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Asos upgrades outlook as sales soar, returns stay low

Asos upgrades outlook as sales soar, returns stay low

​Wednesday brought a rare piece of good news from UK fashion retail as Asos said it has “continued to deliver a strong operational performance and year-on-year improvements in profitability” in this financial year.
Fashion
Debenhams confirms 2,500 job cuts, but store trading better than hoped

Debenhams confirms 2,500 job cuts, but store trading better than hoped

​Struggling British department store chain Debenhams is to cut a further 2,500 jobs, dealing the latest blow to the country’s battered retail sector from the Covid-19 crisis.
Fashion
Zalando reports big jump in brands using its services

Zalando reports big jump in brands using its services

​German online fashion retailer Zalando on Tuesday reported a more than doubling of sales on its site from brands seeking to expand their e-commerce presence, helping total second-quarter revenue jump 27%.
Fashion
UK retail sales begin recovery but normality still elusive

UK retail sales begin recovery but normality still elusive

UK retail sales are recovering but fashion isn't a priority for many consumers as other traditional summer spend takes over. However, more consumers now feel happier about entering stores.
Fashion
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
Moschino, Ferretti parent sees lower sales, swings to net loss

Moschino, Ferretti parent sees lower sales, swings to net loss

Aeffe SpA reported 31.4 per cent sales decline to €118.9 million in its first half ended on June 30, 2020 compared to sales of €173.3 million in the same period last year.
Luxury
Richemont to ask shareholders permission for conditional share capital increase

Richemont to ask shareholders permission for conditional share capital increase

Richemont, the owner of Cartier and Chloé, gave details of its proposed shareholders' loyalty scheme on Friday, where it will give warrants to investors which later can be converted into newly created stock.
Luxury
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
Alicia Keys links with E.l.f. for new beauty brand

Alicia Keys links with E.l.f. for new beauty brand

The American singer, actor and producer is joining the ranks of celebrities who've brought out their own line of make-up or skincare. The singer has teamed with E.l.f. on the project.
Beauty
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
Henkel shampoo sales slide but cleaning products soar

Henkel shampoo sales slide but cleaning products soar

German consumer goods group Henkel reported a big drop in sales of its beauty care business on Thursday on the closure of hair salons due to the coronavirus.
Beauty
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
Eurozone retail sales back to pre-crisis levels, fashion up but e-tail slips back

Eurozone retail sales back to pre-crisis levels, fashion up but e-tail slips back

Retail sales volumes in the eurozone rebounded in June to levels seen in February before lockdowns, official estimates showed on Wednesday, completing a recovery that began in May after record drops in March and April.
Fashion
Capri beats sales estimates on e-tail surge, China strength

Capri beats sales estimates on e-tail surge, China strength

Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by a recovery in demand for its Versace and Jimmy Choo brands in China and a surge in online shopping.
Fashion
​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

Marcus Rashford, whose campaigning pushed the government to change policy on free school meals, has won further recognition for his poverty-fighting efforts - on the cover of British Vogue celebrating black leaders.
Fashion