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12 December 2019 3:01 pm
12 December 2019 1:30 pm
12 December 2019 10:34 am
12 December 2019 8:00 am
The pace of change has never been this fast, yet it will never be this slow again. I have lost count of how many times I have heard this expression used in relation to fashion retail in 2019.
Entries are now open for the Drapers Digital Awards, part of the Digital Festival 2020. We have 15 categories up for grabs, so make sure you enter your business now!
11 December 2019 8:03 am
9 December 2019 12:27 pm
9 December 2019 8:07 am
Missguided suffered a dramatic fall from grace when profits crumbled in 2017. Founder and CEO Nitin Passi reveals the drastic action he took to turn the etailer round.
Entries are now open for the Drapers Footwear Awards 2020. We have 18 exciting categories up for grabs, so make sure you enter your business now!
20 November 2019 10:11 am
25 October 2019 3:10 pm
21 October 2019 3:16 pm
15 October 2019 4:53 pm
Primark’s Paula Dumont Lopez splits her time between Ireland, the UK and Spain, and is equally fond of shopping at her company and at small independents
9 December 2019 4:05 am
4 December 2019 4:53 pm
3 December 2019 5:54 pm
3 December 2019 5:00 am
Drapers investigates the dominance of Nike and Adidas in the sportswear industry as they both shift toward direct-to-consumer strategies.
11 December 2019 10:23 am
10 December 2019 3:06 pm
10 December 2019 2:49 pm
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Fresh profit warning at Debenhams
It would be more reassuring if Sergio B actually told the truth. His statement is all hot air and spin. He keeps citing Li & Fung as the saviour. The only upside to the L&F deal is that Debenhams could reduce the fixed costs of the offshore offices. The prices Debenhams will then have to pay for the goods will be higher than they are currently paying. The only way L&F could potentially improve the prices is to drop the quality. It needs to be remembered that L&F were always there as an option to supply Debenhams but could never compete on price and quality hence got next to no business.
If one looks at the actual deal with L&F the increased cost prices offset by the reduced fixed cost of the offices Debenhams will still
make a nett loss. Only winner is a L&F. The other key factor on why Debenhams engaged in this L&F deal is that they are willing to supply Debenhams whereas many of the core suppliers and factories are running for the hills due to the risk. This is a really important factor.
Further to this Sergio states the new L&F ranges will be in this season. No one within Debenhams has a clue what he is referring to - all smoke and mirrors to mask the total underperformance of Debenhams.
6 March 2019
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