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Moss Bros

Retail sales and margins up at Moss Bros, while hire shows ‘positive growth’

Sales at menswear group Moss Bros grew 6.4% in the 15 weeks to May 16, with like-for-likes up 7.4%, underpinned by the strong performance of its retail business.

Mitch Hughes

Buying boss leaves Matalan after 10 years

Matalan’s buying director Mitch Hughes has left the business after 10 years, Drapers understands.

John Lewis

Menswear drives John Lewis fashion sales up 1.8%

Menswear and sportswear had another strong week at John Lewis, with sales up 11.7% in the period to May 16.

Scotch & Soda The Story of Things

Video: Scotch & Soda presents 'The Story of Things'

In the first of a series of four films, Scotch & Soda tells the story of the brand’s DNA.

Merci Paris

French multi-brand store Merci eyes London's King's Cross

French multi-brand store Merci is on the brink of signing a deal to open its debut UK shop in the central development of London’s King’s Cross, Drapers understands.

A Number of Names flagship store

Image gallery: A Number of Names to open London store

Streetwear agency A Number of Names will open a flagship store in London’s Soho on Saturday stocking brands including Bedwin & The Heartbreakers and Billionaire Boys Club, as well as its own brand Anon products.

Missing the Target: the US retail giant recently had 70 million customers’ credit card details stolen following a data security breach

Cashless payments overtake cash for the first time

Cashless payments have overtaken notes and coins for the first time in the UK, reflecting the growing trend towards using automated payment methods, credit and debit cards.

USC cropped fascia

USC to open Worcester store

USC is to open a new 5,500 sq ft store in the Crowngate shopping centre, Worcester, with dedicated areas for footwear and denim.

Romeo Beckham Burberry

Burberry preaches caution for 2015 despite profit rise

Burberry’s underlying pre-tax profit rose 7% to £456m during the year to March 31, but the British heritage brand warned of increasing uncertainty in some of its markets.

Eric Musgrave on M&S's full-year results

Drapers Talks: M&S full-year results

Drapers editorial director Eric Musgrave discusses Marks & Spencers’ full-year results which saw like-for-like general merchandise sales drop by 3.1% for the year to March 31.

Marks & Spencer, Trafford Centre

M&S full year results: analyst reaction

Following the announcement that Marks & Spencer reported a 6.1% increase in underlying profit before tax but clothing and general merchandise like-for-like sales fell 3.1%, for the year to March 31, retail analysts give Drapers their reaction.

Marks & Spencer Collezione

M&S menswear line Collezione's future in doubt

Marks & Spencer’s men’s formalwear brand Collezione is under review and could be axed, Drapers understands.

CollectPlus

Mall shopping centres rollout CollectPlus points

Shopping centre owner Capital & Regional has partnered with CollectPlus to launch click-and-collect services across its six Mall-branded schemes and two joint venture schemes.

Victoria Beckham Denim

Victoria Beckham merges denim into Victoria line

Victoria Beckham is merging her Denim collection into the Victoria diffusion line from the pre-spring 16 season onwards.

Next

Next loses £22.4m tax avoidance case

Next has been found guilty of using a tax avoidance scheme known as a rate-booster in an attempt to artificially generate £22.4m of tax relief.

Small footprint: Zalando’s UK business makes up just 1% of the etailer’s total sales

Zalando acquires minority stake in UK tech business Anatwine

German etailer Zalando has acquired a 20% stake in UK technology start-up Anatwine for a seven-figure sum.

Shoon

Suppliers approve Shoon CVA

Brands and landlords have approved footwear retailer Shoon’s company voluntary arrangement, saving the business from falling into administration.

UKFT 2015

UKFT award winners revealed

Men’s tie and tailoring brand Drake’s, premium womenswear brand Teatum Jones and luxury London boutique Browns were among the winners at the UK Fashion & Textiles Awards 2015 last night (May 21).

Mothercare

Mothercare UK sales rise as margins stabilise

Mothercare has increased its UK like-for-like sales by 2%, as total domestic sales rise by 0.9% to £458.1m resulting in a loss of £18m for the full year to March 28.

March Street Mills in Peebles

Moorbrook Textiles seeks buyer for Robert Noble and Replin Fabrics

Scottish textile group Moorbrook Textiles is seeking a buyer for two of its loss-making textile brands Robert Noble and Replin Fabrics and has warned of the possible closure of its March Street Mills site in Peebles.

High Street

Fashion and footwear sales reach five-year high

Fashion, footwear and textiles sales grew by 8.7% in April against the same month last year, which was the largest year-on-year increase since February 2010.

Rachel Riley

Rachel Riley appoints first UK agent to grow wholesale

Kidswear label Rachel Riley has appointed its first UK agent as it looks to grow its wholesale presence.

Marks & Spencer

Profits rise at Marks & Spencer but fashion sales fall

Marks & Spencer has reported a 6.1% increase in underlying profit before tax to £661.2m for the year to March 31, but clothing and general merchandise like-for-like sales fell 3.1%.

Peacocks

Value fashion begins to feel the pinch

The risk of deflation together with increased competition in the market may spell trouble for value fashion retailers, industry observers have warned.

TK Maxx

TK Maxx owner cashes in on bargain-hungry shoppers

TJX Companies, the US owner of TK Maxx, reported a 6% rise in sales to $6.9bn (£4.5bn) for the three months to May 2 as consumer demand for discounted products increased.

Marc Bolland

‘Not good enough’ says Bolland as clothing sales fall at M&S

Marks & Spencer chief executive Marc Bolland has admitted its clothing and general merchandise sales for the year to March 31 were “not good enough”, but vowed to continue the turnaround seen in the fourth quarter.

Jack Wills

Jack Wills suffers staff exodus due to alleged lack of direction

Around 15 directors, heads of department and managers are understood to have left Jack Wills over the last six months, amid concerns over the direction of the preppy young fashion retailer.

Schuh

Schuh staff to share £25m payout after hitting targets

Footwear retailer Schuh will share a £25m payout among almost 3,500 employees after a successful last few years, as profits reached £11.5m for the year to February 1, 2015.

Siobhan Murray joins Panache

Panache poaches Spanx for UK sales role

Lingerie brand Panache has appointed Siobhan Murray as UK sales executive for the Southeast, replacing Frances Arscott who held the role of territory sales executive.

Sajid Javid

Government to help small firms tackle late payments

The new business secretary Sajid Javid will today announce the creation of a Small Business Conciliation Service to help settle disputes between small and large businesses, particularly relating to late payment practices.

Job of the week

MARK / GIUSTI

Luxury Wholesales Manager

Competitive

Jobs

Concession Manager

competitive + benefit + commission

Store Manager

£18000 - £22000 per annum + Benefits & Bonus

Area Manager

Competitve + bonus + benefits

Assistant Manager

competitive + comission

Area Manager

£55000 - £65000 per annum + benefits

Junior Merchandiser - Beauty

£35000 - £40000 per annum

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