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British Land loss widens as retail rents trickle in and valuations fall

British Land loss widens as retail rents trickle in and valuations fall

UK property giant British Land said on Wednesday that it has collected less than half the rent due on its retail properties and that its retail portfolio’s valuation has fallen by more than 26%.
Fashion
Boohoo hits back as short-seller drives share price lower over cash flow claims

Boohoo hits back as short-seller drives share price lower over cash flow claims

Boohoo has defended its accounting process after its share price plummeted on Tuesday following claims by a ‘short-seller’ that the cash flow going through its books wasn't as high as it said.
Fashion
Morrisons to open first standalone Nutmeg fashion and homewares store

Morrisons to open first standalone Nutmeg fashion and homewares store

Ssupermarkets have come out as the retail winners from the coronavirus crisis. They’re now looking to the post-lockdown period and Morrisons will use the opportunity to boost sales of its Nutmeg fashion and home label.
Fashion
Hammerson CEO to step down next year at the latest

Hammerson CEO to step down next year at the latest

Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.
Fashion
Frasers exec slams government, says reopening delay could ruin some retailers

Frasers exec slams government, says reopening delay could ruin some retailers

Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.
Fashion
Shopping malls group Klepierre re-opens 80% of European malls

Shopping malls group Klepierre re-opens 80% of European malls

Klepierre has re-opened 80% of its European malls and hopes to re-open 90% of them within 10 days, the company said on Tuesday, as global businesses slowly return to work after the coronavirus shutdown.
Fashion
Norwegian sports retailer XXL brings back staff as sales rebound

Norwegian sports retailer XXL brings back staff as sales rebound

Nordic sporting goods retailer XXL is bringing back its furloughed employees in Norway and Finland as demand rebounds after the coronavirus downturn that began in March, the Oslo-listed company said on Tuesday. 
Fashion
Brazil's Centauro prepares share offer worth up to $173 million

Brazil's Centauro prepares share offer worth up to $173 million

Brazilian sports good retailer Centauro will sell 25 million shares in an offering to raise money to finance acquisitions, a securities filing showed on Tuesday.
Fashion
Tommy Hilfiger hosts first livestream shopping event

Tommy Hilfiger hosts first livestream shopping event

The iconic American fashion brand held its debut livestream shopping experience in Europe and North America on Tuesday, the next step in the label’s ever-evolving see-now-buy-now approach.
Fashion
Amazon reportedly in advanced talks to buy self-driving startup Zoox

Amazon reportedly in advanced talks to buy self-driving startup Zoox

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on Tuesday.
Fashion
Lacoste names new North American and Latin American CEOs

Lacoste names new North American and Latin American CEOs

Both Robert Aldrich and Pedro Zannoni will report to Jean-Louis Delamarre, executive vice president, global markets and distribution.
Fashion
Rag & Bone gets online boost with new technology investment

Rag & Bone gets online boost with new technology investment

New York-based luxury fashion brand Rag & Bone is investing in its direct-to-consumer strategy with a new technology investment.
Fashion
UK retailer Next to re-open 25 stores on June 15

UK retailer Next to re-open 25 stores on June 15

British clothing retailer Next will re-open 25 stores on June 15 as the country's coronavirus restrictions ease, it said on Tuesday.
Fashion
Macy's announces $1 billion bond offering to repay credit facility

Macy's announces $1 billion bond offering to repay credit facility

Macy's Inc said on Tuesday it planned to raise $1.1 billion (£893.36 million) in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility.
Fashion
UK retailers report widespread cashflow difficulties - CBI

UK retailers report widespread cashflow difficulties - CBI

Eight out of 10 British retailers reported cash flow difficulties this month as sales dropped sharply again during the coronavirus lockdown, an industry survey showed on Tuesday.
Fashion
Thrift+ receives £950k investment

Thrift+ receives £950k investment

The online charity retailer has secured a £950k impact investment from a group of angel investors to further develop its on-demand clothing donation service.
Fashion