United Kingdom
Burberry: store sales decline by 9%
The UK-based fashion house has announced third quarter results, marked by decline in retail revenue. Suffering the impact of COVID-19 in its retail network, comparable store sales declined by 9% in the quarter
UK: footfall from bad to worse
The words are from the British Retail Consortium, and come up as the UK is facing the third lockdown since the outbreak of the COVID-19 pandemic and after a whole month of non-essential stores closed
Boohoo buys several brands from Arcadia
The United Kingdom-based online fashion retailer acquired Dorothy Perkins, Burton and Wallis' brands, its intellectual property and stocks for 25.2 million British pounds in cash
Burberry included in Bloomberg's Gender Equality Index
The ethical character of the British fashion brand Burberry was first recognized by the Bloomberg Gender-Equality Index (GEI) - Bloomberg's Gender Equality Index
London Fashion Week February 2021 to go ahead with no live audience
The event due to run from Friday 19th to Tuesday 23rd will be able to go ahead as digital-only event. Shows, presentations and installations can be filmed and photographed but should not take place with an invited audience
JD Sports Fashion to acquire US-based DTLR
The UK-based retailer of sports, fashion and outdoor brands, announces it entered into a conditional agreement for the acquisition of 100% of DTLR Villa LLC, a US-based lifestyle retailer with roughly 250 stores in 19 states
Asos buys Topshop and other Arcadia's brands
The deal includes Topshop, Topman, Miss Selfridge and HIIT. The brands were for sale after the Arcadia group collapsed into administration by the end of 2020
Li Ning’s unit Viva China to acquire majority stake at Clarks
The Chinese gymnast-turned-businessman Li Ning is about to take control of the British shoemaker less than a month after Clarks sold a majority stake to the Hong Kong-based private equity firm LionRock Capital, of which Li is Non-Executive Chairman
JD Sports raises profit forecast
Despite having to deal with many temporary store closures across several territories, JD Sports registered robust demand throughout the second half, including in the months of November and December
UK Retail: footfall down over by 40% in 2020
According to the British Retail Consortium a hard year ends a with footfall decline of 43%. Year on year UK Footfall decreased by 46.1% in December. The restrictions to contain the spread of COVID-19 are largely on the origin of such numbers
G-III enters the race to buy Arcadia
The New York-based group G-III Apparel is said to have entered the race to acquire Arcadia and to be among the top four candidates (Next, Boohoo and American-based Authentic Brands). However, G-III has not yet publicly confirmed
UK: online sales growth hits 13-year high
Following an outstanding performance in November, online retail sales growth in December remained high at 37% Year-on-Year (YoY) growth. Online retail sales growth for the full year stands at 36% YoY, resulting in the highest annual growth since 2007
London Fashion Week will be digital and with no audience
The event will run from the 19th to the 23rd February 2021, with both womenswear and menswear designers to take part in a gender-neutral showcase. London Fashion Week February 2021 will be a digital event, taking into account the most recent government restrictions in England
Asos sees UK sales climb by 36%
The UK-based marketplace ASOS, home to 900+ small businesses, has announced a trading update for the four months ended on the 31st December 2020 with revenue growth ”surpassing expectations”
JD Sports buys menswear retailer Wellgosh
The British sports-fashion retailer JD Sports acquired the Leicester-based menswear retailer Wellgosh. The financial terms of the transaction were not disclosed yet-
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