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John Lewis to take reopenings slowly in mid-June, no news on London flagships
John Lewis has issued official details about its store opening plans and, like retail peer Next, it's planning to take it very cautiously. It's also considering new ideas like virtual queueing and returns drop boxes.
Fashion
Retail
British Land loss widens as retail rents trickle in and valuations fall
UK property giant British Land said on Wednesday that it has collected less than half the rent due on its retail properties and that its retail portfolio’s valuation has fallen by more than 26%.
Fashion
Retail
Boohoo hits back as short-seller drives share price lower over cash flow claims
Boohoo has defended its accounting process after its share price plummeted on Tuesday following claims by a ‘short-seller’ that the cash flow going through its books wasn't as high as it said.
Fashion
Business
Frasers exec slams government, says reopening delay could ruin some retailers
Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.
Fashion
Retail
Design
Carlo Capasa: Camera della Moda still planning on four Milan Fashion Weeks per year; does not plan to change dates
Designers are clamoring for a radical change in the fashion system; for less seasons and shows and later fashion week dates. But Carlo Capasa, president of the Camera, still expects to have four Fashion Weeks per year.
Fashion
Industry
Harlem's Fashion Row launches nonprofit in support of designers of color during Covid-19
HFR will host a virtual fundraiser in order to build funds for Icon 360, a nonprofit made to provide relief to designers of color who are pivoting their businesses in response to Covid-19 and need funding to scale.
Luxury
Design
Alessandro Michele calls for reformulation of fashion season; and says Gucci will stage digital show in Milan in July, but not in September
One day after Alessandro Michele, creative director of Gucci, revealed on Instagram that the brand would in future stage only two shows per year, the designer called for a reformulation of the fashion calendar.
Fashion
Catwalks
BFC and CFDA call for fashion 'reset' post-Covid-19
The British Fashion Council (BFC) and Council of Fashion Designers of America (CFDA) have joined forces to call for a new approach and new ways of thinking once the coronavirus crisis has passed.
Fashion
Design
Appointments
Hammerson CEO to step down next year at the latest
Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.
Fashion
Appointments
Lacoste names new North American and Latin American CEOs
Both Robert Aldrich and Pedro Zannoni will report to Jean-Louis Delamarre, executive vice president, global markets and distribution.
Fashion
Appointments
Sky chief Jeremy Darroch to exit Burberry board
Darroch, who has been a senior independent director at Burberry since 2017, said he will not stand for reelection at the company’s annual general meeting in July to focus on his other executive commitments.
Luxury
Appointments
Commonwealth Fashion Council adds new board member
The Commonwealth Fashion Council (CFC) has revealed that Roger Gingerich, president of Canadian fashion agency Gingerich Group, is joining its board of directors.
Fashion
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