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H&M begins placing orders in Myanmar again after pause in wake of coup

H&M begins placing orders in Myanmar again after pause in wake of coup

Swedish fashion retailer H&M said on Monday it was gradually beginning to place new orders again with its suppliers in Myanmar after a temporary pause following the military coup in the country in February.
Fashion
Global luxury sales could return to pre-Covid levels this year, Bain says

Global luxury sales could return to pre-Covid levels this year, Bain says

The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.
Fashion
​UK high street footfall bounces back after poor Bank Holiday, London strong

​UK high street footfall bounces back after poor Bank Holiday, London strong

Footfall in UK retail destinations rose a modest 0.5% last week, despite continuing poor weather. ​And that albeit mildly positive number was driven by a stronger showing across high streets, particularly in London.
Fashion
UK shoppers to spend £40bn of lockdown savings - Bank of America study

UK shoppers to spend £40bn of lockdown savings - Bank of America study

There’s a heap of consumer cash waiting to be spent -- £40 billion to be precise. That’s the amount of lockdown savings Britons are only too willing to splurge in the post-Covid economic recovery, research has found.
Fashion
M&S reopens fitting rooms as UK lockdown eases further

M&S reopens fitting rooms as UK lockdown eases further

M&S is taking some more key steps on Monday as it reopens its UK fitting rooms and its cafes. The move should add to the appeal of physical shopping and boost dwell time.
Fashion
British shoppers will spend with "deserving" brands - study

British shoppers will spend with "deserving" brands - study

​UK shoppers are increasingly choosing to spend their money with brands depending on how much they think those brands deserve their patronage, a new study shows.
Fashion
ROI retail reopens, UK going-out categories could rise on latest lockdown easing

ROI retail reopens, UK going-out categories could rise on latest lockdown easing

​Non-essential stores in the Republic of Ireland (ROI) reopened on Monday with expectations of heavy demand after more than four months of being closed. 
Fashion
China's industrial output growth slows in April, retail sales miss forecasts

China's industrial output growth slows in April, retail sales miss forecasts

China's factory output growth slowed in April from the jump seen in the previous month while retail sales missed analyst expectations, indicating more pressure on the recovery in consumption.
Fashion
JD Logistics launches Hong Kong IPO to raise up to $3.4 billion

JD Logistics launches Hong Kong IPO to raise up to $3.4 billion

JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company's filings. 
Fashion
Aeffe sales rise 5.1% in first quarter

Aeffe sales rise 5.1% in first quarter

The Italian fashion group has revealed that its consolidated revenues for the first quarter ended March 31, 2021 totalled 80.1 million euros, up 5.1% from 76.2 million euros in the prior-year period.
Fashion
Steinhoff prices Pepco shares at 40 zlotys in Warsaw listing

Steinhoff prices Pepco shares at 40 zlotys in Warsaw listing

South African conglomerate Steinhoff said on Friday it had set the price of shares in discount retailer Pepco at 40 zlotys (8.8 euros) in its Warsaw listing, giving the company a market capitalisation of 23 bn zlotys.
Fashion
Dollar falls after weak retail sales data

Dollar falls after weak retail sales data

The U.S. dollar edged lower against major currencies on Friday after a report that U.S. retail sales unexpectedly stalled in April and as fears of accelerating inflation receded.
Fashion
Trafford Centre gets surprise new asset manager Pradera Lateral

Trafford Centre gets surprise new asset manager Pradera Lateral

Pradera Lateral is the surprise choice to manage the Trafford Centre. Its appointment follows a “competitive” tender process, with little-known Pradera beating industry giant Westfield to oversee the Manchester mall. 
Fashion
Amazon to create 10,000 new UK jobs, corporate fashion roles included

Amazon to create 10,000 new UK jobs, corporate fashion roles included

​Amazon will create 10,000 new permanent jobs in the United Kingdom in 2021, taking its total workforce in the country to more than 55,000, it said on Friday.
Fashion
New York Fashion Week prepares for full-on physical comeback in September

New York Fashion Week prepares for full-on physical comeback in September

Following two seasons with barely any in-person runways, the fashion week is set to make a spectacular comeback in September, with shows from brands including Rodarte and Altuzarra and the return of the Met Gala.
Fashion
Anti-monopoly fine pushes Alibaba to first operating loss as public company

Anti-monopoly fine pushes Alibaba to first operating loss as public company

China's top e-commerce platform Alibaba Group Holding Ltd on Thursday posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator.
Fashion