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.
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.
As the Texas-based department store retailer continues on its path out of bankruptcy, it has received court approval for a restructuring plan involving the creation of separate property holding companies.
The company's losses widened to 10.4 million euros, with online sales growing 25.5% to represent 21.8% of total revenues, which were 26 million euros. The Galician brand has also announced a new international director.
Following their store debut on Carnaby Street, the Rolling Stones have unveiled a global e-commerce shop equipped with a 360° virtual experience “so customers can shop inside the store from anywhere in the world”.