Tag : Fashion news
Profits drop 40% at M&CoSubscription
Value fashion retailer M&Co has reported a 40% drop in operating profits to £3.6m for the year to 28 February, which it blames on economic and political uncertainty.
‘Desperate’ retailers discount autumn stockSubscription
High street and online retailers across the UK have launched discounts on new-season products, as warm temperatures dampen demand for autumn stock.
£17bn 'crime crisis' damaging small businessesSubscription
Mike Cherry, chairman of the Federation of Small Businesses, has called for the next prime minister to increase police numbers to tackle the £17bn “crime crisis” that is causing harm to small businesses.
16,000 stores closed during 2019Subscription
The retail crisis engulfing Britain’s embattled high streets led to 16,073 stores closing during 2019, the Centre for Retail Research’s “retail in crisis” end-of-year report has revealed.
A Hume Country Clothing owner sells business Subscription
A Hume Country Clothing in Kelso in the Scottish Borders has been sold to the managing director of knitwear manufacturer William Lockie for an undisclosed sum.
Industry sources speculated this week that Edinburgh Woollen Mill owner Philip Day would buy back Bonmarché out of administration, while observing there was “a lot of work to do” to revive the failed value retailer.
Accountant chair 'gives clue to Arcadia direction' Subscription
Industry experts have hailed the appointment of Andrew Coppel as Arcadia’s new chairman as an “excellent” decision, as he brings a “totally fresh pair eyes” to the struggling group.
Acquisitive Boohoo Group ups sales forecastSubscription
The Boohoo Group has raised its sales forecasts for the current financial year, in reflection of “anticipated investments” into its newly acquired businesses.
The decision to appoint accountancy firm Deloitte as administrator has been made “to protect the business and preserve as many jobs as possible”, Oasis and Warehouse Group CEO Hash Ladha has said.
Aldo UK collapses into administrationSubscription
The UK arm of Canadian footwear retailer Aldo Group has fallen into administration as a result of the impact of the Covid-19 coronavirus pandemic.