Aspinal of London has filed its accounts for the year to the end of March 2020 and they show how tough the climate was becoming even pre-pandemic. But it also said 2021 is a key year as it heads towards profitability.
The H&M Home x Diane von Furstenberg collection launches next week featuring the “bold prints that von Furstenberg is renowned for, such as zebra and leopard, a kissable lip pattern and abstract signature lettering”.
There has been widespread condemnation of the UK government’s interim review of business rates with disappointed retail bosses saying the report offers nothing new, especially on the introduction of an online sales tax.
The UK’s retail sales fall was worse than expected last month, official figures showed on Friday. And the Office for National Statistics called out clothing stores as the key sector that saw “strong declines”.
If customers can’t come to the store, why not dial up the online performance? That’s what Tommy Hilfiger’s flagship Regent Street, London, store has done with the introduction of a virtual shopping service.
M&S has confirmed that it has bought the Jaeger brand, which had been part of Philip Day’s fashion retail empire. But while the firm is taking over the brand, it’s not buying the label’s store chain and its concessions.
Activity around the break-up of the Arcadia fashion retail empire is continuing and while the sale of Evans is the only firm development so far, it has emerged that the heavily mortgaged Topshop flagship is up for sale.