A quartet of key UK fashion names have topped a new global ranking for omnichannel marketing excellence. But many UK firms are still missing out on basic opportunities to optimise e-commerce, resulting in lost revenue.
A new report says many UK retailers created e-tail roles and took other digital actions during lockdown, and also that they plan to focus more on local high streets and less on city centres for their stores.
The Hut Group has published details of its highly anticipated stock market float with confirmation that it will go ahead with the IPO and that it plans to list on the London Stock Exchange’s main market this month.
UK retail footfall continues to strengthen, although it’s still not where stores would want it to be and the return to normality will be slow. Store vacancy rates are up too, further undermining the rate of recovery.
The suit claims that Matthew Whitman Lazenby, president and CEO of the company that owns Bal Harbour, made statements that "breached the parties’ contract and Bal Harbour’s fiduciary duty," according to Saks.
Despite the challenges posed by Covid-19, the Fort Wayne, Indiana-based accessories company achieved net income of $7.2 million in the second quarter, progress driven by mask sales, e-commerce and the Pura Vida brand.
The Los Angeles-based fashion retailer announced a 41.7% drop in its second-quarter net revenue on Wednesday, as the Covid-19 pandemic continued to have a significant negative impact on its operations.