Drapers Talks: Mid-season Sales and the Drapers Footwear AwardsVideoSubscription
Drapers’ news editor Kirsty McGregor talks to senior news reporter Jill Geoghegan about the impact of more intense discounting on the high street this summer and the results of last night’s Drapers Footwear Awards.
‘Tough’ trading at John Lewis as sales drop 3.4%Subscription
John Lewis described the week to August 29 as “difficult” as warm weather and a late bank holiday led to “tough trading” and a 3.4% drop in sales to £81.73m.
California-based denim brand Adriano Goldschmied (AG) is to launch a womenswear capsule collection with British model Alexa Chung.
Amazon installs collection lockers in office blocks Subscription
Amazon has installed collection lockers in office blocks in London as it seeks to make deliveries more convenient.
Amazon net sales grow 23%Subscription
Amazon net sales increased 23% to $35.7bn (£27.7bn) in the first quarter, while net income jumped from $513m (£397m) to $724m (£561m) during the period.
Animal stalks new indie stockistsSubscription
Boardsports brand Animal is looking to expand its independent stockists and reduce its product range under its new chief executive.
Aquascutum is to open a new store on London’s Brompton Road in mid-December.
Sir Philip Green is drawing up restructuring plans to save his ailing Arcadia Group empire, but industry insiders have told Drapers the business is not sustainable in its current state, and selling the brands that are thought to be underperforming is the only way to revive its fortunes.
Austin Reed to appoint administrators todaySubscription
Austin Reed Group is set to appoint AlixPartners as administrators today.
A-Wear winds down HoF concessionsSubscription
Troubled Irish womenswear chain A-Wear has begun closing its House of Fraser concessions after the company fell into receivership last month.