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UK stores to reopen on June 15, but have consumers turned against fast fashion?

UK stores to reopen on June 15, but have consumers turned against fast fashion?

UK ‘non-essential’ stores have a specific date for when they’ll be able to reopen, June 15, if they have safety measures in place. The question is, whether consumers will return or are they now anti-fashion?
Fashion
South Africa's Truworths warns on profit, UK footwear options open

South Africa's Truworths warns on profit, UK footwear options open

South African retailer Truworths said on Monday that its full-year profit was likely to fall by at least 30% and it was unlikely to pay a dividend, while all options were open for its British footwear business.
Fashion
Alessandro Michele calls for reformulation of fashion season; and says Gucci will stage digital show in Milan in July, but not in September

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
Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault buys one-quarter stake in fellow French patron Arnaud Lagardère’s holding company

Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
Fashion
Vegan sneakers in apple leather and recycled materials by Caval

Vegan sneakers in apple leather and recycled materials by Caval

Well known for its mismatched sneakers, the Caval brand has announced the June launch of a new unisex collection made of apple leather, a recycled substitute for traditional leather that is also vegan.
Fashion
Lockdown students ride to fashion's rescue with spending boost - Kantar

Lockdown students ride to fashion's rescue with spending boost - Kantar

Fashion may have struggled to gain traction with cautious consumers during the UK lockdown but one key group has been buying enthusiastically — students.
Fashion
Frasers Group eyes June reopening and reviews furlough wages

Frasers Group eyes June reopening and reviews furlough wages

In a letter sent to staff, CEO Mike Ashley said that stores could start to reopen from 1 June and revealed that most employees will continue to receive 100% of their pay during May.
Fashion
Fast Retailing to shutter GU brand in South Korea

Fast Retailing to shutter GU brand in South Korea

Fast Retailing said on Friday that it’s pulling its GU chain out of the South Korean market later this summer. It will close all three of its GU stores in the country, less than two years after it opened there.
Fashion
Target to close up to 75 stores in Australia, convert more to Kmart

Target to close up to 75 stores in Australia, convert more to Kmart

Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. Over 1,000 jobs will be affected, owner Wesfarmers said.
Fashion
Moss Bros reluctant suitor appeals Takeover Panel ruling

Moss Bros reluctant suitor appeals Takeover Panel ruling

The Moss Bros takeover saga is continuing with its now-unwilling suitor saying it will appeal against a ruling telling it the deal must go ahead.
Fashion
Deckers sees sales and profits slip in Q4

Deckers sees sales and profits slip in Q4

The Goleta, California-based footwear, accessories and apparel company announced declines in its fourth-quarter sales and earnings on Thursday, a disappointing conclusion to an otherwise strong year.
Fashion
Rent the Runway seeking $25 million in funding round

Rent the Runway seeking $25 million in funding round

The digital-first fashion rental service is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.
Fashion
Lululemon, TJX, The Outlets at Tejon begin store reopening

Lululemon, TJX, The Outlets at Tejon begin store reopening

Brands such as Lululemon are gradually starting to welcome guests back to select locations, as well as major retailers and malls, including TJX and The Outlets at Tejon, in California. 
Fashion
Clarks to cut 900 office jobs, 160 redundancies this week

Clarks to cut 900 office jobs, 160 redundancies this week

Struggling footwear giant Clarks is to cut around 900 office jobs as the 195-year-old retailer tries to revitalise a business that has been struggling for some time.
Fashion
M&S gets serious about e-tail with new initiatives to boost fashion e-sales

M&S gets serious about e-tail with new initiatives to boost fashion e-sales

M&S has named a new e-tail head as it works on a £1bn recovery plan that involves ramping up its e-tail operations, selling clothing via Ocado and adding third-party brands to its webstore and physical shops.
Fashion
IKKS names Ludovic Manzon as CEO

IKKS names Ludovic Manzon as CEO

French brand IKKS has found a successor for former CEO Pierre-André Cauche. Ludovic Manzon steps into the role after having been CEO of lingerie brand Sloggi since 2016.
Fashion