company that led to the departure of its human resources boss, Chief Executive Kasper Rorsted said on Tuesday.
Fashion
New Look, Jigsaw, River Island all mull CVAs

New Look, Jigsaw, River Island all mull CVAs

New Look is believed to be planning a second CVA with Deloitte expected to come on board as adviser this week. As part of the CVA, the company will be seeking new rent-linked lease contracts for 450+ stores.
Fashion
Zalando reports big jump in brands using its services

Zalando reports big jump in brands using its services

​German online fashion retailer Zalando on Tuesday reported a more than doubling of sales on its site from brands seeking to expand their e-commerce presence, helping total second-quarter revenue jump 27%.
Fashion
Reitmans Q1 sales fall, RW&Co President exits

Reitmans Q1 sales fall, RW&Co President exits

Reitmans, the Canadian women's specialty apparel retailer, has posted a sales decline to C$104.7 million in its first quarter for fiscal 2021 that ended on May 2.
Fashion
Superdry Q1 beats expectations despite sales drop, gets new financing facility

Superdry Q1 beats expectations despite sales drop, gets new financing facility

​Struggling fashion retailer Superdry had good news on Monday as it announced a new financing facility and that its trading in recent months has been better than it was expecting, even though it remains down.
Fashion