Monsoon Accessorize CVA seeks 65% rent cuts Subscription
Monsoon Accessorize has asked landlords to cut rents by up to 65% across more than half of its stores, as part of its company voluntary arrangement, which launched yesterday.
Select's strategy for CVA recoverySubscription
Select CEO Cafer Mahiroğlu is focusing on customer experience, national marketing and talent investment to return the womenswear chain to profitability, following the approval of its second company voluntary arrangement (CVA).
Businesses 'unprepared for no-deal Brexit'Subscription
Around 150,000 businesses do not have the paperwork in place that will allow them to continue exporting to the European Union in the event of a no-deal Brexit, Mark Carney, the governor of the Bank of England has warned.
Clothing sales hit five-year lowSubscription
Clothing and footwear sales suffered their biggest sales slump in five years last month, as unseasonably cold weather deterred shoppers from the high street.
Will Kernan will bring “an interesting pedigree” to his new role as River Island CEO, industry experts have told Drapers, praising his management skills and previous track record as chief executive of The White Company.
BRC takes over Oxford Summer SchoolSubscription
The British Retail Consortium (BRC) has bought OSS Retail, formerly the Oxford Summer School, as part of its commitment to promoting retail careers.
Monsoon CVA proposal revealedSubscription
Monsoon and Accessorize have launched company voluntary arrangement (CVA) proposals in an attempt to return the businesses to profitability and growth.
Online retail sales growth reaches 20-year lowSubscription
Online retail sales growth hit rock bottom last month, recording its smallest year-on-year growth in 19 year. It was just 1.9% higher than in May 2018, the latest IMRG Capgemini eRetail Sales Index shows
Asos unveils 'responsible edit' Subscription
Asos has launched a “responsible edit” to provide customers with a “one-stop shop for environmentally conscious clothing, accessories and living items”.
Burrows & Hare opens womenswear storeSubscription
Premium menswear independent Burrows & Hare has transformed one of its three stores into a womenswear shop.