H&M's sales were running only 3% down this autumn until the latest wave of lockdowns forced its stores to close again. But its figures for Q4 and the full year show it's managing fairly well in a tough year.
Frasers Group was reportedly racing to try to do a deal on Debenhams at the weekend, but reports also suggested that US-based Barneys owner Authentic Brands has both Debenhams and Arcadia in its sights.
As if UK retailers didn’t have enough to contend with, there are warnings that current gridlocks at container ports and packed Channel crossings are expected to get worse in the run-up to Christmas and beyond.
H&M Group has soft-launched an interesting new venture with Singular Society, a first-of-its-kind members brand that gives those who sign up “access to uncompromised life essentials at the price they cost to make”.
Fashion retailer French Connection on Friday announced a new funding package to specifically help its US business. And it also said that trading is tough as lockdowns have dented sales, but e-tail is stronger.
The pandemic is hurting festive season shopping with new figures showing most international consumers have done less than usual. But it also showed an interest in buying fashion and in returning to stores.
Frasers Group saw lower sales in its first half, as would be expected given that most of its stores were closed for part of the period. But the fall was relatively small and the company’s profits rose.
Pantone has named its new Color of the Year and has selected two with Ultimate Gray and Illuminating being “a marriage of colour, conveying a message of strength and hopefulness that is both enduring and uplifting”.