Scottish value fashion retailer M&Co is reportedly close to calling in administrators. The company is on the brink of a pre-pack administration deal that would see the company’s assets sold back to its founders, the McGeoch family, and could result in 50 of its stores closing permanently, Sky News reports. […]

Mango has said some of its key European markets are recovering quickly and are “very close” to reaching the pre-Covid-19 levels of the first quarter of 2019, its year of record sales. The Spanish fashion retailer hailed its online channel as “key” to its recovery, with sales up more than 50 percent […]

July 2020 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 4.4 percent year on year, while total sales including online sales increased by 4.7 percent. The company said in a statement that despite the long spell of rain and low temperatures experienced […]

Announcing its second quarter results, Hugo Boss Ag said with approximately 50 percent of its global store network closed on average during the course of the second quarter, the company’s business was significantly impacted by the pandemic. The group sales declined to 275 million euros in the quarter, […]

The Case Scarpe & Scarpe is a Turin-based retailer with over 50 years of heritage in the footwear, leather goods and clothing sectors. Founded by the Pettenuzzo family, the company has witnessed great changes in the industry and led the evolution of the Italian retail distribution system since the 1960s. […]

Retail group John Lewis and Partners has announced that, following a successful trial, it is rolling out its new progressive supplier engagement programme called ‘Better Jobs’ to all of its 120 UK manufacturing suppliers. The purpose of the Better Jobs initiative, which is free to suppliers and replaces […]

US luxury department store chain Lord & Taylor has filed for bankruptcy, becoming the latest retail casualty of the Covid-19 pandemic. The company filed for Chapter 11 protection on Sunday, according to documents from the US Bankruptcy Court for the Eastern District of Virginia, along with its owner, […]

British property giant Hammerson has confirmed that it is in advanced talks of a possible disposal of its 50 percent stake in VIA Outlets to its joint venture partner APG. The company, which owns Bullring shopping centre in Birmingham and Brent Cross centre in London, said it is also mulling a potential […]

Victoria’s Secret owner L Brands has announced it will be cutting around 15 percent of its head office workforce in a bid to cut costs amid the Covid-19 pandemic. The move is part of a wider strategy by L Brands which aims to deliver approximately 400 million dollars in annual cost reductions. Approximately […]

In the second quarter of 2020, Safilo S.p.A. posted total net sales of 114.5 million euros, down 54 percent at current exchange rates and 53.7 percent at constant exchange rates with wholesale business down 55.2 percent. In the first half, group’s net sales equalled 335.6 million euros, down 32.3 percent […]

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