Chancellor Rishi Sunak has unveiled what has been touted as the most important budget statement in decades. And there's plenty in the latest announcement that directly impacts the fashion and retail sectors.
Prime real estate will always be in demand, but at what price? Fears the pandemic might have a lasting effect on physical retail and the prices businesses are willing to pay for property look to be overstated, for now.
The New York-based department store retailer announced on Monday that it has named Laura Miller as its new chief information officer and made a series of other senior leadership changes as part of its Polaris strategy.
Matchesfashion's CEO of just a year has stepped down with immediate effect. Ajay Kavan has left the firm and director Maureen Chiquet has taken on the role of executive chairwoman as the company looks for a new leader.
If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
There are two opposing camps this season in fashion. One sees women post-lockdown refusing to sacrifice comfort for future; the other, led by Dolce & Gabbana, insists women are desperate for a night on the dancefloor.
Debenhams is closing its 15 Scottish stores immediately with 647 job losses as a result, its administrator said in an update on the process to wind down the remaining parts of the business that Boohoo didn't buy.
Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.