The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Debenhams Plc is closing its remaining 28 outlets in the UK on Saturday, the BBC reported.
The department-store chain has been struggling for years as consumers shifted to online shopping and store visits declined. While online retailer Boohoo Group Plc purchased Debenham’s label and fashion sub-brands in January for £55 million ($77.5 million), the transaction didn’t include any inventory or outlets.
In December, Debenhams said it was preparing to close its doors for good after failing to find a buyer. The chain, one of Britain’s best-known retailers, had 124 outlets across the country and employed around 12,000 when it announced it was winding down operations.
By Jack Wittels
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.