End-of-year flurry of people movesSubscription
The fashion retail people moves merry-go-round seems to be taking a high-powered spin in the last weeks of the year. Here are this week’s movers and shakers
Consumer spend still stagnant Subscription
Fashion spend declined 0.59% this week, as retailers pin their hopes on a last-minute Christmas shopping flurry.
Online returns to hit £5.6bnSubscription
The value of online returns is to jump 27.3% over the next five years to £5.6bn, fuelled by clothing and footwear, new research has found.
Moda Operandi appoints new buying boss Subscription
Luxury online retailer Moda Operandi has appointed Puja Clarke as senior vice-president of fashion buying and ecommerce.
Laura Ashley chair retires Subscription
Malaysian businessman Tan Sri Dr Khoo has retired from his roles as chairman and director of Laura Ashley after almost two decades at the business.
Hobbs chief executive Meg Lustman is stepping down from her role in January, Drapers can exclusively reveal.
Losses widen at Cath KidstonSubscription
Lifestyle retailer Cath Kidston has posted a £10.5m EBITDA loss for the year to 25 March 2018, blaming cost pressures and a weakened sterling for the fall.
Fashion hit by £1.6bn peak returns impactSubscription
Fashion retailers in the UK are set to be hit by a £1.6bn impact on margins over the peak trading period, as customer returns spike in the wake of Black Friday.
Debenhams rejects £40m loan from Mike Ashley Subscription
Debenhams has rejected a £40m loan offered by Sports Direct owner Mike Ashley to help the struggling department store.