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Anything goes in post-lockdown fashion

The shops are open again, so what should you buy? Jan Shure has some advice

June 15, 2020 13:31
Overlong cream jacket,
was £79, now £47.20,
Autograph, M&S

By

3 min read

As we know, the fashion industry has been decimated by Covid- 19. Brands at every price point are desperate to shift unsold stock resulting in alluring discounts on websites from High Street to High End. Fashion has been one of the hardest hit sectors of retail, confirms retail consultant Richard Hyman.

“Some lucky brands have been able to fall back on their websites to shift some stock but others have had to simply sit and wait,” he says. ‘‘This means there is a mountain of unsold stock that needs converting into cash.”

Hyman believes that “a few really strong players” might be able to put some stock aside for next year but the rest “will resort to discounting. While price promotions may have been commonplace before, we are about to see an almost permanent Black Friday once stores begin to open in a few days.”

Websites such as Net-a-Porter’s sister site, The Outnet (www.theoutnet.com) and Matches (matchesfashion.com) already have reductions of up to 70 per cent off some merchandise; MyTheresa (www.MyTheresa.com) has many items reduced by 40 per cent while retailers such as M&S, John Lewis, Debenhams and Boden are already offering between 20 per cent and 70 per cent off many summer lines on their websites.

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