Frasers Group saw lower sales in its first half, as would be expected given that most of its stores were closed for part of the period. But the fall was relatively small and the company’s profits rose.
Playtime, the trade show dedicated to the world of children, has cancelled the winter editions due to be held in Paris, New York and Shanghai. Organiser Picaflor emphasised however that Playtime continues online.
As it seeks to exit bankruptcy, the Mahwah, New Jersey-based fashion retail group has announced plans to sell its Ann Taylor, Loft, Lane Bryant and Lou & Grey brands to an affiliate of Sycamore Partners.
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
Premium online fashion platform Cudoni has secured £4.6 million backing from key international investors, claiming the amount is the largest ever raised for investment within a UK fashion resale business.