Well known for its mismatched sneakers, the Caval brand has announced the June launch of a new unisex collection made of apple leather, a recycled substitute for traditional leather that is also vegan.

Fashion may have struggled to gain traction with cautious consumers during the UK lockdown but one key group has been buying enthusiastically — students.

In a letter sent to staff, CEO Mike Ashley said that stores could start to reopen from 1 June and revealed that most employees will continue to receive 100% of their pay during May.

Fast Retailing said on Friday that it’s pulling its GU chain out of the South Korean market later this summer. It will close all three of its GU stores in the country, less than two years after it opened there.

Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. Over 1,000 jobs will be affected, owner Wesfarmers said.

The Moss Bros takeover saga is continuing with its now-unwilling suitor saying it will appeal against a ruling telling it the deal must go ahead.

The Goleta, California-based footwear, accessories and apparel company announced declines in its fourth-quarter sales and earnings on Thursday, a disappointing conclusion to an otherwise strong year.

The digital-first fashion rental service is reportedly seeking $25 million in its latest funding round, which would see the company valued at approximately $750 million, under a previous valuation of $1 billion.

Brands such as Lululemon are gradually starting to welcome guests back to select locations, as well as major retailers and malls, including TJX and The Outlets at Tejon, in California. 

Struggling footwear giant Clarks is to cut around 900 office jobs as the 195-year-old retailer tries to revitalise a business that has been struggling for some time.

M&S has named a new e-tail head as it works on a £1bn recovery plan that involves ramping up its e-tail operations, selling clothing via Ocado and adding third-party brands to its webstore and physical shops.

French brand IKKS has found a successor for former CEO Pierre-André Cauche. Ludovic Manzon steps into the role after having been CEO of lingerie brand Sloggi since 2016.

Ted Baker has seen plenty of change at the top lately and it’s not slowing down just yet. On Wednesday the company said that Anthony Cuthbertson is to join as its new global creative director.

Benetton Group’s Sisley brand has this week unveiled its renovated store in Via XX Settembre, in the heart of Treviso, Italy. It was designed by architect Tobia Scarpa.

Moss Bros’s reluctant suitor, Brigadier Acquisition Company, has been told by the UK’s Takeover Panel that it can't walk away from its £22.6 million bid for the menswear company.

M&S has plans to hibernate some of its SS20 stock as it reveals a big sales hit due to the pandemic. But the firm is upbeat and says Clothing & Home is progressing, even though fashion retail will change post-crisis.