The American fashion group Gap intends to close all of its stores in the U.K. and Ireland in July, in a move that could lead to the loss of hundreds of retail jobs, according to a report in The Times.
Gap has 95 shops in the U.K. alone and is now negotiating with landlords to end its leases, the newspaper said.
The fashion group is exploring becoming solely an online business in Europe, it added.
In 2020, the Russian online market totaled 3.2 trillion rubles (€35.4bn-$43bn), which was 58.5 percent higher compared to the previous year, Russia’s Association of Internet Trade Companies ( AKIT ) estimated. The turnover for domestic platforms doubled, reaching 2.8 trillion rubles (€31bn-$36.7bn). The remainder of the spending went to ...
The British government has accepted, at the European Union’s request, to extend until April 30 the provisional application of the post-Brexit agreement, to give additional time to the European Parliament to ratify the deal. The provisional application of the post-Brexit agreement started on Jan. 1, after the U.K. left ...
The British Prime Minister Boris Johnson announced that non-essential retailing may reopen in England on April 12 after having been closed to prevent the spread of the Covid-19 pandemic. England introduced a third national lockdown on Jan. 4. Johnson said that the vaccination campaign underway in the U.K. ...
Cortina, the Belgian footwear company, is leveraging off its experience dating back to the 1950s in handling the logistics for the shoes it produces. It is now actively marketing these services to third parties under a new brand, Synogix , and with an eye on becoming a logistics partner ...
A hike in sea transportation tariffs is expected to increase prices of Russian footwear imports in the next few months, with cheaper shoes being most affected by the additional expense. At the end of 2020, the average tariffs for sea freight from China to Russia jumped from $1,500 to ...
The impact of Brexit on trade is “considerably worse” than expected, Peter Cowgill , chairman of JD Sports Fashion told the BBC ’s World at One program. He said that red tape and shipment delays to the European single market have resulted in “double-digit millions” in additional costs. ...
