Ted Baker’s trading update on Tuesday showed just how hard the company has been hit by the lockdown and its aftermath as revenue plummeted 55%, even though it described its performance as “resilient”.
Harvey Nichols is the third big name in just a couple of days to be mulling job cuts in the near future. The company is looking at removing roles from all of its stores, although it's trying to minimise the impact.
New LovetheSales.com analysis of e-shopper demand shows a hunger for luxury investment pieces as well as high street fashion for the looming day when consumers will be able to restart their social lives.
Ted Baker announced the results of its share placing on Thursday and while the firm’s shares have seen their values steadily falling for a number of years, it proved popular as all the new shares were sold.
YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.