In Numbers: The Week in Fashion in Figures

Edinburgh Woollen Mill

This week’s news was dominated by one big disputed figure. Edinburgh Woollen Mill Group, which also owns Peacocks, Jaeger and Austin Reed among others, wrote to the Bangladesh Garment Manufacturers and Exporters Association to demand it retract recently circulated claims that it owed Bangladeshi garment manufacturers almost £27m.

The claim was said by the retail group to be affecting its ability to get credit and jeopardising an investment deal in value chain Peacocks (a major US investor was said to be interested). After the threat of legal action the BGMEA retracted the claims and admitted EWM had paid or agreed most of its bills, however by Friday EWM had filed its intention to appoint an administrator and is still seeking buyers and investors. Another large number, 24,000, is the number of staff whose futures are now uncertain.

EWM has been battered by the slump in high street footfall, which is roughly 30% down year-on-year, and unlikely to recover for many, many months as talk of lockdown (on a national and local level) continues to hang over us. While the group isn’t exposed to city centre locations, as some chains are, where footfall is even worse, it has been particularly hard hit as it serves an older customer who is reluctant to go out to the shops for non-essentials.

Some brighter spots this week were a return to profit for online giant Very and, like last week, we have seen more sustainable progress from brands this week, such as Zalando, Levi’s and Ganni, as they anticipate the future priorities of the post-COVID consumer.

Below we round up your week in fashion with more stats that matter.

£14.2m

The loss posted by Mulberry as the British luxury brand is hit by the global COVID crisis.

Mulberry posts loss due to impact of COVID crisis

-3.5%

Footfall dropped by -3.5% week on week as the COVID curfew and wet weather took their toll.

Footfall across UK retail destinations declines -3.5% amid wet weather and 10pm curfew

77

Fashion-Enter employed 77 former Laura Ashley staff to work at its new garment factory in Powys.

Fashion-Enter hires 77 former Laura Ashley workers for new Welsh factory

2

The first two dedicated Home & Beauty stores were unveiled in Milton Keynes and Watford this week.

In Pictures: Next debuts beauty stores at Intu Watford and Intu Milton Keynes

501

Levi’s iconic jean, among many other styles, has been re-imagined for a new store in Soho with sustainability as its focus.

Levi’s launches new concept store in Soho with sustainable denim range as the focus

90

The number of stores in the Ann Summers estate; the lingerie retailer is considering a CVA for some, but not all, of those stores.

Ann Summers CVA “likely” but not certain as some landlords remain reluctant to adjust terms

336,000

The amount, in tonnes, of clothing disposed of in household waste per year, which is one of the reasons why fashion is once again under the spotlight with MPs.

MP’s to revisit fashion sustainability inquiry

£100m

The amount of cash that PE house LionRock could inject into Clarks but its potential investment deal is said to hinge on the approval of a CVA.

Clarks investment deal contingent upon agreement of a CVA

52%

The surge in sales experienced by online womenswear brand Sosandar in the six months to 30 September.

Sales surge at Sosandar due to product range expansion and strong customer acquisition

80%-90%

Westfield says its European centres are trending at about 80%-90% on last year as we examine how key shopping destinations are faring post-lockdown.

In Focus: How have shopping destinations performed in 2020?

£27m

The Bangladesh Garment Manufacturers and Exports Association admitted its claims that Edinburgh Woollen Mill owed members this about were, in fact, not true.

BGMEA admits claims about Edinburgh Woollen Mill unpaid bills are false

£2bn

The Very Group sales topped £2bn for the first time as the online giant returned to profit.

The Very Group back in the black as revenue tops £2bn

30.1%

UK footfall is down by 30.1% year-on-year with the recent tightening of COVID restrictions causing a further lack of confidence among consumers.

High street footfall down in September amid tighter restrictions

60,000

The number of sustainable items now available on Zalando after it more than doubled its eco-fashion offer.

Zalando expands its sustainable category after demand for eco-friendly fashion rises

24,000

The number of staff who face an uncertain future after Edinburgh Woollen Mill, parent of Jaeger, Peacocks and Bonmarche, files notice to appoint an administrator.

In-Depth: Edinburgh Woollen Mill – what led to it filing an intention to appoint administrators?

75%

The amount of the supply chain in Ganni’s new “low impact” Software line that its traceable.

Ganni introduces new “low-impact” Software line

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