Tag : multiples
JD Sports poised to join FTSE 100Subscription
JD Sports Fashion is expected to make its debut on the Financial Times Stock Exchange 100 Index (FTSE 100) this week, as its market capitalisation reaches almost £6bn.
Retailers and suppliers have said price rises are likely in the event of a no-deal Brexit, as uncertainty about the UK’s trading relationships with the European Union and the rest of the world continued this week.
M&S introduces on-the-go phone chargingSubscription
Marks & Spencer has joined forces with a tech start-up to offer customers the ability to rent phone-charging power banks in selected London stores.
The fashion industry has called for the government “to start listening” to businesses after prime minister Theresa May announced she will consult companies further as part of her Brexit “Plan B”’.
As high street store sales decline, brands are turning to online concessions to get their product in front of consumers
Fashion industry leaders' predictions for 2019Subscription
With Brexit looming, consumer confidence dwindling and retailers seeking new ways to offer the best experience for shoppers, Drapers speaks to fashion leaders across the industry to see what they predict for the year ahead.
Multiples braced for cautious Christmas Subscription
High street retailers are expecting Christmas trade to be worse than last year as a mood of “doom and gloom”, and economic uncertainty prevail.
Footfall across the UK fell 3.2% year on year in November – a swing from last year’s growth of 0.2% – as Black Friday increasingly becomes an online event.
Indies hold their nerve on Black Friday Subscription
Independent retailers are shunning Black Friday despite rising pressure from consumers to offer discounts.
Hobbs heads for Hong KongSubscription
Hobbs will cut the ribbon on its first store in Hong Kong in December, entering its seventh new international market this year.
Suppliers squeezed by struggling multiplesSubscription
Suppliers are being put under increasing pressure by multiples as they cut volumes, impose extended payment terms and even cancel orders.
Spring sales stutter in face of consumer cautionSubscription
Tough trading has continued on the high street as shoppers are yet to embrace new-season spring collections, retail bosses said this week.
Comment: Squeezing suppliers is short-termistSubscription
Arcadia Group’s latest demand for a discount from its suppliers
We asked shoppers on Oxford Street how they feel about discounting on the high street before and after Christmas.
For Peter Williams, who set up Jack Wills when he was just 24, there is only one thing you need to succeed – the right attitude.
The sale of Hobbs to Phase Eight and Whistles owner TFG London provides a glimmer of light on an otherwise gloomy high street in the run-up to Christmas.
McGeorge returns to New Look as profits slumpSubscription
New Look has confirmed the appointment of Alistair McGeorge to his former position as executive chairman, as it reports a steep fall in profits for the first half of the financial year.
Why fashion needs an orderly BrexitSubscription
As the UK government attempts to secure a transitional deal to ease our exit from the European Union, we explore how this could benefit the fashion and textiles industry.
Oxford Street transformation plans publishedSubscription
A public consultation has been launched over plans to transform London’s Oxford Street and its surroundings into a largely traffic-free public space.
GDPR: are you ready for data D-Day?Subscription
With seven months to go until the General Data Protection Regulation comes into effect, retailers are starting to make preparations for an information sea change
As the term “experiential retail” becomes mainstream, we investigate the challenges and opportunities for those tasked with designing stores.
The ”prisoner’s dilemma” is a standard example in game theory. In it, two criminals can each betray the other to gain their freedom while increasing the other’s sentence, or stay silent to reduce both sentences. If each betrays the other, their sentences will remain the same.
New Topshop boss triggers store refreshSubscription
Several Topshop stores are being temporarily closed while the merchandising is given a shake-up ahead of the crucial Christmas trading period.
High street retailers across the UK are offering deep mid-season discounts for a second year running in anticipation of another difficult Christmas trading season.
The deadline to complete the 2017 Drapers discounting survey has been extended to 29 September.
EU sets out position on post-Brexit IP rightsSubscription
Unitary intellectual property (IP) rights should continue to apply in the UK after Brexit, the European Commission has said in a position paper.
Sports Direct chairman survives shareholder voteSubscription
Sports Direct chairman Keith Hellawell will continue in his role after surviving a shareholder vote at the company’s annual general meeting (AGM) today.
Sports Direct bullish ahead of AGMSubscription
Sports Direct has said its new generation of flagship stores “continues to exceed our expectations”, as it prepares to hold its annual general meeting later today.
Womenswear drives sales and profits at BodenSubscription
Boden’s pre-tax profit grew 9.6% to £26.2m in the year to 31 December 2016, boosted by strong womenswear sales.
Drapers has launched its second annual discounting survey to uncover whether the industry has really taken a stand on constantly lowering prices.
Jack Wills appoints chief marketing officerSubscription
Jack Wills has appointed Burberry’s global director of marketing for menswear, leather goods and softs, Claire Waugh, as chief marketing officer.
Footwear retailers upbeat as trading picks upSubscription
Footwear retailers have said they are optimistic for autumn following an unexpected uplift in trading this season.
A new era as New Look sharpens its strategySubscription
New Look CEO Anders Kristiansen and UK and Ireland managing director Danny Barrasso talk international expansion, UK manufacturing and how the retailer is transforming its product and speed to market.
Concerns are mounting that a number of Coast, Oasis and Warehouse stores could close once the retailers are sold to new owners.
Multiples across the UK are readying for a bumper Easter bank holiday weekend as shoppers are expected to take to the high street in the warm spring weather.
New-season promotions and faltering consumer confidence have created a challenging environment for some multiples over the last few weeks, but specialist retailers reported a more positive start to spring trading.
Laura Ashley issues profit warningSubscription
Laura Ashley has warned that its net pre-tax profit for the full year will fall below market expectations after a difficult first half, during which it faced rising costs.
From a small store in the Southside of Glasgow, Tarak Ramzan has built Quiz Clothing to an international multichannel chain.
Review of the year 2016: winners and losersSubscription
As the year draws to a close, Drapers looks at some of the fashion businesses that have succeeded and struggled during 2016.
Industry bodies are up in arms over a proposed change to the business rates regime, which will see certain appeals blocked even if the valuation was wrong.
Toast chief overhauls product and pricingSubscription
New CEO Suzie de Rohan Willner revamps the retailer’s core womenswear offer and pricing, ahead of wider expansion.
Beauty is becoming big business for high street retailers and fashion chains. Drapers finds out why
Warehouse unveils new store conceptSubscription
Warehouse opens its new-look flagship store at 19-21 Argyll Street in London’s Soho today.
H&M UK profits and margins slumpSubscription
The UK arm of H&M’s profits after tax fell 19% to £36.4m for the year to 30 November 2015, as the retailer continued its store expansion programme.
Rarely a year goes by that isn’t filled with shock departures from the high street and new players coming to the fore – 2016 has been no different.
Marks & Spencer’s proposal to cut around 525 head office roles will not solve inherent problems at the retailer, industry insiders have warned.
Multiples and department stores have kicked off a weekend of bank holiday bargains as they hope to boost sales following a difficult summer.
First look: H&M x Kenzo collaborationSubscription
Get a first look at the high street chain’s latest designer collaboration with Parisian label Kenzo.
Sunshine sparks late clearance of summer stockSubscription
Warmer weather lifted the mood across UK high streets this week and some multiples reported a welcome upturn in trading, but others said it was “too little too late” to make a significant difference to sales of summer stock.
Value fashion retailer Store Twenty One is looking to close 82 stores after creditors voted in favour of its company voluntary arrangement (CVA), Drapers understands.