Category list : Republic
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Sports Direct’s fashion fascias narrow losses Subscription
Sports Direct’s young fashion fascia Republic narrowed its losses from £27.7m to £8.5m for the year ended April 26 2015.
Sports Direct boss Mike Ashley surprised the retail sector this week when part of his young fashion business USC was bought out of administration by another of his chains, Republic.
Brands have expressed anger at USC, accusing it of moving towards a “massmarket” offering akin to a “fashion Sports Direct”, and squeezing discounted goods from suppliers via bulk purchases and shorter payment terms.
Bank commercial director Carl Brewins leavesSubscription
Bank commercial director Carl Brewins has departed the young fashion retailer.
The future of some of young fashion chain Republic’s stores could be doubt after its owner Sports Direct wrote to landlords to ask for rent reductions.
TJX Europe appoints men’s buying bossSubscription
TK Maxx owner TJX Europe has appointed former head of external brands at Republic, Les Dales, as buying manager of its menswear division.
Brewins joins Bank as turnaround gathers paceSubscription
Republic co-founder Carl Brewins is to join young fashion chain Bank as commercial director, with sources indicating the move may pre-empt his acquisition of the business.
Republic stores adopt USC nameSubscription
Sports Direct will switch 29 Republic stores to the USC fascia by the end of this month, with some units receiving an internal overhaul.
Fashion retail creditors lose out nearly £900mSubscription
Creditors, insurers and trading partners of fashion businesses that have gone under in the past five years have lost out on nearly £900m, new research suggests.
USC will make its first footprint on London’s most famous shopping street with the launch of a store on Oxford Street next year.