The year to the end of March was a tough one for luxury menswear brand Hackett as turnover fell 39.2% as a result of the pandemic. Bespoke tailoring and RTW formalwear were off the agenda for many consumers.
Hackett was hurt by the pandemic at the tail end of its year to the end of March 2020 and saw sales falling and wider losses. But the firm is continuing to focus on its strategic drive to boost e-tail sales.
Spanish artificial intelligence retail specialist Nextail has been a named a 2020 Technology Pioneer by the World Economic Forum for its “contribution towards driving responsible models of consumption”.