Primark owner Associated British Foods (ABF) is set to unveil a slump in sales and profits after the high street giant was hit hard by the latest coronavirus lockdown.
The Hut Group, owners brands including Coggles, Lookfantastic and AllSole, has reported £1.6 billion of revenues for the financial year 2020, with an operating loss of £481.8m, driven by one-off costs from investment and acquisitions.
Sosandar, the online women's fashion brand, reported a 63% leap in sales in Q4 reaching £3.94m.
Despite the temporary closures of stores in a number of countries at various times in the year, total revenue for JD Sports Fashion Plc increased by approximately 1% to £6.17 billion in the year to 30 January 2021, compared to £6.11bn in 2020.
Fast fashion womenswear brand Quiz has reported a 66% drop in revenue for financial year to 31 March 2021, plunging to £39.7 million.
Property giant Hammerson has confirmed that it is in talks over a deal to sell its portfolio of UK retail parks.
Retailers recorded a positive sales result for March 2021, set against a poor base of March 2020, with total like-for-like retail sales – combining in-store and online – increasing by +42.5% against -17.9% for the equivalent month last year.
Boohoo is to create 500 new jobs with the opening of a fourth warehouse, in Daventry, which is due to come on-stream at the end of the second quarter of its financial year.
ASOS has launched a £500 million fundraising scheme through unsecured guaranteed convertible bonds to provide “additional flexibility” for potential global expansion.
Frasers Group has warned it could take a hit in excess of £200 million due to the ongoing Covid-19 restrictions – double its previous estimate in February.
Debenhams has announced that its stores in England and Wales will reopen on Monday 12 April for the businesses final closing down sale, as it
UK footfall recovered strongly to an annual decline of -28.1% in March, from -61% in February 2021, though that was distorted by the anniversary of Lockdown 1 falling in the penultimate week of the month, according to retail experts Springboard.
Online fashion giant ASOS has revealed that sales soared during the latest COVID-19 lockdown as high street stores remained closed.
Joules has appointed Caroline York as its new chief financial officer (CFO) replacing Marc Dench, who will step down from his position on the Board on 11 May 2021.
Frasers Group has hit out at yesterday's news of a rescue of value fashion chain Peacocks by a consortium of international investors led by its former COO Steve Simpson, saying its was effectively frozen out of the sale process despite submitting an expression interest.
Atterley, the online marketplace for fashion independents, has completed a £3m funding round with Maven Capital Partners and has revealed a Q1 sales leap of 200%.
Footfall across UK retail destinations increased by +8.5% in the week of 28 March – 3 April, 2021, compared to the week before, with warmer weather cited as a key factor.
Collapsed fashion chain Peacocks has been saved by a senior executive with backing from an international consortium, it has been announced.
Almost 190,000 jobs have been lost in the retail turmoil since non-essential retailers were first forced to shut their doors a year ago, according to new figures.
ASOS is set to continue its recent stellar spell with a surge in earnings and sales as further lockdown restrictions have kept its shoppers from returning to UK high streets.