Grace Whelan's stories
Moody's downgrades Shandong RuyiSubscription
Credit ratings agency Moody’s has downgraded Chinese owner of Aquascutum and Gieves & Hawkes because of the “limited progress on its refinancing plans”.
The industry has welcomed the “certainty” of a majority Conservative government.
Arcadia refinances Topshop flagshipSubscription
Arcadia Group has confirmed the refinancing of its £310m mortgage on Topshop’s flagship store on London’s Oxford Street.
New Look appoints CEOSubscription
New Look has announced that COO Nigel Oddy will step into the CEO role in the new year.
Superdry to launch new premium linesSubscription
Superdry is to launch four new premium, limited edition collections for its autumn 20.
Mike Ashley is to close the Milton Keynes House of Fraser store, blaming Harrods for the expected 172 job losses.
Presented By launches own-brand clothingSubscription
London-based premium sneaker resale business, Presented By, is launching its own clothing range.
New supply chain boss for M&SSubscription
Marks & Spencer has appointed Adidas’s Paul Babbs to take charge of its supply chain, in a bid to revive its clothing division.
Consumers' sustainable shopping habits revealed Subscription
Almost two-thirds of shoppers believe that retailers and brands have the greatest responsibility for ensuring sustainable practices in the fashion industry, ahead of consumers and the government, new research has found.
High street retailers predict festive cheerSubscription
Retailers are optimistic ahead of the Christmas trading period, and are convinced this week’s election will not deter consumer spending in December.
Paul Price resigns as Topshop CEOSubscription
Topshop and Topman chief executive Paul Price has resigned after just over two years in the role.
Asda appoints George MDSubscription
Asda has appointed a replacement for former George MD, Nick Jones, who left the supermarket earlier this year to join Joules as CEO.
Denim Première Vision pulls in big-ticket buyersSubscription
Denim Première Vision returned for a successful second London edition with an impressive roster of buyers from well-known brands.
N Brown hires financial services CEOSubscription
N Brown Group, which owns brands Simply Be, Jacamo, JD Williams and Ambrose Wilson, has appointed Daniel Joy as financial services CEO.
Investment sets Fresh Couture up for expansionSubscription
Independent UK streetwear brand Fresh Couture has secured a £250,000 investment to bring its design in house and drive ecommerce sales.
Debenhams splits with property directorSubscription
Debenhams has parted ways with property director Clive Bentley, amid preparations to close 22 stores in the New Year.
M&S to shrink flagship storesSubscription
Marks & Spencer is launching a review to downsize around 20 of its largest shops whereby upper floors of stores could be converted into residential or office space.
Family pays dividends at FenwickSubscription
Ailing department store chain Fenwick handed out dividends of £4.9m to its family owners last year, despite axing hundreds of roles.
Ted Baker seeks new chairmanSubscription
Premium retailer Ted Baker has hired headhunters to recruit a new chairman, after a difficult year that resulted in the appointment of consultancy firm AlixPartners.
Moncler plays down Kering takeover rumoursSubscription
The chief executive of Italian luxury brand Moncler, Remo Ruffini, has dampened speculation around a takeover by Kering.
Next proposes warehouse expansionSubscription
High street retailer Next is reportedly seeking planning permission to build a 777,000 sq ft warehouse in Yorkshire, creating more than 1,000 jobs.
Sports Direct offers up Lillywhites London leaseSubscription
Sports Direct could be on the cusp of ditching its Lillywhites store on London’s Piccadilly Circus, having reportedly put its lease on the market.
Revo junior vice-president announcedSubscription
Commercial property body Revo has announced Philip Bier, the entrepreneur that brought Copenhagen’s Flying Tiger to the UK, as its junior vice-president.
Ted Baker calls in advisersSubscription
Ted Baker has appointed consultancy firm AlixPartners to conduct an in-depth review its operations after a troublesome year.
Are your Christmas windows the best in the land?Subscription
Are you enchanting and enticing your customers with your festive independent retail windows?
New sustainable retail concept All Good Things offers a new lease of life for brands’ dead stock. Launching with two stores, the retailer sells end of the line product from its premium brand partners including Joseph, Jigsaw and The Kooples, and is backed by a range of retail veterans.
New sustainable retail concept, All Good Things, offers an innovative and overdue solution to retail’s landfill legacy.
Royal Mail strike appeal rejectedSubscription
A union appeal against the injunction preventing Royal Mail staff from striking ahead of Christmas has been rejected by the Court of Appeal.
Intu calls in advisersSubscription
Shopping centre owner Intu is reported to have drafted in advisers to work on a balance-sheet restructuring.
Black Friday boycott tracker 2019Subscription
This year, a notable number of fashion brands have taken a sustainable stance against Black Friday. Drapers brings you the Black Friday boycotters.
Consumer confidence flatlines ahead of electionSubscription
November’s UK consumer confidence score marks nearly four years since the index was in positive territory.
Buyer circles Dr MartensSubscription
A US private equity firm is reported to be in talks to buy Dr Martens in a deal that could value the UK footwear brand at £1bn.
With Black Friday around the corner, one by one retailers are unveiling their discounts. Drapers brings you a round-up of the latest offers.
Drapers’ survey shows independent businesses are currently battling to survive amid high street headwinds, with more than a quarter reporting they are not profitable. It found that the survival of the independent sector will require significant action from local councils and wider government.
November marks half year of shop price declineSubscription
Shop prices continued to fall in November, marking the sixth consecutive month of decline ahead of peak Christmas trading.
Revo names new CEOSubscription
Revo, the representative body for the UK retail property sector, appointed Vivienne King as its new chief executive.
One of New Look’s leading shareholders, South African investment firm Brait, has announced a new strategy to realise its investments over the next five years putting it “on a firm financial footing for the future”.
Jane Shepherdson returns to the industrySubscription
Former Whistles CEO, Jane Shepherdson, has joined rental platform My Wardrobe HQ as its new chair, after a three-year break from the retail industry.
Losses widen at Victoria BeckhamSubscription
Losses at eponymous fashion label, Victoria Beckham, increased 20% last year due to a large fall in sales.
Revenues rise at SosandarSubscription
Womenswear etailer Sosandar has reported a 53% revenue increase, to £2.82m, for the six months to 30 September 2019.
Jenners could be forced to leave Princes StreetSubscription
Edinburgh’s Jenners department store could be forced to leave its iconic Princes Street location, which it has occupied for more than 180 years.
How Black Friday has become retail's grey areaSubscription
Black Friday has become a fixture on the fashion retail industry’s promotional calendar. But as the discounting activity becomes longer and deeper, and some retailers and consumers shun the event altogether, its future has become blurred.
Sports Direct to rebrand as FrasersSubscription
Sports Direct International plc is set to rebrand as Frasers Group to reflect its “changing profile” and “elevation strategy”.
Ted Baker hires chief people officerSubscription
Lifestyle brand Ted Baker has appointed Asos’s Peter Collyer as chief people officer.
Victoria's Secret cancels annual showSubscription
US lingerie brand Victoria’s Secret has cancelled its annual fashion show in the face of rising criticism and dwindling television ratings.
Skopes to open new stores with £6m investmentSubscription
Menswear brand Skopes has secured £6m in funding from HSBC UK, and plans to open a further 15 stores.
Black Friday 2019 could be 'most disruptive' yetSubscription
With Black Friday falling after pay day, more than one-quarter of shoppers plan to bring forward their Christmas spend, meaning this year’s event could “be one of the most disruptive for the retail industry”, new research suggests.
Harvey Nichols co-COO departsSubscription
Harvey Nichols co-chief operating officer Daniela Rinaldi is leaving the business after 35 years.
McElhinneys unveils environmental Christmas campaignVideoSubscription
Independent department store McElhinneys has kicked off the festive season in Ballybofey, County Donegal, with the unveiling of its Christmas windows.
Nobody's Child CEO to exitSubscription
Nobody’s Child CEO John Allen is to exit after a year in the role, having delivered significant change at the womenswear etailer.