Safilo has announced the completion of its acquisition of digitally-native Californian brand Blenders Eyewear, the next step forward in the Italian company’s digital transformation strategy.

Apparel seller Stitch Fix Inc plans to cut jobs in California and invest in other U.S. states where the company would offer new roles to all those affected, Chief Executive Officer Katrina Lake said on Monday. 

On Friday, the eyewear and optics giant announced it launched a €3 billion bond issue for general corporate purposes on Thursday, with an average yield of 0.46%.

The legal action has been brought by US law firms Almadani Law and AI Law, which allege that Boohoo and its subsidiaries PrettyLittleThing and Nasty Gal have engaged in deceptive pricing.

The UK arm of failed Canadian footwear retailer Aldo is now in administration, the filing coming just a few weeks after the Canadian parent company filed for bankruptcy protection.

Reopening is hugely important for every physical retailer, but it's even more so for Primark, which has admitted it's been losing £650 million in sales a month due to lockdowns as it has no webstore to fall back on.

Ted Baker had lots of news on Monday as it released its full-year results, with the retailer also talking about a fundraising and “a detailed strategy and transformation plan for the company”.

The Canadian fashion retailer has announced a 6.3% increase in fourth-quarter sales thanks to a strong performance from its e-commerce business, but anticipates significant declines in the first quarter due to Covid-19.

The outdoor apparel and equipment company has announced a new partnership with The Savory Insititute as part of its efforts to help build a regenerative leather supply chain for the apparel and footwear industry.

Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.  

Australian clothing retailer PAS Group said on Friday it has entered voluntary administration to review its operations, citing tough financial market conditions.

Covent Garden landlord Capital & Counties (Capco) has confirmed it is negotiating a deal to buy a 26.3% interest in Shaftesbury, which owns a large property portfolio in London’s West End.

The funding consists of a £25m revolving credit facility from the government’s Coronavirus Large Business Interruption Loan Scheme and £25m of new notes that will be purchased by a group of current bondholders. 

European e-tailer Zalando has taken a major step forward in driving a more sustainability-focused retail sector post-pandemic, making sustainability assessment mandatory for its private labels and partner brands.

Retailers and fashion firms will find themselves under heavier pressure from August with UK chancellor Rishi Sunak having announced on Friday that employers will have to pay part of the wages of furloughed staff.