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​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

Marcus Rashford, whose campaigning pushed the government to change policy on free school meals, has won further recognition for his poverty-fighting efforts - on the cover of British Vogue celebrating black leaders.
Fashion
Amazon starts preparations to launch in Sweden

Amazon starts preparations to launch in Sweden

Amazon.com Inc has started preparations to launch in Sweden, marking its first step to establish a local presence in a Nordic country.
Fashion
Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world.
Fashion
Google Cloud prepares for Black Friday 'peak on top of peak'

Google Cloud prepares for Black Friday 'peak on top of peak'

Alphabet Inc's Google Cloud unit is poised for a surge in fourth-quarter sales from U.S. retailers, as they brace for record online shopping during the holidays because of COVID-19 lockdowns.
Fashion
John Lewis makes major move on supplier engagement

John Lewis makes major move on supplier engagement

​Department stores chain John Lewis has announced that, “following a successful trial”, it’s rolling out a new “progressive supplier engagement programme” called Better Jobs to all of its 120 UK manufacturing suppliers. 
Fashion
Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss said on Tuesday it had returned to strong growth in China in June and online sales jumped 74% in the second quarter even as it reported an overall 59% fall in sales for the period due to lockdowns.
Luxury
Australia's Melbourne to close retail until September

Australia's Melbourne to close retail until September

Australia's second-biggest city Melbourne already under night curfew announced fresh restrictions on industries on Monday, including retail, as it steps up desperate efforts to contain the spread of coronavirus.
Fashion
Dufry expects major cash flow drops as travel retail stays weak

Dufry expects major cash flow drops as travel retail stays weak

Swiss airport retailer Dufry has announced its cash flow estimates in a still-uncertain world and is planning for potential full-year declines in turnover of 40%, 55% and 70%.
Luxury
John Lewis in complete strategy rethink: digital first and new business areas

John Lewis in complete strategy rethink: digital first and new business areas

The John Lewis Partnership has said it must diversify beyond retail to survive the turmoil on the high street and plans to expand into financial services, gardening, housing and rental options.
Fashion
Lord & Taylor in bankruptcy filing

Lord & Taylor in bankruptcy filing

​Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
Fashion
Hammerson mulls sale of VIA Outlets stake to raise cash

Hammerson mulls sale of VIA Outlets stake to raise cash

UK malls giant Hammerson on Monday confirmed press peculation that it’s in “advanced discussions on the terms of a possible disposal of its 50% interest in VIA Outlets to its joint venture partner APG”.
Fashion
L'Oréal sales fall is worse than expected, travel retail suffers

L'Oréal sales fall is worse than expected, travel retail suffers

Sales at Maybelline maker L’Oréal fell more sharply than expected in the second quarter, though the French beauty giant managed to contain any major profit erosion as the COVID-19 pandemic forced stores to close.
Luxury
Amazon second-quarter sales beat estimates

Amazon second-quarter sales beat estimates

Amazon on Thursday beat Wall Street's estimates for second-quarter revenue as coronavirus-driven lockdowns pushed more people to shop for groceries and other essential and non-essential items on its platform.
Fashion
Facebook smashes revenue estimates amid pandemic, gets Instagram boost

Facebook smashes revenue estimates amid pandemic, gets Instagram boost

Facebook beat analysts' estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to tap a surge in online traffic during the pandemic even as they slashed marketing budgets elsewhere.
Fashion
Burberry opens first luxury social store in China, tech and exclusives are key

Burberry opens first luxury social store in China, tech and exclusives are key

Burberry on Friday announced the opening of its long-awaited social retail store in China’s technology hub Shenzhen, “blending the physical and social worlds in a digitally immersive retail experience”.
Luxury
M&S opens new-format Clothing & Home store

M&S opens new-format Clothing & Home store

We’ve become more used to retailers closing stores than opening them in recent periods, but on Thursday, M&S said that it has opened a brand-new store as part of its plan to create an estate “fit for the new world”.
Fashion