April 12 sees the opening of McArthurGlen’s latest outlet centre with the debut of the £160m Designer Outlet West Midlands. The company said it’s the only standalone shopping centre to open in the UK this year.
Otrium, an online outlet store for fashion brands, said on Wednesday it had raised $120 million from investors as it launches in the US and develops its platform for trading items left unsold at the end of the season.
In a surprise move, one of the UK's most successful fashion retail giants, Next, said it would be buying a minority stake in one of the most respected mid-sized names, Reiss. And it could take a majority stake as well.
Canada Goose beat estimates for quarterly revenue and profit on Thursday, boosted by a surge in online sales and increased demand for its luxury parkas in China, sending the company’s U.S-listed shares up nearly 21%.
With the UK back in lockdown, its fashion shopping choices continue to be coloured by social restrictions and working from home. New figures from LovetheSales show that stay-at-home clothing is still striking a chord.
Outlet malls giant McArthurGlen has promoted Nick Brady to its top leasing role. He'll oversee all brand acquisition and asset management for its 25 designer outlets in 10 countries across Europe and in Canada.