British womenswear retailer Long Tall Sally has been acquired by AK Retail Holdings, the owner of womenswear brand Yours Clothing. Long Tall Sally, which specialises in clothing for tall women, announced back in June that it would cease trading after 44 years citing the “very sudden and very profound […]

Laura Ashley has reportedly called in real estate firm Avison Young to market its manufacturing and distribution facilities on behalf of its joint administrators PwC. The British fashion retailer’s portfolio comprises six properties. Avison Young is actively inviting interest for the locations as a […]

Danish jewellery brand Pandora has reported a resilience during the coronavirus pandemic, stating that it has been encouraged by its sales recovery since April, helped by its continued restructuring as part of its brand relaunch. Sales recovery during Q2 led to -39 percent sell-out growth, which was […]

Marks & Spencer has announced it is going to be eliminating 7,000 roles over the next three months. The decision to further streamline the business is due to the effects of Covid-19 as Clothing & Home sales are well below last year with total revenue down by 38.5 percent in the last 13 weeks. Since […]

Shopping mall operator and owner of Westfield London, Unibail-Rodamco-Westfield (URW), has responded to “market rumours” about a potential rights issue. A report last week by Bloomberg suggested the company was looking to raise 3.5 billion dollars (2.67 billion pounds) in fresh equity. The company's […]

For those who remember the affordable glory days of Payless, the company has officially made a comeback. Payless emerged from bankruptcy in January, and has relaunched with an ecommerce store. It's first brick-and-mortar is set to open in Miami this fall. Miami is also home to the company's new headquarters. […]

ANALYSIS New York –In a matter of weeks, a leading commercial property firm, Simon Property Group, and a multi-brand apparel conglomerate, Authentic Brands, have joined forces and snapped two ailing apparel brands, with the industry anticipating a third one following suit in the next month. Are we facing […], Inc. announcing its unaudited financial results for the three months, said net revenues for the second quarter were 201.1 billion Chinese yuan (128.5 billion dollars), an increase of 33.8 percent from the second quarter of 2019. Net revenues from the sales of general merchandise products, the […]

Midlands-based sports fitness and apparel brand Gymshark has secured investment from private equity firm General Atlantic in a deal that values the company at more than 1 billion pounds. Gymshark said in a statement that the strategic partnership with General Atlantic would allow the brand to “turbo-charge” […]

What if we considered the coronavirus lockdown as retail’s ‘ramp up’ period – accelerating the process of change that ‘new retail’ and omnichannel have long promised, but been slow to deliver? Retail industry experts around the world concur that nothing will be the same again. However, there’s broad […]

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