The board of Koovs has decided to place the business into administration after failing to secure additional funding to continue operations. Its founder is expected to acquire the brand and assets out of administration.
H&M has this week announced two initiatives that further its green and ethical credentials as the company continues with its goal of being one of the most ethical/sustainable operating in the fashion retail sector today.
The Hudson’s Bay director who led the committee that negotiated the sale of the company to a group of controlling shareholders said a report by Institutional Shareholder Services criticizing the deal was “misleading.”
The online personal styling service reported a 21% increase in net revenue for the first quarter on Monday and announced the appointment of Elizabeth Spaulding as its new president, effective January 27, 2020.
Widespread predictions of Black Friday/Cyber Monday fatigue have been proved to have been wildly out of touch. And a week on, a new study shows that enthusiasm was high, and online conversion rates continued to rise.
M&S is reportedly planning to downsize the space it controls in around 20 of its largest retail locations with under-used upper floors potentially being converted into offices or even residential space.
John Lewis’s plan to boost menswear has taken a major step forward with the opening of its revamped Oxford Street, London flagship, with a VIP aspect, styling and grooming advice and a new fitting room approach.
UK retailers will see a much-needed spending boost in the three weekends before Christmas as new data from ParcelHero reveals 23% of Britons have left it until December to start shopping in store and online.