Vans leads growth at VFSubscription
VF Corporation has raised its full year outlook following revenue growth of 8% year on year for the three months to December, driven by a particularly strong performance from Vans.
Berlin trade shows ‘to come under one roof’Subscription
Berlin trade show Panorama has announced it is exploring plans to transform the former Bread & Butter venue, Tempelhof, into a joint location for all fashion exhibitions in the German capital.
MPs support the idea of fines for businesses that repeatedly fail to pay suppliers within 30 days, but is this realistic, or even wanted, for fashion retailers and suppliers in the current trading climate? Drapers finds out
Black Friday steals Christmas spend Subscription
Retail sales slowed at the end of 2018 with non-food spend dropping 1.1% in December from November, as shoppers brought forward Christmas shopping to the Black Friday Sales.
Mahabis bought out of administrationSubscription
Slipper brand Mahabis, known for its removable soles, has been bought out of acquisition by YYX Capital, an investment company co-headed by Simba Sleep founder James Cox.
Cool weather boosts fashion sales Subscription
Cooler weather boosted fashion sales last week, according to BDO, as sales were up 2.8% on last year.
Investment at Sears to save 45,000 jobsSubscription
US department store chain Sears has received $5.2bn (£4bn) in investment that could preserve 45,000 jobs.
Losses mount at Cath KidstonSubscription
Cath Kidston has reported a £10.5m EBITDA loss for the 52 weeks to 25 March 2018, citing “upwards pressure on costs” and “tough underlying market conditions” for its poor performance.
Anthropologie to open first Spanish storeSubscription
US fashion and lifestyle brand Anthropologie will open its first store in Spain on 1 February, at 27 Pasea de Gracia in Barcelona.
Start-Rite CEO resigns Subscription
Ian Watson is leaving his role as chief executive of children’s footwear brand Start-Rite Shoes on 31 January.
Primark to enter Poland, says finance directorSubscription
Primark will continue its international store expansion into eastern Europe, the finance director at owner Associated British Foods, John Bason, told Drapers today.
Scandi brand Serac makes UK debutSubscription
Scandinavian countries have a reputation for high-quality outerwear, and Norwegian brand Serac, founded by Tore Mortvedt, former lead technical designer for Helly Hansen, is the latest name on the scene.
Rise in revenue for Air & Grace Subscription
Premium comfort shoe brand Air & Grace has reported a 100% increase in revenue and an 800% rise in net profits for the 12 months to 31 December 2018.
International push drives revenues at LovehoneySubscription
Revenue was up 22% to £93m at online lingerie and sex toy retailer Lovehoney for the year ending 31 March 2018, driven by a focus on international expansion.
Clarks considers closure of UK factory Subscription
Clarks has announced its UK factory in Street, Somerset could close after failing to meet manufacturing and cost targets.
Moody's reassesses New Look and Debenhams Subscription
Credit ratings agency Moody’s has downgraded New Look’s senior secured notes rating and changed the outlook on Debenhams’ corporate family rating and probability of default rating from stable to negative.
John Lewis operations director to retireSubscription
Dino Ricos will retire from his role as operations director at John Lewis at the end of May, after more than four decades in the business.
New Look Belgium files for insolvencySubscription
New Look Belgium (NLB) has filed for insolvency as New Look reviews its non-core international markets after agreeing a debt bail-out earlier this week.
Wild & Gorgeous falls into administrationSubscription
Premium kidswear brand Wild & Gorgeous entered administration on 2 January after “facing tough market conditions and accruing losses”.
Sales drop at N Brown GroupSubscription
Group sales at N Brown Group in the 18 weeks to 5 January fell 1.6% year on year, in a “challenging” and “highly promotional” market.
The Creative Industries Federation (CIF) has called for the government and political parties to support a second referendum on whether the UK should leave the European Union.
Festive sales up at Primark Subscription
Sales at Primark for the 16 weeks to 5 January were up 4% year on year, driven by new store openings.
Retailers warned over mis-selling fake fur Subscription
The Advertising Standards Agency (ASA) is to crack down on retailers and brands that misleadingly claim to sell fake fur products.
Shopping app usage soars 60%Subscription
Time spent worldwide on mobile shopping apps has risen by 60% to 18 billion hours in 2018, a new report has revealed.
Mamas & Papas stems losses as revenues fall flatSubscription
Maternity and nursery retailer Mamas & Papas has reduced its losses from £11.6m to £9.1m for the year to 1 April 2018, its latest accounts filed at Companies House show.
Industry despair at Brexit 'mess'Subscription
The retail industry has called for certainty after prime minister Theresa May’s proposed Brexit deal was overwhelmingly rejected by parliament last night.
Buyer numbers drop at Pitti UomoSubscription
Menswear trade show Pitti Uomo in Florence witnessed a 4% decline in buyer numbers for autumn 19, after steady attendance growth in the two preceding January editions.
LondonEdge launches online trading emporiumSubscription
Alternative lifestyle trade show LondonEdge has launched an online sourcing platform to connect brands and buyers worldwide all year round.
LVMH takes minority stake in Gabriela HearstSubscription
LVMH has invested in a minority stake of sustainable US womenswear brand Gabriela Hearst.
Olivia Rubin launches wholesale Subscription
Womenswear brand Olivia Rubin has launched its debut wholesale collection for spring 19.
British business groups and companies have reacted with anger, after prime minister Theresa May’s proposed Brexit deal was overwhelmingly rejected by parliament last night.
Consumer spending falls further in DecemberSubscription
Consumer spending dropped by 1% in December 2018, with the high street taking a particuarly heavy blow in the run up to Christmas, new figures have shown.
Jack Wills calls in advisersSubscription
Lenders at Jack Wills have appointed accountancy firm EY to asses the company’s financial position.
Suppliers’ fears for Debenhams mount Subscription
Suppliers have expressed concern about the future of Debenhams following last week’s revolt by Mike Ashley at the retailer’s annual general meeting.
LF Intimates sold to Pour Moi Subscription
LF Intimates, the owner of swimwear and lingerie brands Charnos and Lepel, has been sold to British swimwear, nightwear and lingerie brand Pour Moi for an undisclosed sum.
New Look to regroup after restructuring debtSubscription
New Look’s refinancing, aimed at reducing its long-term debt by 80%, will put the retailer “on the front foot” in tackling its turnaround strategy, executive chairman Alistair McGeorge has told Drapers.
Turkish modest etailer to open London officeSubscription
Modest fashion etailer Modanisa is planning to open an office in London after it sold a minority stake to investment banks Goldman Sachs and Wamda Capital for an undisclosed amount.
Fashion sales at John Lewis for the week to 12 January jumped 4.9% compared with 2018, driven by customers shopping the Sale and starting to buy into spring ranges.
M&S names stores set to shutter Subscription
Marks & Spencer has revealed the next 17 shops proposed for closure across the UK as part of plans to reshape its store estate, impacting more than 1,000 members of staff.
Fila debuts new premium lineSubscription
Italian sportswear brand Fila is launching a new, premium label – Fila Fjord – for autumn 19.
Spill the Tea causes a stirSubscription
Ethical, vegan, independent and 1990s are all buzzwords on the young fashion scene, and new brand Spill the Tea is seeking to tap into the market.
Revenue rises at Boohoo Group Subscription
Group revenue at Boohoo Group rocketed by 44% across all regions in the four months to 31 December.
Lululemon ups revenue forecast Subscription
Canadian activewear retailer Lululemon has upped its revenue forecasts for the last quarter of its financial year following online sales growth and demand in China.
Jigsaw CEO and chairman to step down Subscription
Jigsaw’s interim chief executive, Chris Stephenson, is stepping down on 28 January after six months in the role, and chairman Charles Atterton is to retire, Drapers can reveal.
Buying director at Hackett London, Carsten Skovgaard, will join a new retail delivery service called Drop-Off in the same role on 28 January.
'Interested parties' for collapsed Hardy AmiesSubscription
A sale is on the cards for British heritage menswear brand Hardy Amies, after it went into administration last week.
Festive sales up but profits hit at Matalan Subscription
Matalan has posted revenue growth of 4.9% to £308.3m for the 13 weeks to 24 November.
Christopher Raeburn rebrandsSubscription
Eponymous British brand Christopher Raeburn has rebranded as Raeburn as it celebrates its tenth year in business.
Luxury men’s activewear brand Castore is set to ramp up its international business in 2019, as demand soars for its premium product.