Debenhams has announced it will permanently close six stores, including its Oxford Street flagship, resulting in 320 redundancies. The other affected stores are in Portsmouth, Staines, Harrogate, Weymouth, Worcester, and London. Staff at those stores were informed of the news last week. Debenhams began […]

StockX, the global resale platform for sneakers, streetwear and collectables, reports making 1.8 billion US dollars in gross merchandise value, as it closes more than 7.5 million trades in 2020. The record growth follows a 275 million US dollar Series E funding round announced in December 2020, led […]

German luxury fashion e-tailer Mytheresa has revealed the pricing of its IPO that it announced at the end of 2020. The retailer said it plans to sell around 15.6 million American depositary shares (ADS) at between 16 and 18 dollars each. The company will be listed on the New York Stock Exchange under […]

Is cotton as bad as its reputation when it comes to water consumption, pesticide and insecticide dependency and land usage? A recent panel discussion titled “Cotton claims - the good, the bad and the nuanced” as part of the Truth Series by the Transformers Foundation - founded early last year as part […]

Sosandar reported revenue of 3.98 million pounds for the three-month period ended 31 December 2020, up 6 percent year on year delivered with a 1.61 million pounds (66 percent) reduction in marketing spend. The company said in a statement that EBITDA loss reduced by 60 percent compared to the same period […]

For the four months to December 31, 2020 Asos Plc said, group sales were up 23 percent to 1,364.1 million pounds, supported by investment into capturing available demand and building customer momentum. Gross margin in the period was negative 90bps reflecting continued ‘lockdown’ category product mix, […]

Urban Outfitters, Inc. reported total company net sales for the two months ended December 31, 2020, decreased 8.4 percent over the same period last year, while comparable retail segment net sales decreased 9 percent due to negative retail store net sales. The company said in a statement that stronger […]

The Hut Group (THG) has raised its full-year guidance for the third time since launching its IPO in September 2020 following a surge in Q4 revenues. The British online retailer, which owns brands MyBag, Coggles, and All Sole, saw revenues soar 51 percent to 558.7 million pounds in the three months ended […]

Lands’ End, Inc. has raised its guidance for the fourth quarter ending January 30, 2021 and now expects net revenue to be between 528 million dollars and 533 million dollars, an increase from prior guidance of 500 million dollars to 520 million dollars. The company said, net income is expected to be […]

Edinburgh Woollen Mill (EWM), Bonmarché and Ponden Home - which were all part of Philip Day’s collapsed EWM Group - have reportedly been saved after their administrators struck a deal with international investors. Administrators at FRP Advisory have issued sale contracts to the potential buyer, in a […]

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