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Next and US partner seen as most likely to win Arcadia - reports

Next and US partner seen as most likely to win Arcadia - reports

Fast-expanding retailer Next and its US partner Davidson Kempner are being widely touted as the frontrunners to buy failed Arcadia out of administration.
Fashion
Louis Vuitton promotes David Ponzo to head of global commercial activities

Louis Vuitton promotes David Ponzo to head of global commercial activities

CEO of Louis Vuitton Japan David Ponzo has been catapulted to the role of EVP for global commercial activities at LVMH's flagship brand, succeeding Anthony Ledru, who has taken over as head of Tiffany & Co. 
Fashion
U.S. retail sales fall again in December

U.S. retail sales fall again in December

U.S. retail sales declined further in December as renewed measures to slow the spread of Covid-19 undercut spending and reduced traffic to shopping malls.
Fashion
Comfortwear, beauty, jewellery top lockdown Xmas buys says Clearpay

Comfortwear, beauty, jewellery top lockdown Xmas buys says Clearpay

Buy Now, Pay Later online payments platform Clearpay has released its October-December trends, confirming comfortable clothing, jewellery and beauty were the holiday shopping season’s top picks.
Fashion
​Lenton to quit as Hammerson CFO following sale of Via Outlets business

​Lenton to quit as Hammerson CFO following sale of Via Outlets business

Hammerson said Friday its chief financial officer James Lenton is to leave the UK property giant after 15 months. But the board said Lentos will continue in his role until a successor is found.
Fashion
H&M's Eriksson succeeds Kristina Stenvinkel as group's Communications Director

H&M's Eriksson succeeds Kristina Stenvinkel as group's Communications Director

​H&M Group has announced that its Head of Media Relations Andreas Eriksson, is to take on the role of Communications Director across the group succeeding Kristina Stenvinkel. 
Fashion
N Brown sales still down but performance improves

N Brown sales still down but performance improves

​N Brown may have moved to an online focus in recent years, but unlike some other pureplay retailers, it didn’t have such a good autumn and festive season. Yet despite sales falls, there are signs it’s on the right track
Fashion
Milan kicks off radically slimmed-down edition of Fashion Week Men's on Friday

Milan kicks off radically slimmed-down edition of Fashion Week Men's on Friday

Milan Fashion Week Men's runs from 15 to 19 January, with an exclusively online and severely reduced calendar. Deprived of the majority of its stars, the event has bet on young talent and is introducing 10 new labels. 
Fashion
Jordan tops StockX sneaker charts amidst resale boom

Jordan tops StockX sneaker charts amidst resale boom

Following a year that saw a boom in online resale, StockX has released an annual trend report, revealing that Jordan was once again the most popular sneaker brand on the platform in 2020.
Fashion
PayPal becomes first foreign firm in China with full ownership of payments business

PayPal becomes first foreign firm in China with full ownership of payments business

PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data.
Fashion
Bleak prospects for luxury and tailoring, says post-pandemic spending survey

Bleak prospects for luxury and tailoring, says post-pandemic spending survey

​Sales of luxury goods and men’s tailoring are expected to take a major hits this year as consumers turn away from ‘frivolous’ spending following lockdown restrictions, a survey by Brightpearl claims.
Fashion
H&M reveals Simone Rocha collaboration, will launch in March

H&M reveals Simone Rocha collaboration, will launch in March

The pandemic has interrupted the usually packed schedule of retailer-designer collabs, but some have still been happening and one of the biggest names in the collabs space, H&M, has announced a link-up with Simone Rocha.
Fashion
Landsec outlet sector lettings are strong, premium labels join or upsize

Landsec outlet sector lettings are strong, premium labels join or upsize

​Landsec may have had a hard time collecting rent from some of its tenants of late, but it’s been continuing to sign up new names and especially in the still-buoyant outlets sector.
Fashion
Administrators complete sale of Bonmarché, but most stores excluded

Administrators complete sale of Bonmarché, but most stores excluded

​Confusion over Bonmarché’s inclusion in the rescue deal that saved most Edinburgh Woollen Mill and Ponden Home stores and jobs has been cleared up with news on Thursday that Bonmarché has also been sold to Purepay.
Fashion
Shuttered stores mean more than £1bn in lost sales for Primark

Shuttered stores mean more than £1bn in lost sales for Primark

Primark had already told us just after Christmas that the latest lockdowns would dent its sales significantly, but on Thursday, it said that lost sales for the current half year would add up to a massive £1.05 billion.
Fashion
Loungewear and China are key for Fast Retailing success in Q1

Loungewear and China are key for Fast Retailing success in Q1

Uniqlo's Japanese owner on Thursday said operating profits were higher than pre-pandemic levels in its Q1, boosted by China's resurgence and strong demand for stay-at-home clothes like jogging pants and loungewear.
Fashion