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Stitch Fix disappoints with sales, swings to loss

Stitch Fix disappoints with sales, swings to loss

The San Francisco-based fashion subscription service reported lower than expected Q2 net sales of $504.1 million on Monday, up 12% year over year from $451.8 million. The company’s quarterly net loss was $21.0 million.
Fashion
Mango sees sales drop 22.4% but softens impact of Covid-19 thanks to digital

Mango sees sales drop 22.4% but softens impact of Covid-19 thanks to digital

The company's revenues fell from 2.37 billion euros to 1.84 billion euros in 2020. Online sales grew 36% year over year to 766 million euros, representing 42% of total revenues, while EBITDA came to 193 million euros. 
Fashion
Fashion giant H&M pauses placing new orders in Myanmar

Fashion giant H&M pauses placing new orders in Myanmar

Sweden's H&M, the world's second-biggest fashion retailer, said on Monday it was shocked by the use of deadly force against protesters in Myanmar and that it had paused placing orders in the country.
Fashion
Seven Dials names pop-up incubator winners

Seven Dials names pop-up incubator winners

​The Seven Dials area of London is to welcome four emerging, female-led brands via individual pop-up retail space, major landlord Shaftesbury said on Monday.
Fashion
Retail parks see strong rise in weekly footfall on eve of England schools reopening

Retail parks see strong rise in weekly footfall on eve of England schools reopening

In the countdown to non-essential stores reopening, how has UK footfall fared in the latest recorded week? In a nutshell, high streets poor, shopping centres not bad, retail parks good.
Fashion
Liverpool One gears up for reopening

Liverpool One gears up for reopening

​And so the preparations begin in the bid to ensure destinations are are on consumers’ ‘must visit’ lists when non-essential retail reopen from 12 April.
Fashion
M&S doubles global webstores with launches in 46 new countries

M&S doubles global webstores with launches in 46 new countries

M&S has launched webstores in 46 new international markets as it works to boost its global sales, “instantly expanding online reach to over 100 countries and enabling millions more customers to purchase M&S products”.
Fashion
Asda mulls George clothing sale, could add beauty salons

Asda mulls George clothing sale, could add beauty salons

​Asda’s new owners are planning a radical transformation of the chain that could see new services such as nail bars and beauty salons, more third-party concessions, and the sale of its George clothing operations.
Fashion
Retail space conversions accelerate as landlords seek more profitable tenants

Retail space conversions accelerate as landlords seek more profitable tenants

What had once seemed unthinkable is now not only happening but accelerating as failed UK retailers' giant spaces are transformed for new uses. And a spate of news on Monday showed the extent of the issue.
Fashion
Online sales reached record high last month, helped by fashion

Online sales reached record high last month, helped by fashion

​UK retail sales fell again on a like-for-like basis last month, but there was good news on fashion for once as its sales fall was small and it helped drive online like-for-likes to a record high.
Fashion
This weekend in Paris: Altuzarra, Elie Saab, Dice Kayek, Zadig & Voltaire and Givenchy

This weekend in Paris: Altuzarra, Elie Saab, Dice Kayek, Zadig & Voltaire and Givenchy

A busy weekend of action at the virtual Paris Fashion Week, where most of the online videos were shot thousands of miles away from the French capital. We look at five of the most notable houses over this past 48 hours.
Fashion
Eco-Age appoints Simon Whitehouse as new CEO

Eco-Age appoints Simon Whitehouse as new CEO

Eco-Age, the sustainability and creative communications agency founded in 2008 by Livia Firth and her brother Nicola Giuggioli, has appointed Simon Whitehouse as its new CEO.
Fashion
HBC to launch Saks Fifth Avenue's online business as separate entity

HBC to launch Saks Fifth Avenue's online business as separate entity

HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from a U.S. private equity firm.
Fashion
Brass to join M&S as operations director, delivering new vision for retail ops

Brass to join M&S as operations director, delivering new vision for retail ops

Deep into its well-publicised transformation strategy, UK retailer Marks & Spencer has appointed Alastair Brass as retail operations director, effective April.
Fashion
Renzo Rosso’s OTB acquires Jil Sander

Renzo Rosso’s OTB acquires Jil Sander

It’s official. Only the Brave (OTB), the key company in the fashion empire of Renzo Rosso, has acquired Jil Sander, the Hamburg-born label known as the highest expression of minimalism in fashion.
Fashion
Frasers calls business rates relief "near worthless", reviews portfolio

Frasers calls business rates relief "near worthless", reviews portfolio

​In a typically blunt statement, Frasers Group has blasted Chancellor Rishi Sunak’s Budget as doing virtually nothing for hard-pressed retailers on business rates. And it seems some of its stores are at risk as a result.
Fashion