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.
The New York-based fashion group has announced that it has secured $42.3 million in excess availability under its revolving credit facility and reported that it anticipates a decrease of 34% in its third-quarter sales.
German sportswear maker Adidas AG said on Monday it is considering strategic options, including a potential sale, for Reebok, 15 years after it bought the U.S.-focused brand to take on archrival Nike on its home turf.
Much of the attention around the bidding for Arcadia's brands has been focused on big names such as Boohoo, Frasers, and Authentic Brands too. But reports suggest as many as 40 parties have registered their interest.
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.
According to a new report from Comprar Acciones, the value of the global activewear market should reach $353.5 billion in 2020, as the segment remains somewhat resistant to the economic impact of the Covid-19 pandemic.
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.