While most business leaders want to avoid a no-deal departure, continued uncertainty is not much better. With the cliff edge looming, and the prospect of another one in three months if the EU grants Parliament’s request for a further delay, collateral damage is mounting.
Forever 21 Inc. filed for bankruptcy, joining the growing list of fashion retailers felled by heavy competition, high rents and the defection of shoppers to online outlets.
Fashion rental service Rent the Runway is refunding and giving out extra cash to disgruntled customers even as it warned that the service disruptions that have plagued the startup for weeks are likely to continue.
Nordstrom Inc. is trying a creative new approach for getting busy New York City shoppers in its doors: letting them return things they bought online — from other retailers.
A switch to World Trade Organization rules along with tighter controls on international shipping have the potential to hamstring the U.K. industry, the British Fashion Council said.
Conditions for the cotton crop in the U.S., the world’s biggest exporter, are deteriorating as dry weather erodes planting prospects in Texas, the top state grower.