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Simon Property, Amazon look at turning mall space into fulfillment centers

Simon Property, Amazon look at turning mall space into fulfillment centers

Mall operator Simon Property Group has been in talks with Amazon.com about turning some of its department-store sites into Amazon fulfillment centers, The Wall Street Journal reported.
Fashion
Reitmans Q1 sales fall, RW&Co President exits

Reitmans Q1 sales fall, RW&Co President exits

Reitmans, the Canadian women's specialty apparel retailer, has posted a sales decline to C$104.7 million in its first quarter for fiscal 2021 that ended on May 2.
Fashion
Superdry Q1 beats expectations despite sales drop, gets new financing facility

Superdry Q1 beats expectations despite sales drop, gets new financing facility

​Struggling fashion retailer Superdry had good news on Monday as it announced a new financing facility and that its trading in recent months has been better than it was expecting, even though it remains down.
Fashion
E-commerce sales jump above 40% for Geox in H1

E-commerce sales jump above 40% for Geox in H1

The Italian brand reported a 39 per cent sales decline to €243.6 million in its first half that ended on June 30, compared to sales of €399.4 million in the same period last year, but e-tail surged.
Fashion
Deckers Brands sales rise in Q1, loss shrinks

Deckers Brands sales rise in Q1, loss shrinks

Deckers Brands, the US-based owner of Ugg and other labels, reported 2.3 per cent sales growth to $282.2 million in its first quarter ended on June 30, compared to sales of $276.8 million in the same period last year.
Fashion
Pure London organiser Hyve launches three virtual forums

Pure London organiser Hyve launches three virtual forums

​Tradeshows giant Hyve is launching three virtual forums next month, Fashion Together (comprising Pure, Pure Origin, Moda and Scoop), Autumn Fair @ Home and Glee Gathering.
Fashion
Fashion struggled in July says latest BDO sales tracker

Fashion struggled in July says latest BDO sales tracker

July was a disappointing month for UK physical shops and fashion really struggled with online sales unable to make up for spending that wasn't happening on the high street.
Fashion
Fashion giant H&M suspends employees over use of racial slur

Fashion giant H&M suspends employees over use of racial slur

Fashion giant H&M said on Thursday it has suspended a number of employees over the use of a racial slur relating to the name of a hat to be sold at stores of its & Other Stories brand.
Fashion
UK shops see more visits in July but numbers still low - BRC survey

UK shops see more visits in July but numbers still low - BRC survey

More British shoppers returned to the high street in July, helped by the reopening of pubs and restaurants, but numbers were still much lower than normal for the time of year, an industry survey showed on Friday.
Fashion
Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing

Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing

U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China's ByteDance, owner of video-sharing app TikTok, and Tencent, operator of messenger app WeChat.
Fashion
Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis say sources

Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis say sources

Fashion conglomerate Shandong Ruyi has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to publicly float the business, two people with direct knowledge told Reuters.
Fashion
Momad postpones next show to February 2021

Momad postpones next show to February 2021

Madrid-based fashion tradeshow Momad has postponed its next edition to February 2021, with Ifema and the organising committee aiming to hold the event in a “strengthened economic environment”.
Fashion
Unifi sales fall, makes a loss, but recovery is under way

Unifi sales fall, makes a loss, but recovery is under way

Unifi, a leading innovator in recycled and synthetic yarns, posted a sales decline to $606.5m in fiscal 2020, which ended on June 28, compared to $708.8m last year. It saw a net loss of $57.2m.
Fashion
Adidas predicts profit rebound after pandemic struggles

Adidas predicts profit rebound after pandemic struggles

​German sports giant Adidas said on Thursday it expects to bounce back to profitability in the third quarter after it plunged to a big loss in the second quarter when most of its stores were closed due to lockdowns.
Fashion
Hammerson to raise £825m, reboot lease terms with retailers, sell VIA stake

Hammerson to raise £825m, reboot lease terms with retailers, sell VIA stake

UK shopping centre operator Hammerson announced moves to raise a combined £825m on Thursday and said it would reboot the terms of its leases with retailers as it faced a slump in rent collections and footfall.
Fashion
Loss-making Joules stays upbeat as e-tail outperforms

Loss-making Joules stays upbeat as e-tail outperforms

​Lifestyle fashion brand Joules reported its preliminary annual results on Thursday and despite the numbers including its toughest trading period ever that resulted in a pre-tax loss, seemed upbeat.
Fashion