A round up of the best fashion business stories from the weekend’s newspapers.
- Mary Portas plans to set up a shop on the high street targeting middle-aged women. The retail guru said in an interview with The Saturday Times that there is “nothing out there for women like me” and criticised retailers for not using middle-aged women in their ad campaigns. “Average age of a Burberry customer? Fifty three. Age of the face in their ads? 19-year old Emma Watson,” she said.
- US etailer Shop It To Me is to launch in the UK this week, reported the Sunday Express and the Mail on Sunday. The site offers discounts of up 42% on women’s, men’s and children’s clothing and accessories in partnership with brands including Marc Jacobs, Diesel and retailer Marks & Spencer. The site charges retailers commission each time a customer clicks through to their site from the Shop It To Me site.
- Tuesday’s Budget was reported on in most of the weekend papers, with the Sunday Times reporting that more than £10bn of new taxes are to be unveiled. Hitting retailers will be the predicted increase in VAT from 17.5% to 20%.
- Marks & Spencer is unlikely to be in a position to name its next chairman by its target date of July’s annual meeting, according to the Weekend FT. The retailer is understood to have drawn up a shortlist to replace Sir Stuart Rose, but sources told the paper it was doubtful the board would agree on the final choice within the next month. Instead, the retailer aims to have the choice finalised by September.
- The FT also reported Amazon is to relaunch its online clothing and shoe business in the US, with a focus on high end style as it vies with rivals such as Yoox and Net-a-Porter.
- Designer Dame Vivienne Westwood has collaborated with footwear brand Crocs to create a kidswear range. According to The Times on Saturday Westwood has worked with Brazilian footwear brand Melissa to create the range.