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Hotter CVA plan submitted, to complete next year

Hotter CVA plan submitted, to complete next year

Hotter Shoes has submitted its company voluntary arrangement (CVA) proposals following its announcement last month that it was aiming to close a large number of its stores.
Fashion
Boohoo share price recovery starts, business model remains strong

Boohoo share price recovery starts, business model remains strong

Boohoo may have seen its market value plunging this week after a Sunday Times report last weekend linked it to poor working conditions in Leicester factories, but its recovery has already begun.
Fashion
Post-crisis recovery under way at Global Fashion Group, Q2 is strong

Post-crisis recovery under way at Global Fashion Group, Q2 is strong

Global Fashion Group released preliminary Q2 figures on Friday and said that it expects the period to be its second profitable quarter on an adjusted EBITDA basis, as well as its first cash flow-positive three months.
Fashion
Mulberry may discontinue ready-to-wear line

Mulberry may discontinue ready-to-wear line

The struggling British fashion and accessories brand, which is closing its Paris and Hong Kong offices, is reportedly also on the verge of discontinuing its ready-to-wear and footwear licences from Spring/Summer 2021. 
Fashion
Google faces EU antitrust probe into Fitbit deal if no concessions - sources

Google faces EU antitrust probe into Fitbit deal if no concessions - sources

EU antitrust enforcers may open a full-scale investigation into Google's $2.1 billion bid for fitness tracker maker Fitbit unless the Alphabet unit offers concessions to address competition concerns.
Fashion
John Lewis to axe Bullring store and seven more, talks of e-tail acceleration

John Lewis to axe Bullring store and seven more, talks of e-tail acceleration

The John Lewis Partnership has revealed which of its department stores are set to close permanently following a review of its branches and said on Thursday that eight locations won’t reopen.
Fashion
Latest Fast Retailing results look bleak but Uniqlo rebound is good news

Latest Fast Retailing results look bleak but Uniqlo rebound is good news

Uniqlo's Japanese sales bounced back last month but parent company Fast Retailing still reported plunging nine-month profits on Thursday with Q3 having been worse than expected.
Fashion
Birks ends fiscal 2020 with 12.2% sales jump

Birks ends fiscal 2020 with 12.2% sales jump

Birks Group announced on Wednesday a net sales jump of 12.2 percent for fiscal 2020, as it carries out a strategic five-year transformation plan intended to return the company to profitability. 
Fashion
Pascal Morand and Séverine Merle on re-inventing Paris Menswear during and after the pandemic

Pascal Morand and Séverine Merle on re-inventing Paris Menswear during and after the pandemic

Few fashion organizations have had a busier spring than the Fédération de la Couture et de la Mode. FashionNetwork.com met with Pascal Morand and Séverine Merle to discuss Paris' upcoming digital menswear fashion week.
Fashion
Bazaarvoice buys Curalate to boost growing social commerce trend

Bazaarvoice buys Curalate to boost growing social commerce trend

Bazaarvoice has acquired social commerce solution Curalate to "create a powerful offering to lead the growing visual commerce trend, where consumers increasingly buy based on user-generated visual content”. 
Fashion
JD Sports boss slams government for unfair approach to retailers

JD Sports boss slams government for unfair approach to retailers

JD Sports' boss has hit out at the UK's business rates relief, questioning why supermarkets that have been open during the lockdown get the relief. He thinks some should have gone to landlords to help them cut rents.
Fashion
Quiz reduces online cart abandonment, boosts email revenues

Quiz reduces online cart abandonment, boosts email revenues

Quiz Clothing may be facing plenty of challenges at the moment but it’s seeing success in one area — email marketing. A new approach meant that email revenues have risen 200%.
Fashion
Boohoo starts independent review of UK supply chain, promises in-depth probe

Boohoo starts independent review of UK supply chain, promises in-depth probe

Boohoo is moving quickly to protect its business as a supply chain scandal causes e-tailers such as Asos and Zalando to delist its brands. But the firm also said its wholesale ops are small as D2C is its focus. 
Fashion
Vero Moda ends printed B2B catalogues

Vero Moda ends printed B2B catalogues

Bestseller said it has ended printed NOOS (‘never out of stock’) B2B catalogues for Vero Moda with the label “having gone ‘all in’ on their digital transformation. A shift that benefits colleagues and customers”.
Fashion
Boohoo shares plummet further after Leicester factory exposé

Boohoo shares plummet further after Leicester factory exposé

Boohoo shares continued to plunge on Tuesday after weekend allegations linking it to illegal factories in Leicester had driven the share price down sharply on Monday.
Fashion
AllSaints creditors support CVA with big majorities

AllSaints creditors support CVA with big majorities

Fashion retailer AllSaints has won creditor backing for its UK and US CVA proposals. It means it can proceed with its plans to downsize the chains with a small number of closures and strike new rent deals.
Fashion