Tara Hounslea is senior news reporter at Drapers, specialising in the menswear, lingerie, luxury, value and property sectors.
Her interests include multichannel innovation to the in-store experience, made in the UK alongside inspiration from overseas, new entrants to the market and heritage success stories, with a particular fondness for the north of England. Tara joined the team in October 2014 and has a background in textile and fashion trade titles.
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Young men are the UK’s top footwear consumersSubscription
New research has found that young men aged between 16 and 24 were the most likely group to buy footwear last year – 95% of them made a purchase, compared with 90% of their female counterparts.
The Competition and Markets Authority (CMA) has launched an investigation into concerns that social media influencers are not properly declaring whether they have been paid or otherwise recompensed to endorse goods or services.
Sarah Savva to leave DebenhamsSubscription
Sarah Savva is leaving her role as director of external business at Debenhams later this year, Drapers understands.
Fred Perry, Rains and Superga are the latest retailers to join the line-up at Coal Drops Yard in London’s King’s Cross.
Retail to bear brunt of business rates riseSubscription
Pressure is mounting on the government to reform business rates, as new research reveals the retail sector would face a £194.2m rise in its bills next April, despite the ongoing crisis on the high street.
House of Fraser chairman exitsSubscription
House of Fraser chairman Frank Slevin has left the business, Drapers understands.
M&S card payments down in some storesSubscription
Marks & Spencer has been unable to receive card payments in around a quarter of its stores today, due to a technical issue.
Moody’s to withdraw House of Fraser ratingSubscription
Credit ratings agency Moody’s has downgraded House of Fraser by three notches and will withdraw all of its ratings to reflect the “high expected losses” for financial creditors as a result of its pre-pack sale to Sports Direct last week.
Former LK Bennett and BHS chief executive Darren Topp has joined Retail Executives, a specialist fashion and retail recruitment firm, as chairman.
House of Fraser’s new owner Mike Ashley said he will try to keep 80% of the department store chain’s 59 stores open and will add successful “cool brands of the moment”.