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  • How Black Friday has become retail's grey area

    Steve Sidkin's comment 26 November 2019 11:31 pm

    This year - more than many previous years - Black Friday has the ability to be retail's grey area as the Black Friday concept spreads from at least 22 November to 29 November for many retailers. This is because in doing so it is potentially more difficult for retailers to ensure that promotional advertisements are clear and transparent and that the promotions will not fall foul of consumer protection law. But this http://ow.ly/7ACx30pVum8 may help retailers avoid problems.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Survival strategies for Brexit chaos

    Steve Sidkin's comment 26 October 2019 4:38 pm

    A full spectrum of views. But what seems to have been overlooked by most people both inside and outside the fashion industry is that what each of the May Government and the current Johnson Government negotiated were the terms of a withdrawal agreement. The objective of such an agreement is to set out the terms on which the UK may leave the EU. The negotiation with the EU of a trade agreement for the future is likely to take longer still if the EU's free trade agreement with Canada is an example.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Suppliers' shock at Asos discount demands

    Steve Sidkin's comment 20 August 2019 8:44 pm

    Following on from last week’s hit on its share price which reflected brokers’ fears of the affect on an online sales tax, the discount ASOS is effectively demanding of its suppliers means that it has doubled down on not winning friends!

    The gamble is that suppliers will decide to comply - despite no contractual obligation to do so - and then will decide to stick with ASOS going forwards.

    If, however, suppliers hold the line and refuse to accept ASOS taking the discount, it could exacerbate the share price position.

  • Mothercare to franchise UK stores as sales fall

    Steve Sidkin's comment 26 July 2019 8:50 am

    Usually fashion businesses look to franchising as a way of expanding - particularly overseas. As such, Mothercare's move is innovative. But what will landlords make of it?

  • This week's need-to-know people moves

    Steve Sidkin's comment 7 July 2019 5:59 pm

    Good to see more people moves. It is a healthy indicator of a competitive industry. But will fashion businesses be among the first to take advantage of this week’s Supreme Court ruling which confirms the enforceability of post-termination non-compete covenants in employment contracts?
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Price rises 'inevitable' in the event of a no-deal Brexit

    Steve Sidkin's comment 26 February 2019 11:09 pm

    Your commentators have highlighted understandably the affect of tariffs in the event of a no-deal Brexit. But to look at such an event only through that prism is mistaken.
    A no-deal Brexit is likely to result in adverse GBP currency fluctuation pushing up costs for those brands importing stock. It is also likely to result in disruption at sea and air ports.
    Unfortunately in my experience most fashion companies have not sought to emulate those who have planned (for example, Joules) and will instead take their chances.

  • Discounting up by a third before Black Friday

    Steve Sidkin's comment 22 November 2018 11:35 pm

    Following yesterday's news that Jigsaw was launching its first Black Friday sale, news of increased discounting before Black Friday highlights 2 fundamental issues for the industry:

    1. which fashion business will gain most in turnover but do so by slashing its margin with future implications; and

    2. which fashion businesses will be called out by the Competition and Markets Authority and the Advertising Standards Authority for consumer law infringement.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Debenhams credit insurance cut

    Steve Sidkin's comment 1 October 2018 10:33 pm

    Debenhams' woes mount. Together with breaking news of the sacking of House of Fraser's management by Sports Direct, the need for suppliers and concessionaires to be on guard only increases.
    Stephen Sidkin
    Chair, Fashion Law Group
    Fox Williams LLP

  • Debenhams defends its financial position

    Steve Sidkin's comment 11 September 2018 10:16 pm

    If Debenhams cannot convince markets as to its future then it could be déjà vu House of Fraser for fashion brands, suppliers, and concession holders.
    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

  • Exclusive: Sports Direct offers aid to HoF suppliers

    Steve Sidkin's comment 6 September 2018 10:10 pm

    Whilst it is creditable that a major customer supports a supplier in need, what is not known are the terms of the loan. Further it is the case that as at 29 April 2018 Sports Direct International PLC had on its balance sheet cash at bank and in hand of £40.7m (up from £0.2m on the year before).
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

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