Accessorize news and archive

Monsoon Accessorize mulls sale as Covid-19 takes toll on trading

Monsoon Accessorize has announced its trading has been “badly affected” by Covid-19 and as a result is mulling a potential sale of the business. The company said it had been trading well up until the impact of the coronavirus pandemic took its toll on the industry, indicating that the Company Voluntary Arrangement (CVA) it launched last year...

Business

Landlords extend a lifeline to Monsoon and Accesorize

New York – Monsoon and Accessorize have received a lifeline from its landlords after creditors backed plans to reduce rents on 135 stores at a meeting earlier this week. The fashion chains proposed a Company Voluntary Arrangement (CVA) in late May to help its ailing finances. In a corporate release issued on Wednesday, Paul Allen, chief...

Retail

Accessorize new social tech boosts online conversion by 65 percent

Accessorize has reported a 65 percent customer conversion rate increase online after switching to a new social technology that allows user generated content (UGC) to be collected from social media platforms and displayed as a gallery on its website. The UK retailer is using Curalate’s Fanreel function, where customers’ images posted on Instagram...

RetailFeatured

Monsoon management to shut down joint Monsoon - Accessorize stores

Media reported over the weekend that British retailer Monsoon Accesorize will close down 141 stores as leases approach expiration – in the coming five years - in a move to decouple the two brands. According to the ‘Guardian’, the retailer has decided to shut down those joint-brand stores, with 141 stores set to be affected. Trying to calm the...