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Dr Martens has good year, stays confident despite current uncertainty

Dr Martens has good year, stays confident despite current uncertainty

Permira-owned Dr Martens enjoyed an online boost in the year to March 31 that helped its sales and profits surge as its products sold well globally.
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Select plans further CVA as lockdown stalls its turnaround

Select plans further CVA as lockdown stalls its turnaround

Struggling fashion chain Select is to launch yet another CVA as it seeks a third round of rent reductions on the back of the pandemic crisis. 
Fashion
Skechers opens on Rue de Rivoli in Paris

Skechers opens on Rue de Rivoli in Paris

​With news of so many store closures, it’s encouraging to hear of a major opening with US shoe and lifestyle brand Skechers having opened a flagship store on a key Paris shopping street, Rue de Rivoli.
Fashion
Authentic Brands and Sparc set to clinch Brooks Brothers

Authentic Brands and Sparc set to clinch Brooks Brothers

US apparel retailer Brooks Brothers said late Tuesday that it is to be acquired by Authentic Brands Group and Sparc Group after they increased their $305 million offer to $325 million.
Fashion
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
Adidas has seen no impact on sales from race row - CEO

Adidas has seen no impact on sales from race row - CEO

Adidas has seen no impact on its sales from employee complaints over racism at the German sportswear company that led to the departure of its human resources boss, Chief Executive Kasper Rorsted said on Tuesday.
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
New Look, Jigsaw, River Island all mull CVAs

New Look, Jigsaw, River Island all mull CVAs

New Look is believed to be planning a second CVA with Deloitte expected to come on board as adviser this week. As part of the CVA, the company will be seeking new rent-linked lease contracts for 450+ stores.
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
EssiLux case puts $8.5bn GrandVision takeover in doubt

EssiLux case puts $8.5bn GrandVision takeover in doubt

EssilorLuxottica said on Monday that GrandVision’s actions during the coronavirus crisis could provide grounds for ending its €7.2 billion ($8.5 billion) takeover of the Dutch eyewear stores operator.
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
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