From around the web and the nationals
PRINGLE OF SCOTLAND has had to be rescued by its owners with a near £11 million bailout. The heritage knitwear brand - which should be in prime position to take advantage of this season’s heritage trend - was paid £5m last year and £5.9m by its Hong Kong-based owners, Fang Brothers Holding, since the year-ended January 29, according to the Sunday Times.
BURBERRY is expected to post 24% rise in pre-tax profits to almost £160m for the six months to the end of September, says The Sunday Times. The figures are likely to assure nervous investors, following fears of weakening demand in China and Europe.
MOTHERCARE will post results on Thursday, with outgoing chief executive Ben Gordon set to present his final figures for the kidswear retailer. A slide in half-year profits is expected, according to The Sunday Times.
SALES OF PADDED BUM BOOSTER pants at Debenhams, priced at £18.50 a pair, outsold non-padded pants by 148%, boosted by consumers trying to emulate Pippa Middleton’s shape at the Royal Wedding earlier this year.
DOCKERS, the Levis-owned casualwear brand, will open its first UK store next month at East London’s Boxpark retail site, billed as a “pop-up mall” with 60 shops in shipping containers, housed in a derelict railway goods yard. The store follows a campaign, London – Meet the Dockers – which aims to take Dockers in a more street style direction.
UPCLOAD,”virtual tailor” software that can take measurements via webcam, is set to launch in the UK within months, says The Daily Mail.
ONLINE CHRISTMAS SHOPPING looks set to reach a record £7.75bn during the five weeks from the end of November, according to the IMRG Capgemini e-Retail Sales Index, writes new media age.