A round up of the best fashion business stories from the weekend’s newspapers
Online fashion retailer My-wardrobe.com is on track to turn a profit next year after sales surged 121% last month, according to The Financial Mail on Sunday.
The Telegraph also reported that Primark will this week report an uplift of 5% over Christmas
Outdoor clothing brand Musto, which boasts the Queen’s granddaughter Zara Phillips as a brand ambassador, has won two Royal Warrants according to The Daily Telegraph.
Tesco is coming under pressure from the City to give a clear explanation of how an extra £100m of loyalty vouchers given to customers has affected its Christmas trading, writes The Financial Times.
The Daily Mail reported that Tesco is expected to reveal it trailed behind supermarket rivals over the Christmas period. The supermarket giant will unveil its Christmas trading update on Tuesday.
Meanwhile, The Independent on Sunday said that Tesco is expected to report strong numbers on Tuesday and The Sunday Times said that Tesco is expected to announce that sales in its British supermarkets grew more than 3% over Christmas.
Marks & Spencer
According to The Sunday Times, new M&S boss Marc Bolland will begin crunch talks with supermarket Morrisons this week about when he can take up his new role at M&S. The former Morrisons chief executive handed in his resignation last November and the Dutchman is contractually tied to the retailer until November but M&S wants him to start as soon as possible.