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.
BERLIN, Germany — Casual clothing chain Uniqlo plans to reopen two stores in Berlin this week, the first in Europe to resume business after nearly all of its stores there were closed due to the coronavirus outbreak.
Japan's Fast Retailing Co. operates 98 Uniqlo stores in Europe. All are closed except for one in the Swedish capital of Stockholm where stores and schools remain open, a company spokeswoman said.
Although most Uniqlo stores in China, its biggest growth market, have reopened as coronavirus infections there have dropped, the outbreak disrupted the company's supply chain and forced it to shut over half of its 750 stores in the country.
This month, Fast Retailing forecast a 44 percent fall in operating profit for the year through August.
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A worsening outbreak in Japan has forced it to temporarily close 289 stores and shorten hours at nearly 300 in its home market as of Tuesday.
By Ritsuko Ando; editors: Clarence Fernandez and Edwina Gibbs
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
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.