Tag : retail
Why the green dividend is paying offSubscription
Fashion brands and retailers are starting to realise the value of the “green dividend” – and coronavirus is forcing businesses to build sustainability into their resilience plans for the future.
The continued lack of clarity surrounding the government’s non-essential retail store reopening advice has left the fashion industry in a “perilous position”, the industry has told Drapers.
J Crew prepares to file for chapter 11 bankruptcy Subscription
Struggling US casualwear brand J Crew is reportedly preparing to file for chapter 11 bankruptcy protection, making it the latest in a string of retailers to collapse amid the coronavirus pandemic.
BRC publishes store reopening guidance Subscription
The British Retail Consortium (BRC) has published guidance to support the reopening of stores, including social-distancing and hygiene measures.
Capri Holdings, owner of Michael Kors, Jimmy Choo and Versace, has announced its first group-wide corporate social responsibility strategy to coincide with the 50th anniversary of Earth Day.
Wrangler surpasses global water goalSubscription
Wrangler has announced it has saved more than 7 billion litres of water in the production of its denim products – equivalent to the daily drinking water needs of almost 4 billion people.
Drapers Investigates: Retail’s long road to recovery Subscription
Drapers’ latest Covid-19 coronavirus survey provides a snapshot of what the post-lockdown retail recovery process will look like.
Queen's Award 2020 fashion winners named Subscription
Several fashion retailers and brands, including Séraphine, Frugi, Celtic & Co and Avenue51, have been awarded this year’s Queen’s Award for Enterprise.
Asos sales sink 25% amid coronavirusSubscription
Asos group sales dropped 20%-25% amid the coronavirus pandemic, after it achieved record interim profits.
Retail bosses call for £6bn corporation tax hikeSubscription
A sub-committee of the Retail Sector Council is reportedly calling for the Treasury to increase corporation tax in order to cut business rates by £6bn.
Retailers take action on propertySubscription
Retailers are seizing the opportunity to take “decisive action” on their property portfolios in 2020, say experts, as restructurings and company voluntary arrangements continue to put downward pressure on rents.
'Worst year on record' for retail Subscription
The prospect of a no-deal Brexit, company voluntary arrangements, shop closures and job losses resulted in the “the worst year on record” for retail in 2019.
Investment firm M&G, which owns shopping centres across the country, has said it will continue the temporary suspension of its £2.5bn M&G Property Portfolio fund “until further notice”.
Record number of retail jobs lost in 2019Subscription
The year of 2019 was one of the worst for UK high streets in the past 25 years, with more than 2,750 jobs within the retail sector being lost each and every week, new research has found.
John Lewis's top trends for 2019Subscription
In its seventh annual Retail Report, John Lewis & Partners has identified the seven biggest fashion trends of 2019, including utility-style jumpsuits, midi dresses and sustainability, as it continues to navigate changing consumer shopping habits.
Four tech innovations pushing retail boundariesVideoSubscription
Israeli innovators gathered at London’s Design Museum in Kensington last week to shed light on the latest retail technologies set to shape fashion businesses.
Latest developments in sustainable store designSubscription
From responsibly sourced materials to in-store recycling schemes, stores offer brands and retailers the opportunity to make their environmental efforts concrete.
Retail vacancy rates hit four-year highSubscription
The retail vacancy rate peaked at 13% in the first half of 2019, new research has shown. This was a 6% increase year on year, and is the highest the rate has been since August 2015.
Retail rents: the race to the bottomSubscription
Retailers are demanding rent cuts in the wake of an avalanche of company voluntary arrangements. But the long-term effect may be to undermine investment in retail property.
Retail sales suffer sharpest decline on recordSubscription
Total retail sales slumped by 2.7% year on year in May, excluding Easter distortions – the steepest decline since records began in 1995.