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.
Westfield shopping mall owner Unibail said on Wednesday it expected to see a continued strong Covid-19 impact on its 2021 performance, citing longer and tougher restrictions that carried on beyond the first quarter where its turnover slumped 40 percent from a year earlier.
Unibail-Rodamco-Westfield, which also counts Forum des Halles in Paris and Madrid’s La Vaguada among its assets, reported a proportionate turnover of 566.7 million euros ($685.20 million) for the first three months of the year, compared with 956.6 million euros last year.
Reporter: Milla Nissi; editor: Jane Merriman
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.