Giant fashion group Arcadia is believed to be on the verge of the worst UK corporate collapse of the Covid crisis, with the firm expected to go into administration as early as Monday. This would put 13,000 jobs at risk.
US online sales surged on the traditional "Black Friday" to set the country's second-highest one-day mark ever as virus-wary Americans shunned in-person shopping, the Adobe software company reported Saturday.
As it seeks to exit bankruptcy, the Mahwah, New Jersey-based fashion retail group has announced plans to sell its Ann Taylor, Loft, Lane Bryant and Lou & Grey brands to an affiliate of Sycamore Partners.
Timo Schmidt-Eisenhart, who has served at VF Corp brand's including The North Face, Timberland and Napapijri, will take over as leader of Switzerland's Calida Group in early 2021, succeeding Reiner Pichler.
Pretty Little Thing, which offered Black Friday bargain-hunters discounts of up to 99%, faced criticism on social media over how it could keep its promises to pay factory workers fairly when charging such low prices.
Over 30 retail brands from across the London’s King’s Cross and Coal Drops Yard retail destination have launched a combined ‘United We Shop’ campaign, supporting the area’s extensively redeveloped shopping streets.
With Mothercare’s radical transformation into an international franchise operation now complete, the retailer is hoping the toughest of years (and some ugly trading figures) are now firmly in the past.
Crisis-hit Moss Bros has launched a CVA proposal as it works towards restructuring its fixed cost base on the back of the Covid crisis and a second wave of lockdowns that have “severely impacted” its trading.
Remarkably, on the day the second lockdown in Paris ends, November 28, and clothing stores can open, Canada’s Nobis will debut a brand new store there. Its founder Robin Yates explains how it has defied the downturn.