APPAREL SALES HIT IN NOVEMBER
Second lockdown impacts sales The latest figures from The Office for National Statistics found retail sales volumes fell 3.8 per cent in November compared to...
Month : December 2020
Huge potential for Made in India apparels in Spain: Indian diplomat
B2B meeting held between Indian apparel exporters and buyers in Spain Indian apparel manufacturers can significantly increase their exports to Spain considering the recent transformations...
MOTHERCARE SEEING LOSSES
Mothercare has reported a loss in its financial year to date, as store closures affected its trading amid the Covid-19 pandemic. In the first 28...
BRITISH FASHION CHAIN JAEGER ANNOUNCES JOB CUTS
After British fashion chains Peacocks and Jaeger fell into administration, putting 4,716 jobs at risk and joining a growing list of retailers by the COVID-19...
Authentic Brands likely to takeover Debenhams & Arcadia Group
US retail firm Authentic Brands is reported to be in discussions with administrators at both Arcadia Group and Debenhams. Arcadia Group fell into administration on...
ARCADIA’S FLAGSHIP BRANDS TOPSHOP & TOPMAN VALUE DROPS BEFORE BUYOUT
Topshop, Miss Selfridge and Dorothy Perkins are reportedly now worth about half their £800 million value, following the parent company Arcadia’s administration. Arcadia’s retailers were...
SECOND LOCKDOWN DENTS PRIMARK WITH LOSSES OF £430 MN
PRIMARK has informed that the second lockdown has brought about £430 million losses for the retailer Associated British Foods (AB Foods) said this figure was...
ONLINE IS NOT PERMANENT SAYS PRIMARK’S CHIEF
Primark’s chief executive Paul Marchant has slammed claims that COVID-19 has brought about a permanent shift to online shopping, Marchant took aim at pundits who...
Puma Private Equity invests £3.5 million in menswear retailer Ron Dorff
Puma’s private equity division Puma Private Equity has invested £3.5 million in menswear retailer Ron Dorff in an effort to support its growth strategy. Puma...
Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
The company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of € 671million in the nine months...