U.S. retail sales increased less than expected in October and could slow further, restrained by new Covid-19 cases and declining household income as millions of unemployed Americans lose government financial support.
The latest English lockdown has seen consumers reverting to some of their e-shopping habits of earlier in the year and on Tuesday, a report said that online sales soared 61% in the first week of November.
The owner of brands including Umbro, Lee Cooper and Ecko Unltd reported Q3 net income of $45.7 million on Monday, swinging back into profit despite the negative impact of the Covid-19 pandemic on its revenues.
As part of the deal, Ralph Lauren will outfit all on-court officials at the 2021 Australian Open, including the AO ballkids and chair umpires, in a specially-designed collection of apparel and accessories.
An in-depth look at how Covid-19 has amplified the importance of financial resources for the fashion and luxury sector, amidst share buybacks, green bonds, state funding, recapitalisations and calls to investors.
THG is continuing its drive to grow its Ingenuity service and on Monday announced new Ingenuity deals with fashion and beauty labels. It’s partnering with Lulu Guinness, Orlebar Brown and beauty firm BWX.