Marks & Spencer jumped by 5 percent, while Next and Burberry grew by around 2 percent as news was released that the first batches of the vaccine may be ready by the end of this year.
In the US, where the vaccine is being manufactured, the swings were even bigger, with Macy’s and Calvin Klein growing by 22 percent each, and Ralph Lauren by 20 percent.
There were a few retailers that did not benefit - online-only retailer ASOS dropped by 5 percent on the FTSE 100 and the Lululemon brand fell by a 16 percent in the US – understandable given both have boomed a year when people have been stuck at home online shopping in their leggings.Overall, these are by far the most positive figures the clothing industry has seen in 2020, and indicate that.
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