In Numbers: the week in fashion in figures
Retail watchers have said all along that the ability to open stores was no "silver bullet" to recovery post-lockdown, and this week has shown that to be the case.
The week began with the news that Pink Shirtmaker was closing its store on the historic Jermyn Street after depressed post-lockdown footfall in the capital made the store unviable.
As we progressed through the week more retailers either announced store closures, DW Sports and M&Co, or it was revealed that stores were under review at chains including River Island and Jigsaw.
On the positive side global fashion retailer Mango said that recoveries in some of its key European markets and a stellar growth in digital sales meant that it was on course to grow sales this year, and while COVID had battered sales at Joules, the premium fashion retailer revealed the business was outperforming expectations post-lockdown.
Catch up on the key events via the stats that matter below.
Pink Shirtmaker was founded during the "Big Bang" of the 80s and sought to redefine workwear. Post-lockdown, with many offices closed, it has announced its Jermyn Street flagship will close for good.
The number of jobs at risk at DW Sports, which announced the closure of its entire retail business leading to the closure of 50 stores.
The number of stores that will be closed following the pre-pack administration at value fashion retailer M&Co.
The amount by which Mango saw its digital sales increase during lockdown. It says it is now on course to grow sales in 2020 despite the pandemic.
The number of fashion retail jobs either lost or at risk that have been announced by major fashion retailers since lockdown began. A huge further spike in job cuts is expected.
90,000 sq ft
The size of a new multi-brand concept store to be opened by Frasers Group next year in Leicester housing Sports Direct, Flannels and more.
The number of stores in the River Island estate. The chain is reported to be considering a number of closures via a CVA or some other form of administration.
Fine imposed by the CMA on Sports Direct and investor Pentland Group over the alleged breach of an order concerning Footasylum.
The number of global stores in the Inditex empire, which this week signed a pledge to maintain workers rights and stability of payments to suppliers during the crisis.
The amount of retail sales lost by Joules as a result of lockdown but the business said it is trading better than expected and well positioned for future challenges.
The amount of money raised by retail landlord Hammerson via a share placing and the sale of VIA Outlets. It also revealed a shake-up of its leasing model.
The number of global designers to be supported by MATCHESFASHION's The Innovators programme which offerings mentoring, marketing and favourable business terms.
Volume of sales derived from third-party brands at ASOS which has today asked partner brands made in the UK to commit to further transparency measures to ensure their clothing its ethically produced.
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