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.
Some companies, such as Finnish outdoor retailer Scandinavia Outdoor, say they are suspending shipping to Great Britain following Brexit tax changes that came into force on January 1.
Changes in VAT rules mean the tax is now being collected at the point of sale for any goods under £135, rather than at the point of importation. That means companies sending goods to England, Scotland or Wales now have to register and file accounts with British tax authorities.
Elsewhere, some courier services, like FexEx-owned TNT, are imposing surcharges on packages sent between the EU and the UK to cover additional investments required to adjust their systems, reports the BBC.
Scandinavia Outdoor plans to reopen its store for UK-based customers “as soon as our UK VAT-registration and the overall process of selling to the UK post-Brexit has been sorted out,” the brand wrote on its website.
Malls across the US have been ‘flash robbed’ by groups of about 20 to 30 suspects stealing retail merchandise.
BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape.
The sportswear giant’s lifestyle and fashion division is set to release a new campaign and “visual identity” to emphasise the cultural cachet of its Samba, Gazelle and Superstar sneaker franchises.
European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M and Zara-owner Inditex when they issue business updates this week.