Pentagram was tasked with creating a new “timeless” logo to appear on the store front, packaging and website. The new design retains the brand's purple, but the gold has been refined to enhance the new typeface.
Fat Face is on the verge of being taken over by its lenders, that include banks and debt funds, in a debt-for-equity swap designed to drastically reduce the firm’s borrowings and help it weather the coronavirus storm.
The jewelry retailer reported a 40.5% decline in sales in the first quarter on Tuesday and announced that it is planning to shutter 380 stores in line with a strategy to pivot towards a more digitally focused model.
The LA-based fashion retailer announced a 51.5% decrease in net revenue for the first quarter on Wednesday and predicted a “similar” decline for Q2, sending shares in the company down almost 12% in premarket trading.
Zara owner Inditex booked its first loss as the coronavirus crisis forced it to shut most shops but its shares rose after it unveiled a 2.7 billion euro plan to accelerate its focus on large stores and online sales.
Adidas has pledged to invest $20 million in the black community in the United States and make sure that at least 30% of all new U.S. jobs are filled with black and Latino people at its Adidas and Reebok brands.
The value of London landlord Shaftesbury’s property portfolio slumped by 7.9% to £3.5 billion during the first half of the 2020 financial year, as Covid-19 hurt its ability to collect rent from hard-hit retailers.
GlobalData’s weekly Covid-19 tracker that looks at 11 countries, said many consumers are spending more time on social media and it thinks that’s unlikely to change any time soon, making it a key marketing focus.
Inditex made its first ever net loss in Q1 as the pandemic hit it hard. But the firm has been busy during the lockdowns and its updated strategy will see it emerging as an even stronger omnichannel operation.
Quiz has appointed administrators for its standalone store ops, but will buy back the business and renegotiate rents. It means exiting some stores and its Spanish shops will no longer be under its control.