John Lewis will post its annual results next week and analysts are expecting a return to profit of at least £100 million. It's also working with suppliers to “review products that have components of Russian origin”.
Mango is following in the footsteps of Nike, H&M and others and halting its ops in Russian, where it has 120 stores (65 of them franchises). But Inditex and Tendam haven't yet announced a halt to their activity.
In its introduction to the metaverse, fast-fashion retailer Boohoo is teaming up with its former fashion ambassador Paris Hilton to advertise on her virtual Fashion Week platform in Paris World which opened Friday.
Next and Boohoo Group are making major moves in the own-brand affordable beauty arena and that makes good commercial sense, GlobalData said this week, as it predicted the online market will be worth £6.6bn by 2025.
The beauty universe continues to expand rapidly. Following recent product launches and extensions by major fashion retailers Next and Boohoo, it’s now the turn of The Very Group to trumpet its growth in the sector.