Casual wear giant Uniqlo will suspend operations in Russia, parent company Fast Retailing said Thursday, days after its president defended staying open in the country following Moscow's invasion of Ukraine.
The Gap brand is set to make its physical comeback in the UK next week. The US casualwear label will open a concession at the newly refurbished Next Oxford Street London flagship store on 14 March.
Frasers Group has been on a full-speed setting of late. Having just bought Studio Retail, upped its stake in Hugo Boss and opened a Flannels flagship in Preston, its luxury fashion banner is again a focus of attention.
Spanish fashion brand Desigual has closed its London flagship store on Regent Street, bringing an end to its association with one of the UK capital’s prime retail locations.
Spanish giant Mango has announced a €67 million profit for 2021, tripling its pre-pandemic €21 million earnings as it closed its year “in the best financial situation of the last decade”.
Hugo Boss has issued its final 2021 figures with group sales up 43% to €2.786bn, back to pre-pandemic levels. It was upbeat on the outlook too and said its first new-concept global anchor store opens in London in Q2.
U.S. footwear majors Skechers and Crocs announced on Wednesday plans to boycott Russia, as the duo temporarily halt shipments to the eastern European nation, following its war on the Ukraine.
The Spanish bridal wear label, which has a direct presence in Moscow, has stated it is suspending business operations in the country, while pledging it will fulfil all orders placed before the start of the conflict.
There was big news for Manchester’s Trafford Centre mall this week with UK fashion, beauty and home retail giant Next signing a 10-year lease to open an all-new 65,000 sq ft store in November.
UK retail is increasingly returning to normal — or at least the ‘new normal’ — as the pandemic recedes. But while online activity appears to be virtually back to recognisable levels, physical retail is still challenged.
Ugg is riding a powerful trend wave at present and sneaker and collectibles business StockX said that the brand is seeing a huge resurgence that’s driving activity on its platform.
More info has been released from a new Colliers report on central London retail and it shows that as far as space development is concerned, units housing global brands have been less affected by vacancies than others.
Ted Baker has unveiled a brand new website after linking up with open SaaS e-commerce platform BigCommerce as it works to boost its online sales both at home and abroad.
U.S. apparel major PVH Corp. announced on Monday it has temporarily ceased operations in Russia and Belarus, effective immediately, as a result of the war in Ukraine, joining other big name firms including L'Oreal.
Italian luxury group Salvatore Ferragamo has a very small exposure to Russia, accounting for less than 1% of sales, finance chief Alessandro Corsi said on Tuesday.
