In Numbers: the Week in Fashion in Figures
Our weekly round-up of fashion's key events told through the stats that matter takes in an array of developments in the UK fashion industry this week from Boohoo's plans for a "model factory" in Leicester to lay-offs at Selfridges, better than expected results from Next and innovative new retail stores for Burberry and Marks & Spencer.
50,000
The number of new garments per week that will be made at Boohoo's new hi-tech garment making factory in Leicester, which is scheduled to open in September.
Boohoo chief confirms plans for "model factory" in Leicester
124
Debenhams had opened 124 out of its previous 142 stores since lockdown and is now considering a sales as part of its exit strategy from administration.
Debenhams considers sale as part of administration exit plan
550
Number of stores in Sir Philip Green's Arcadia empire which is said to be plotting another restructure.
46%
Quarterly drop in sales at the fashion division of luxury conglomerate LVMH, which nonetheless hailed its performance as "resilient".
LVMH hails "resilient" performance despite sales and profits slump
2%
The amount that could be added to online sales in the guise of a new online sales tax being considered by Chancellor Rishi Sunak.
450
Number of redundancies proposed at Selfridges as it anticipates a "significant" drop in sales due to COVID-19.
28%
Drop in Q2 sales at Next, which beat expectations. The retailer is still anticipating a profit this year.
£500,000
Additional funds raised by the BFC to donate to designer-led businesses needing support during the COVID-19 crisis.
BFC Foundation Fashion Fund for the Covid-19 crisis reopens applications
7
The number of banks online beauty and fashion giant The Hut Group is said to have hired to oversee a potential IPO.
The Hut Group appoints 7 banks to steer potential £4.5bn float
190
Number of Primark stores across the UK which are now offering in-store recycling for any brand of clothing.
20
Number of staff being cut from Victoria Beckham's HQ as the label cuts its volumes and goes "back to basics".
14.2%
Decline in rental income at shopping centre owner Westfield as a result of the global COVID-19 crisis.
£132m
Value of unsecured creditors at Monsoon Accessorize before its recent pre-pack administration.
60%
Amount of sales John Lewis anticipates it will generate online post-COVID, as opposed to 40% pre-lockdown.
John Lewis expects to be a 60% online retailer from 40% pre-COVID-19
12.4%
Percentage of all retail store units that were vacant in the past quarter; this figure is expected to spike as Government support winds down.
Increase in empty shops as high streets and shopping centres hit by lockdown
750,000
Combined population of Derby and Nottingham, who will be served by M&S's new digitally focused store.
539 sqm
Size of the new Burberry store in Shenzhen which aims to redefine the future of luxury fashion shopping.
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