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.
The move to extend trading hours is intended to alleviate some of the pressure caused by lockdown-enforced closures and will last through December and January, the Telegraph reports.
In an article for the newspaper, Robert Jenrick, the Secretary of State for Housing, Communities and Local Government, appealed to the public to support their local high streets and asked councils to allow shops to take advantage of the newly relaxed restrictions.
The new rules should allow shops to decide how long they stay open — including the option of 24/7 trading if desired — although extensions could be at the discretion of a local council, according to the Telegraph.
Primark, a budget fashion chain which does not trade online, already announced extended trading hours once England’s nationwide lockdown lifts on December 2, with plans to keep 11 stores open 24 hours.
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.
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.