Struggling UK retailers will be able to breathe slightly easier with news the government has extended a ban on landlords evicting commercial tenants or recovering rent debts for at least three months.
UK supermarket chain Morrisons reported its full-year results on Thursday and said profits fell by half as Covid-linked costs dented the bottom line.
Hugo Boss on Thursday reported an operating profit for Q4 and said it expects a “gradual business recovery” this year. But the company said the negative implications of the pandemic had a “significant impact” last year.
Ted Baker a secured new territory licence deals for the Middle East/North Africa (MENA) and Indonesia to drive the global lifestyle brand's “digital and asset-light growth”.
The headline news may have been about John Lewis's pre-tax loss of £517m in the year to January. But more newsworthy was that it said “we do not expect to reopen all our John Lewis shops at the end of lockdown”.
The apparel manufacturer reported net sales of $459.7 million for the fourth quarter ended December 31, 2020, on Wednesday, a year-over-year decrease of 9% that also led the company’s bottom line to slip.
The Columbus, Ohio-based fashion retailer announced $1.21 billion in annual sales for 2020 on Wednesday, representing a 40% decline from $2.02 billion in the previous year.
Prada’s sales and profits rebounded at the end of last year from a first-half slump due to the coronavirus pandemic, boosted by a strong performance in China and elsewhere in Asia, a positive trend that has continued.
Ruffini Partecipazioni, the investment vehicle of Moncler CEO Remo Ruffini, said on Wednesday it had completed the accelerated bookbuilding for the placement of a 3.2% stake at a price of 48.80 euros per share.
German sportswear maker Adidas predicted a strong rebound in sales in 2021, particularly in Asia and Latin America, although its operating profit will be trimmed by costs associated with divesting the Reebok brand.
In a sign of the times, The Very Group is preparing a new “permanent hybrid working model” at its Liverpool headquarters as its work-from-home staff prepare to operate in a post-pandemic environment.
There’s been an enthusiast response to In The Style’s initial public offering (IPO). In fact, demand for buying in to its listing on the Alternative Investment Market (AIM) has been "significantly oversubscribed”.
In a surprise move, one of the UK's most successful fashion retail giants, Next, said it would be buying a minority stake in one of the most respected mid-sized names, Reiss. And it could take a majority stake as well.
Retail giant Inditex hasn’t come out of the pandemic year unscathed. But the strength of its business model appears to have carried it through so far and its performance since its fiscal year ended has been encouraging
The vegan beauty label unveiled a refreshed brand identity on Tuesday, revealing new campaign imagery, appointing its first global director of tattoo artistry and partnering with a slate of global makeup artists.
