Tory Burch swung to a loss in the UK and Germany in its most recent financial year, and while that year didn't include the pandemic, it said Covid has had an impact and it's impossible to predict this year's outcome.
A new report said there could be some comfort for UK fashion from Covid and Brexit as their impact combines with growing consumer interest in green issues to encourage retailers to manufacture in Britain.
London stocks inched higher on Friday as upbeat retail sales data, the prospect of easing coronavirus restrictions and hopes for a vaccine set the benchmark indexes on course for their third straight week of gains.
Inflation picked up by a little more than expected in October as the Covid-19 pandemic continued to affect the cost of goods, with clothing and food prices rising during the month, official data showed on Wednesday.
Already facing one of the toughest Christmas trading periods in modern times, UK retail now has to contend with the prospect of product shortages with goods being held up at a major port ahead of the seasonal onslaught.
Britain's Competition and Market Authority said it may appeal a judgement which found the regulator did not gather enough information about the impact of the coronavirus when assessing JD Sports' takeover of Footasylum.