fashion | Common News Update

Feb252021 by adminNo Comments

Primark bets on last year’s fashion for April reopening

Business

Getty ImagesPrimark owner Associated British Foods says it hopes to offload millions of pounds worth of clothing stock when its shops reopen in England on 12 April.The High Street giant does not offer online sales and says it expects to have lost £1.1bn in sales due to the latest lockdown closures.It plans to sell more than £400m of last year's stock to help plug the gap.Primark said its 153 stores would reopen in England on 12 April, and in Scotland on 26 April.Unlike rivals, the retailer had no online operation to shift stock when stores were closed during lockdowns.But Primark is not set up to sell online, and has said the costs involved in distribution and sales online would mean price rises for customers. Primark's £1.1bn sales drop contrasts with online only fashion retailers such a...

Dec302020 by adminNo Comments

Pioneering fashion designer Pierre Cardin dies aged 98

Entertainment

Fashion designer Pierre Cardin has died at the age of 98, according to France's Fine Arts Academy.The French star, who was born in Italy, was known for his avant-garde style and futuristic designs in the 1960s and 70s. He first worked at couture houses before launching his own brand and pioneering the use of licensing in fashion.He put his label's name on different products, including perfumes and cosmetics as well as cigarette cases and baseball caps.The Beatles famously wore his collarless suits, designed without lapels and buttons done up to the top. A...

Sep262020 by adminNo Comments

Mid-range phones catch Indians’ fancy now, fashion and lifestyle not so much

Finance

NEW DELHI: Sales of mid-range mobile phones priced over Rs 15,000 on ecommerce platforms doubled in the May-August period from pre-Covid-19 levels on account of new launches, while fashion and lifestyle products slumped 53% in August, according to market research firm Nielsen. In the fashion category, products priced at less than Rs 500 accounted for 40% of the orders, down from Rs 1,000 earlier, as shoppers cut spending, Nielsen said. There was a 26% increase in sales of electronics and home appliances through ecommerce channels in the months from May to August, as the economy opened up, compared with the pre-Covid-19 period of December to February. Overall ecommerce sales in August stood at 71% of the pre-Covid-19 level, Nielsen said. Consumers were cautious and generally scouted for dea...

Apr302020 by adminNo Comments

Coronavirus: Why the fashion industry faces an ‘existential crisis’

Entertainment

Normally, at this time of year, many of us would be curating our perfect summer wardrobe as we prepare for sunny weather and foreign holidays. Instead, clothing sales plummeted by 34% in March as much of the world's population is currently unable to travel abroad or even socialise amid lockdown restrictions."No-one wants to buy clothes to sit at home in," as Next's chief executive Simon Wolfson put it last month.The fashion industry has been negatively impacted by the coronavirus outbreak on every imaginable level; production has ceased, retailers have closed, demand has plummeted. "It has led to a real existential crisis for the fashion industry," says Imran Amed, the founder and CEO of The Business of Fashion, a leading industr...

Nov222019 by adminNo Comments

M&S focuses on Price to accelerate fashion revival

Business

Mark and Spencer (M&S) has lured its former menswear boss Richard Price back to "accelerate" the turnaround in its troubled clothing and homes arm.The food-to-fashion retailer made the announcement after the sacking of Jill McDonald in July amid grumblings over continued struggles for the division. M&S chief executive Steve Rowe took personal charge of the department pending the appointment of a successor. Image: Jill McDonald joined M&S from Halfords in October 2017 and was fired last summer. Pic: M&S Mr Price, who left M&S for BHS in 2012, is due to start work next year and currently heads Tesco's F&F clothing line.He said of his appointment: "Marks & Spencer Clothing & Home is a great business which ...