Grace Whelan is a news reporter at Drapers, specialising in menswear and property across the magazine and website. She joined the team in 2018 after graduating from City, University of London with an MA in magazine journalism. Personal industry interests include the developing role of tech in retail and British manufacturing.
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Sports Direct shutters Jack Wills storesSubscription
Sports Direct has closed eight Jack Wills stores, and more are closures likely if it cannot achieve lower rents across the remaining portfolio.
Alibaba exceeds expectationsSubscription
Revenues were up 42% to $16.7bn (£13.8bn) at Alibaba for the three months to June 20, reassuring retailers that Chinese consumers are still spending despite the country’s slowing economic growth.
Ted Baker is set to expand its childrenswear offering after signing up Next as its new global childrenswear licence partner.
The retail industry has called for the chancellor to urgently review business rates to maintain the UK’s competitive position in the international market, as vacancy rates hit a four-year high and a no-deal Brexit looms on the horizon.
More than 50 high street retailers have demanded the government launches “a wholesale review of business taxes to create a tax regime fit for the 21st century”, in a letter to chancellor Sajid Javid.
Fashion sales grow for three monthsSubscription
fFashion sales experienced a 12th consecutive week of growth last week – up 5.48% year on year – the latest BDO sales tracker shows.
Vacancy rates highest since 2015Subscription
The national town centre vacancy rate has reached its highest level in four years, hitting 10.3% for the month of July.
Shopping centres will be the locations hit hardest across the UK by Karen Millen and Coast store closures, following the sale of businesses’ online arms to fast fashion etailer Boohoo.
Karen Millen to broaden Boohoo's reach Subscription
Karen Millen is a welcome extension to the Boohoo Group, reducing its “reliance on the value end of the market” and stretching its pricing architecture, retail analysts have told Drapers.
£168m expansion for Intu LakesideSubscription
Intu plans to give its Lakeside shopping centre a £168m facelift, adding around 40,000 sq ft of retail space.