Sales at Stella McCartney fell to £28.4m from £38.6m as the pandemic hit last year. And it saw a pre-tax loss bigger than its sales at £31.4m. But 2020 was also a year of renewal and it said 2021 sales are recovering.
Tory Burch swung to a loss in the UK and Germany in its most recent financial year, and while that year didn't include the pandemic, it said Covid has had an impact and it's impossible to predict this year's outcome.
Value Retail's boss says axing VAT reclaim is wrong and that there's no appetite for the alternative ship-to-home option. Meanwhile, another commentator has accused the government of a misleading consultation process.
Malls giant Hammerson said Monday it has received “a variety of requests for rent deferrals, which we are reviewing on a case-by-case basis” across its properties in the UK, Ireland France and other European countries.
Sophia Webster is opening its first retail outlet pop-up space, with a debut at key outlet destination Bicester Village in the UK, and is also looking at potential sites across the UK for further temporary shops.