Tag Archives: Coronavirus

Unibail-Rodamco-Westfield, owner of Westfield London and Westfield Stratford City, has hailed the end of any “Covid effect” in reporting its full-year results for 2022.

Primark saw total sales grow by 43% year on year to £7.7bn for the 52 weeks to 17 September 2022, citing that normal customer behaviour had resumed after the pandemic.

After a positive post-lockdowns summer trading bubble, the fashion industry is putting up prices and protecting cashflow ahead of a looming UK recession.

Jigsaw’s store closure programme and investment in digital has pushed it back into the black.  

Lower demand for fashion goods as a result of inflation and uncertainty relating to Ukraine has started to drive down freight prices, industry sources have told Drapers.

The UK economy grew by 0.1% month on month in February, driven by a strong rebound in tourism activity.

Retailers are cutting thousands of jobs, as the fallout from the coronavirus pandemic continues. Here is the latest news on fashion retail redundancies.

Next’s CEO Lord Simon Wolfson has outlined three ways in which the retail industry is changing as the world begins to emerge from the coronavirus pandemic.

Revenues at Nike exceeded analysts' expectations in the three months to 28 February, driven by double-digit growth in North America and the acceleration of its direct-to-consumer strategy.

Elizabeth Alibhai, partner at retail specialist law firm RPC, says it is "crucial" that retail tenants with outstanding Covid-19-related arrears plan for how they are going to deal with any debts before new binding arbitration rules come into force on 25 March.