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.
Overall retail footfall on Boxing Day in Britain fell 60 percent compared to the previous year, market researcher Springboard said on Sunday, as the closure of shops in large parts of England due to Covid-19 restrictions hit one of retail’s busiest days.
London and large parts of south and east England are now under Tier 4 restrictions, where non-essential retail stores are closed.
Overall footfall in Tier 4 areas was down 75.9 percent, Springboard said, with footfall down more than 30 percent in the less restricted Tier 2 and 3 areas, where non-essential shops can stay open but there are restrictions on hospitality venues.
By Alistair Smout; editor: Jason Neely
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.