The headline news may have been about John Lewis's pre-tax loss of £517m in the year to January. But more newsworthy was that it said “we do not expect to reopen all our John Lewis shops at the end of lockdown”.
Retail giant Inditex hasn’t come out of the pandemic year unscathed. But the strength of its business model appears to have carried it through so far and its performance since its fiscal year ended has been encouraging
It took the pandemic to shift all sales operations online. So clothing, lifestyle and accessories retailer Skinnydip London introduced automated merchandising and A/B testing technology to boost its digital operations.
Priced from $3 to $150 with most items under $25, the collection includes home items like tableware, quilts and pillows, pet apparel and accessories, as well as apparel like Levi's trucker jackets and sleepwear.
Boohoo on Monday confirmed that it has bought the Debenhams brand for £55m. It will use it to move into beauty and homewares, extend its own brand offering, operate a giant online marketplace and grow internationally.
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”.
As many global consumers continue to be confined to their homes and want to make those environments as comfortable as possible, H&M’s Home unit has announced a collab with US fashion designer Diane von Fürstenberg.
The Laura Ashley banner is set to return to the UK high street next year in a surprise new partnership with Next. But before its fashion followers raise a cheer, the deal doesn’t include the brand’s clothing.
Next has taken a giant new step forward in its business development with its first two premium beauty halls. The new stores have opened in former Debenhams sites at Intu Watford and Intu Milton Keynes.