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In Numbers: the week in fashion in figures

Lauretta Roberts
07 August 2020

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.

1984

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.

Pink Shirtmaker closes Jermyn Street flagship

1,700

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.

DW Sports to be placed into administration putting 1,700 jobs at risk

47

The number of stores that will be closed following the pre-pack administration at value fashion retailer M&Co.

M&Co sold in a pre-pack administration deal

50%

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.

Mango on course to beat 2019 sales

15,000

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.

COVID casualties: how the crisis has hit fashion retail jobs so far

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.

Frasers Group to open multi-brand concept in Leicester

300

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.

River Island stores at risk as it considers CVA

£300,000

Fine imposed by the CMA on Sports Direct and investor Pentland Group over the alleged breach of an order concerning Footasylum.

JD Sports and shareholder fined £300,000 after Footasylum takeover

7,000

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.

Zara parent Inditex pledges support for suppliers during COVID-19 crisis

£31m

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.

Joules sales down 12.5% but it says it is “well positioned” to navigate further challenges

£825m

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.

Hammerson to raise £825m and introduces a new approach to leasing

12

The number of global designers to be supported by MATCHESFASHION's The Innovators programme which offerings mentoring, marketing and favourable business terms.

MATCHESFASHION launches The Innovators programme to support global talent

60%

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.

ASOS asks partner brands to sign Transparency Pledge

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