United Kingdom
Burberry’s sales down by 45% in first quarter
Comparable sales of the Britain-based luxury brand declined by 45% in the first quarter, easing to -20% in June. Growth in Mainland China and Korea in June was ahead of pre Covid-19 levels, with sales of full-price leather goods up strongly in these regions
More changes at Mulberry are underway
Last month, Mulberry announced plans to cut a quarter of its global workforce. Now, the British brand specialized in luxury handbags, should be about to close the offices in Paris and Hong Kong
JD Sports Fashion: reports 3% rise in profit, but predicts uncertain footfall
The sportswear retailer says pace in stores should remain uncertain but believes to be well placed to regain its pre-pandemic momentum after reporting a 3% rise in annual profit
Pentland is cutting jobs and focusing on core brands
The London-headquartered group is the latest fashion and footwear name to implement job cuts amid the coronavirus pandemic- Pentland is preparing a restructure of its strategy
Capri with 70% plunge in first quarter sales
During the first quarter Capri' stores were closed roughly 55% of the period. Given the significant store closures, the gradual recovery in revenue and low wholesale shipments, first quarter fiscal revenue should decline by 70%
T.M. Lewin to close all UK stores
Britain-based menswear brand T.M. Lewin will close all its stores permanently. The brand will remain on the online sphere, its restructurer said on Tuesday
Shoe Zone with new Finance Director
The UK-based footwear retailer announced the appointment of Peter Foot as Finance Director, with effect from the 6th of July onwards. Mr. Foot will replace Jonathan Fearn whose resignation has been accepted with effect from the 31st of July 2020.
Pure London: summer edition cancelled
Due to the global impact of the Coronavirus pandemic, the Hyve Group have announced changes to their 2020 show calendar and will bring Pure London, Pure Origin, Scoop and Jacket Required back to the UK capital in February 2021
Kurt Geiger to donate first month of store profits to the NHS
The British-based retailer is set to give all store profits from the first month of trading after the lockdown to the National Health Service (NHS)
Hunter Boots CEO exits company
Hunter Boots announced that CEO Vincent Wauters is stepping down “by mutual agreement” at the end of July to pursue new opportunities. His exit comes as Hunter begins a strategic review
Schuh is re-opening most stores
The footwear retailer is set to reopen most of its stores in England and Ireland today. Reduced opening hours will be imposed, alongside with other health and safety measures
Mulberry to reduce 25% of global workforce
The British-based luxury brand is planning to cut 25% of its global workforce to reduce costs as sales take the hit of the coronavirus pandemic, The Guardian is reporting
China: Jimmy Choo returns to last year sales levels
In a statement giving an updated on the phased reopening of their global stores network, Capri Holdings, the owner of the Jimmy Choo, said sales levels of the brand are returning to normal in China
Capri gives update regarding phased reopening of global stores
After taking the hit of the diffusion of Covid-19 and having most stores closed across the world, Capri now has slightly more than half of the company’s global retail fleet of stores open
Burberry: sales decline by 27% in the last quarter
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%-
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