United Kingdom
UK: footfall remains low
With the UK still in lockdown, year on year UK footfall decreased by 73.5% in February, with only a 3.4 percentage point improvement from January. The new figures were just published and commented by the British Retail Consortium
Yellow Wood Partners to acquire Scholl from Reckitt Benckiser
The Boston-based private equity firm focused on investing in consumer brands and companies announced that it has entered into an agreement to acquire the Scholl footcare brand, from UK-based consumer-goods company Reckitt Benckiser
Capri appoints Alejandro Martinez-Galindo as Chief Information Officer
The fashion luxury group announced the appointment of Alejandro Martinez-Galindo as Chief Information Officer of Capri Holdings, reporting to Thomas Edwards, EVP, Chief Financial Officer and Chief Operating Officer. His start date is the 8th of March 2021
Farfetch reaches profitability
The luxury e-commerce platform has announced revenue in 2020 which increased by 64% to 1.7 billion US dollars, with future sights set on China, after investments and deals made last year
Caleres adds Naturalizer & Sam Edelman distribution to its European business
The US-based footwear group is adding 2 brands through its European distribution office, based in Milton Keynes in the United Kingdom. Caleres aims to broaden the reach of its brand portfolio and strengthen connections with global consumers
Skechers wins ninth Footwear Plus Company of the Year award
For the ninth time in the past 15 years, Skechers has been chosen as Company of the Year by Footwear Plus. Skechers Kids also received the Excellence in Children’s Design Award
CEO Giorgio Presca exits Clarks
According to several reports on the news, the CEO of Clarks has reportedly left the business. Other members of the company’s executive team are allegedly leaving as well
Peter Foot is leaving Shoe Zone
Shoe Zone announced that Peter Foot, its Finance Director, has left the business with immediate effect
Shoe Zone expects 24.3% decline in revenue
Ahead of releasing its final results for the 52-week period ended on the 3rd of October 2020, Shoe Zone announces that it expects to report revenue for the period of approximately 122.6 million British pounds, a 24.3% decline from the previous year
Burberry: store sales decline by 9%
The UK-based fashion house has announced third quarter results, marked by decline in retail revenue. Suffering the impact of COVID-19 in its retail network, comparable store sales declined by 9% in the quarter
UK: footfall from bad to worse
The words are from the British Retail Consortium, and come up as the UK is facing the third lockdown since the outbreak of the COVID-19 pandemic and after a whole month of non-essential stores closed
Boohoo buys several brands from Arcadia
The United Kingdom-based online fashion retailer acquired Dorothy Perkins, Burton and Wallis' brands, its intellectual property and stocks for 25.2 million British pounds in cash
Burberry included in Bloomberg's Gender Equality Index
The ethical character of the British fashion brand Burberry was first recognized by the Bloomberg Gender-Equality Index (GEI) - Bloomberg's Gender Equality Index
London Fashion Week February 2021 to go ahead with no live audience
The event due to run from Friday 19th to Tuesday 23rd will be able to go ahead as digital-only event. Shows, presentations and installations can be filmed and photographed but should not take place with an invited audience
JD Sports Fashion to acquire US-based DTLR
The UK-based retailer of sports, fashion and outdoor brands, announces it entered into a conditional agreement for the acquisition of 100% of DTLR Villa LLC, a US-based lifestyle retailer with roughly 250 stores in 19 states-
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