Tag : Fashion retail news
Fashion retail’s redundancy crisis at ChristmasSubscription
The festive season looks bleak for thousands of retail workers facing redundancy, many of whom are turning to charity for help.
Discounting drives October retail salesSubscription
High levels of discounting on the high street – particularly on fashion – gave a small boost to retail sales in October.
Selfridges’ store investment fuels sales riseSubscription
Investments in experiences and a regeneration of the Oxford Street flagship store have driven a 6% increase in sales at luxury department store Selfridges, to £1.85bn for the year to February.
John Lewis seeks landlord discountsSubscription
John Lewis is reportedly seeking discounts from landlords, as it seeks to cut further costs from across the business.
Sales edge up at PrimarkSubscription
Sales at Primark have risen 4% year on year for the 52 weeks to 14 September, as the retailer’s expansion continues apace. However, like-for-like sales dropped by 2% for the period, and it warned that future margins are set to take a hit.
Figleaves CEO steps down Subscription
Miriam Lahage has stepped down as CEO of lingerie and swimwear etailer Figleaves.
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.
Ted Baker finance boss heads to MulberrySubscription
Charles Anderson, finance director for lifestyle retailer Ted Baker’s subsidiaries, has left the business to join luxury brand Mulberry as its new group finance director.
Laura Ashley profits collapseSubscription
Poor online performance and underperforming homeware have been blamed for crumbling profits at heritage lifestyle retailer Laura Ashley, which announced a statutory loss before tax of £14.3m for the 52 weeks to 30 June 2019, down from a profit of £100,000 in 2018.
Drapers editor to join Fat FaceSubscription
Drapers’ Keely Stocker will be stepping down as editor after more than 14 years at the title, to join lifestyle retailer Fat Face.