Boohoo shares increased 12 percent Thursday after its founders Mahmud Kamani and Carol Kane pumped 15 million pounds into the company. Kamani and Kane bought 10.7 million pounds and 4.3 million pounds worth of shares respectively on Thursday, helping to drive the share price up 12 percent to 235p. But […]

White Stuff is cutting 390 jobs across its head office and retail teams. The redundancies affect 100 head office employees and 290 employees working across its stores in the UK. It comes as part of a broader restructuring by the British fashion and lifestyle brand, which has now been completed - the […]

Zalando SE has upgraded its full year guidance following strong performance in the second quarter of 2020. The company is confident to deliver strong and profitable growth for the full year and now expects to grow GMV by 20-25 percent and revenue by 15-20 percent in 2020. It further expects an adjusted […]

What was already apparent in May continued in June as well: The fashion industry has recognised the importance of its sustainability efforts - commercially and for the sake of the environment - and even after Corona, fashion companies are making them a part of their budgets. The industry also seems […]

Dick’s Sporting Goods, Inc. has announced that Larry Fitzgerald, Jr., the 11-time Pro Bowl wide receiver for the NFL’s Arizona Cardinals, has been named to the company’s board of directors. “Larry has been part of the DICK’S Sporting Goods family for nearly 10 years, and we’ve gotten to know him very […]

A minority of fashion companies saw sales surge during the lockdown period, including Asos, which posted stronger than expected results for the four months to June 30. The online retail giant said it would pay back the funds it claimed from the government for furloughing its staff after sales increased. […]

The British Fashion Council (BFC) is calling on the government to support the fashion industry as new figures reveal that 240,000 jobs are at risk as a result of the coronavirus pandemic. New data from Oxford Economics suggests that the Covid-19 recession could hit the British fashion industry twice […]

Truworths, the South African owner of Office, has said it is in the process of negotiating further funding for the British footwear retailer. It is also looking into different restructuring initiatives, including a staff redundancy process and store lease negotiations, in a bid to “secure the long-term […]

British footwear retailer Johnson Shoes has been saved from administration in a move that will see half of its stores close. The company has been bought by Newjohn Ltd, part of independent retailer Daniel Footwear. As part of the administration, the company’s stores in Windsor, Newbury, East Sheen, […]

Next has reportedly been selected as the preferred UK franchise partner for the UK arm of Victoria’s Secret. The British retailer has agreed to an outline deal to take over the brand, according to Sky News. But the future of its retail estate reportedly depends on whether Victoria's Secret UK's landlords […]

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