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....“I think Reserved will succeed or fail based on quality and price points of product,” the experienced fashion executive added. “I have experience of fashion retailing in eastern Europe and to my mind it’s a very specific taste that doesn’t necessarily work in the UK. ... [Read full article on Guardian ]
Saturday 9th of September 2017 07:00:01 AM
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. A husband and wife who started in fashion retail with one shop in Wimbledon 30 years ago have banked £400m after selling their online designer empire Matchesfashion. ... [Read full article on Guardian ]
Friday 1st of September 2017 06:44:40 PM
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....Sanjay Vadera, who runs the 183-store chain The Fragrance Shop, said sales of celebrity fragrances have slumped more than 10% in the last year. In their place has come a new breed of brands linked to fashion stores, such as Babe Power, the first perfume from the online fashion retailer Missguided, which has been among the year’s biggest sellers to date. ... [Read full article on Guardian ]
Friday 1st of September 2017 07:26:24 PM
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Latest Finance News related to Fashion Retail

Can Poland's answer to Topshop make it on Oxford Street? image
Source : Guardian [Read Article] Saturday 9th of September 2017 07:00:01 AM
....“I think Reserved will succeed or fail based on quality and price points of product,” the experienced fashion executive added. “I have experience of fashion retailing in eastern Europe and to my mind it’s a very specific taste that doesn’t necessarily work in the UK. ...
UK perfume shops hope new Chanel fragrance can mask foul sales image
Source : Guardian [Read Article] Friday 1st of September 2017 07:26:24 PM
....Sanjay Vadera, who runs the 183-store chain The Fragrance Shop, said sales of celebrity fragrances have slumped more than 10% in the last year. In their place has come a new breed of brands linked to fashion stores, such as Babe Power, the first perfume from the online fashion retailer Missguided, which has been among the year’s biggest sellers to date. ...
Husband and wife bank £400m from sale of Matchesfashion.com image
Source : Guardian [Read Article] Friday 1st of September 2017 06:44:40 PM
. A husband and wife who started in fashion retail with one shop in Wimbledon 30 years ago have banked £400m after selling their online designer empire Matchesfashion. ...
UK credit and debit card spending ​growing​ at fastest rate since 2008 image
....5%, up from 1. 1% a month earlier, helped offset falls in every other sector, according to the ONS, although some economists blamed wet weather for weaker sales by fashion retailers. ...
UK consumers cut spending on clothes, cars and foreign travel image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....4% over the past three months, and its chief executive, Simon Wolfson, described a “very difficult consumer environment for clothing”. July was also said to be the worst month for fashion retailers in eight years by the accountancy firm BDO in its monthly high street sales tracker. ...
Burberry's Paul Price to be new boss of Topshop image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:46:19 PM
.... She was preceded by Jane Shepherdson, who ran Topshop from 1999 until 2007, before leading a buyout of the Whistles chain, which she left in 2016. An American who started his fashion retail career at Bloomingdale’s department store, Price has spent the past decade as chief merchandising officer at British luxury brand Burberry. ...
Net-a-Porter owner opens tech hub in London image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:25:53 AM
....Yoox Net-a-Porter, the Milan-listed parent group, plans to invest more than €500m (£440m) in technology, warehouses and delivery systems in London and elsewhere to double the size of the business by 2020. With a turnover of nearly €2bn, about half from orders made via mobile phones, YNAP is the world’s biggest online luxury fashion retailer. ...
Pound sinks but FTSE 100 climbs after shock election result image
Source : Guardian [Read Article] Friday 9th of June 2017 08:22:37 AM
....2670 while shares in Lloyds Banking Group were down, along with those in Royal Bank of Scotland and the housebuilders Barratt and Taylor Wimpey. Shares in the fashion retailer Next were also lower on fears that consumer confidence would take a knock. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
....Sir Philip Green’s retail empire suffered a worse than expected 79% fall in profits last year as it reeled from the closure of BHS and a tough fashion market, during which Topshop’s UK sales fell for the first time in more than a decade. The company said it faced competition from new fashion retailers at a time when clothing had become a less important part of the household budget. ...
M&S profits dive by nearly two-thirds as clothing sales slide image
Source : Guardian [Read Article] Wednesday 24th of May 2017 06:59:23 AM
.... “We are starting to stabilise market share and importantly have seen full price market share growth, as we removed excessive discounting,” said Rowe. McDonald was a surprise appointment as she has never worked in fashion retail but Rowe defended the choice, highlighting her experience at both Halfords and fast food chain McDonald’s. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
. A group of suppliers owed millions of pounds by the collapsed fashion retailer Jaeger is considering taking legal action against its former owners. ...
More Pritt Stick than Pippa  image
Source : BBC [Read Article] Thursday 18th of May 2017 11:00:06 PM
.... . The average cost of a wedding dress has fallen 25% year-on-year, according to online fashion retailer Lyst, from £1,329 to a still-not-insignificant £832. ...
Tory donor questioned by SFO over corruption claims at Petrofac image
Source : Guardian [Read Article] Friday 12th of May 2017 04:47:44 PM
....According to the government’s website, he is entitled to hold one-to-one meetings with senior government ministers and host “high-level incoming visitors”. There are 44 business ambassadors, including Douglas Flint, the chairman of HSBC, and Natalie Massenet, the founder of fashion retailer Net-a-Porter. ...
M&S puts faith in fashion novice from Halfords and retail veteran image
Source : Guardian [Read Article] Friday 5th of May 2017 11:04:47 PM
....M&S’s food halls have prospered as Britons’ eating habits increasingly favour the convenience of its ready meals and treats. But selling clothing has only got harder, which makes the appointment of a fashion novice like McDonald – who has never worked in fashion retail – a surprising one. ...
Fashion retailer Boohoo nearly doubles profit after celebrity Instagram tie-ups image
. Boohoo, the online fashion retailer with an army of 16 to 24-year-old fans, has nearly doubled its profits, helped by paying celebrities and other “influencers” to promote its products on Instagram. ...
Boohoo online fashion retailer sees its profits double image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:17:43 AM
. Annual pre-tax profits at online fashion retailer Boohoo have almost doubled to £31m - up from just under £16m last year. ...
Jaeger collapses into administration putting 680 jobs at risk image
Source : Guardian [Read Article] Monday 10th of April 2017 05:06:29 PM
.... Like BHS last year, Jaeger has failed to capitalise on the growth of online retailing. As a result, it has been left behind – and left struggling – where other fashion retailers have grabbed the opportunity. ...
Experience-hungry shoppers trend towards food and drink spending image
Source : Guardian [Read Article] Monday 10th of April 2017 06:01:29 AM
....2% in March following six months of decline, but there was a move towards evening spending at food and drink outlets as shoppers prioritised experiences over goods. It said while, historically, 25% of sales in stores over the long Easter weekend were made in fashion retailers and 10% were at food and beverage outlets, this year it expected the figures to move towards 20% and 15% respectively. ...
Asos chief says warehouse conditions are 'great' despite complaints image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:13:48 PM
. Nick Beighton, the chief executive of online fashion retailer Asos, has said he has put in a shift at the Barnsley warehouse where concerns were raised about working practices last year and found conditions to be “great”. ...
Ralph Lauren to close flagship Polo store in cost-cutting plan image
Source : BBC [Read Article] Tuesday 4th of April 2017 02:52:30 PM
....The fashion-to-homeware brand, known for its "preppy" look, expects to make $140m in annual savings as a result. Faced with increased competition from fast-fashion retailers, the firm launched a cost-saving strategy in June. ...
Online retailer Asos sees exports boosted by weak pound image
Source : BBC [Read Article] Tuesday 4th of April 2017 07:32:22 AM
. Online fashion retailer Asos has seen a jump in half-year profits and sales driven by an "accelerated international performance". ...
H&M to launch new 'more upmarket' fashion brand in London image
Source : BBC [Read Article] Thursday 30th of March 2017 02:45:31 PM
....H&M already operates a range of High Street brands including Cos, & Other Stories, Monki, Weekday and Cheap Monday. But the firm said market conditions were difficult for fashion retailers as digitisation is changing both shoppers' behaviour and the way fashion companies operate. ...
Urban spies image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:29:02 AM
....Shops and retailers are taking over where street cameras left off, watching shoppers' every move. According to a 2015 survey of 150 retail executives from IT services firm Computer Services Corporation, a quarter of all British shops and 59% of fashion retailers use facial recognition software. ...
Lily Beddall: Girl with Down's syndrome models for Matalan image
Source : BBC [Read Article] Saturday 18th of March 2017 12:30:56 AM
. A two-year-old girl with Down's syndrome has been chosen as one of the faces of a fashion retailer's advertising campaign. ...
Mike Ashley firm buys lingerie firm Agent Provocateur image
Source : BBC [Read Article] Thursday 2nd of March 2017 04:27:32 PM
....Sports Direct's profits have suffered after criticism of work practices at its Derbyshire warehouse. Mr Ashley appears keen to target more upmarket fashion retail, moving away from the cheaper end of the High Street. ...
The high street is already under threat and now this... | Lucy Siegle image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:05:44 AM
.... According to CVS analysis, the nine Amazon distribution centres in England and Wales will be able to knock £148,000 off their property tax liabilities this year (despite annual sales in excess of £6bn). Similarly, fashion retailer Boohoo gets 13% knocked off the bill for its distribution centre in Burnley; so it goes on. ...
Textile firms paying UK workers £3 per hour, investigation finds image
Source : Guardian [Read Article] Monday 23rd of January 2017 06:00:25 AM
....British-based factory workers producing garments for a string of top fashion brands are being paid less than half the legal minimum wage, a new undercover film claims. Textile firms making products for fashion retailers such as River Island, New Look, Boohoo and Missguided are paying their UK workers between £3 and £3. ...
UK Christmas retail: the winners and losers image
Source : Guardian [Read Article] Thursday 12th of January 2017 01:23:56 PM
.... It did not release like-for-like figures for Primark, but total sales were up 11% year on year in constant currency terms, or a chunky 22% in actual currency terms (thanks to the sharp fall in sterling since the Brexit vote). The trainer and sports fashion retailer expects to beat City forecasts for full-year profits, sending its shares to an all-time high. ...
Next shares slump after gloomy 2017 forecast and unfestive figures image
Source : Guardian [Read Article] Wednesday 4th of January 2017 08:23:01 AM
.... Just 13 months ago they were changing hands at nearly £82. Next’s gloomy update dragged down other fashion retailers, with Marks & Spencer and Debenhams closing down 6% and Primark owner Associated British Foods losing nearly 4%. ...
Boohoo set to bid for US fashion label Nasty Gal image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:11:19 PM
. Online fashion retailer Boohoo is lining up to buy the rights to the Nasty Gal fashion label after the US internet business fell into bankruptcy last month. ...
Retail figures pick up as shoppers spend before price rises image
Source : Guardian [Read Article] Wednesday 21st of December 2016 07:04:24 PM
....The fall in the value of the pound has helped luxury retailers, which are enjoying booming sales as foreign visitors buy up handbags, jewellery and other designer products. Meanwhile, fashion retailers – who account for one of the largest shares of spending at this time of year – are having a better season thanks to relatively normal winter weather after last year’s prolonged warm spell. ...
Young, quick and very hip: Missguided and Pretty Little Thing hit the big time image
....There is a powerful new club in the north-west of England but its most bankable players are probably unfamiliar, despite raking in hundreds of millions of pounds a year from fans. Meet Boohoo, Pretty Little Thing and Missguided, the Manchester-based online companies threatening to take over fashion retailing with inexpensive, brash clothes that are more likely to have been inspired by a reality TV star’s clubbing outfit than the catwalk. ...
Top model agencies agencies fined £1.5m for price-fixing image
Source : BBC [Read Article] Friday 16th of December 2016 12:01:28 PM
....The CMA investigation looked at a wide range of modelling assignments, from small magazine shoots to big advertising campaigns. It said that the customers affected included well-known High Street chains and online fashion retailers. ...
UK model agencies found guilty of price-fixing image
Source : Guardian [Read Article] Friday 16th of December 2016 11:55:07 AM
....The Competition and Markets Authority (CMA) found that the agencies and their association “systematically exchanged information and discussed prices”, in some cases agreeing to fix minimum prices or agree a common approach to pricing. The price collusion affected customers including high street chains, online fashion retailers and consumer goods brands that use models to front their products and appear in ad campaigns. ...
Boohoo spends £3.3m on cofounder's sons' company image
Source : Guardian [Read Article] Wednesday 14th of December 2016 07:19:08 PM
. Boohoo, an online fashion retailer, has taken control of PrettyLittleThing, the fast-growing website set up by the children of Boohoo’s co-founder Mahmud Kamani. ...
Velvet dress sales put Zara owner firmly in fashion image
Source : BBC [Read Article] Wednesday 14th of December 2016 11:02:59 AM
....11 in Madrid, but are flat for the year. Meanwhile, shares in online fashion retailer Boohoo jumped 8% after it said it had bought rival fashion website Pretty Little Thing. ...
Asos plans London expansion with 1,500 extra staff image
Source : Guardian [Read Article] Monday 12th of December 2016 08:30:10 AM
. Online fashion retailer Asos has unveiled plans to hire 1,500 staff at its London headquarters and to double domestic manufacturing of its own-brand clothing. ...
Asos accused of underpaying new warehouse staff image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:29:02 PM
. The online fashion retailer Asos has been accused of breaching “the spirit if not the letter” of employment law designed to prevent the exploitation of low-paid temporary workers. ...
Christmas ads deliver few real gifts for retailers, poll suggests image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:00:40 AM
....”. A flurry of campaigns with totally divergent strategies have already hit the screens, from Burberry’s mini-film featuring Sienna Miller and Domhnall Gleeson, and Harvey Nichols’ tongue-in-cheek “Britalia” campaign celebrating all things Italian, to fashion retailer H&M’s unusual offering directed by Wes Anderson. ...
Dunelm buys Kiddicare in online drive image
Source : BBC [Read Article] Monday 28th of November 2016 09:28:02 AM
....Fierce competition from online sellers and changes to the way people shop on the High Street are forcing retailers to adapt. Also on Monday, sports fashion retailer JD Sports announced it was acquiring the Go Outdoors chain for £112m. ...
Last of big spenders: UK Black Friday to be final hurrah before prices rise image
Source : Guardian [Read Article] Thursday 24th of November 2016 06:00:25 AM
....Suppliers including HP and LG have devoted several weeks to producing stock for the event. Looking further ahead, fashion retailer Next has said its clothing prices will rise by up to 5%. ...
Austin Reed to return to high street seven months after collapse image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 11:33:46 AM
....3m in the year to 27 February. The group, which also owns fashion retailer Peacocks, homeware chain Ponden Mill and golfing brand ProQuip, said pre-tax profits before exceptional items increased by 2. ...
Too many clothes image
Source : BBC [Read Article] Wednesday 9th of November 2016 12:04:04 AM
....Her recent wardrobe audit project found people vastly underestimated the number of clothes they owned. Felix Poza, director of sustainability at Zara-owner Inditex, the world's biggest fashion retailer, says producing quality new fibres out of recycled garments is one of the sector's most important challenges. ...
American Apparel's UK business goes into administration image
Source : Guardian [Read Article] Tuesday 8th of November 2016 01:32:43 PM
. American Apparel’s UK business is likely to be closed after the fashion retailer appointed administrators on Tuesday. ...
Sounds far-fetched image
Source : BBC [Read Article] Monday 7th of November 2016 12:10:30 AM
....Other designers didn't have any online presence because they either lacked the ambition, funding, or know-how. So the idea for Farfetch was born - enabling small designers or fashion retailers to become global players via a single online marketplace. ...
Fashion sales wilt in September heatwave image
Source : BBC [Read Article] Friday 7th of October 2016 12:12:18 AM
....While sales of homewares rose by 12. 6% last month and lifestyle goods, including gifts and health and beauty items, also edged up, that was not enough to make up for the negative impact of the heatwave on fashion retailers. ...
Boohoo.com profit boosted by plus-size and petite ranges image
Source : BBC [Read Article] Tuesday 27th of September 2016 10:29:17 AM
. Strong sales of plus-size and petite clothes have helped boost profit at online fashion retailer Boohoo. ...
Wealth divide image
Source : BBC [Read Article] Wednesday 21st of September 2016 11:05:10 PM
.... . Take the case of Pauline Chai and her estranged tycoon husband Khoo Kay Peng, who owns 40% of fashion retailer Laura Ashley. ...
Primark blames the weather for falling sales image
Source : BBC [Read Article] Monday 12th of September 2016 08:31:08 AM
. A warm winter and a cold spring has been blamed for a fall in sales at low-cost fashion retailer Primark. ...
Shy billionaire image
Source : BBC [Read Article] Friday 9th of September 2016 06:57:46 PM
.... And if Mr Ortega has a hunch, they listen. After all, he has 60 years' experience in fashion retail, built up from humble beginnings. ...
'New era' image
Source : BBC [Read Article] Friday 2nd of September 2016 08:52:08 AM
....And there are no clear signs that the recession will be over in the near future, with the economy still shrinking rapidly and unemployment still on the rise. Yet for Flavio Rocha, who leads Riachuelo, one of the country's biggest fashion retailers, confidence in the future of Brazil's economy is back for good. ...
Fabric of success image
Source : BBC [Read Article] Sunday 28th of August 2016 11:00:29 PM
....She then worked with business consulting firm McKinsey in Chicago from 2011 to 2013. Returning to India in 2014, she then spent a year with an online fashion retailer called Myntra, before finally rejoining the family business in 2015. ...
Can't wait, won't wait! image
Source : BBC [Read Article] Thursday 18th of August 2016 11:32:16 PM
....In a word, yes. North American fashion retailer Nordstrom saw online sales fall 11% when its website response time slowed by just half a second, says Gopal Brugalette, who was the retailer's senior applied architect in performance engineering at the time. ...
Flipkart's Myntra to buy online shopping rival Jabong image
Source : BBC [Read Article] Tuesday 26th of July 2016 06:23:54 AM
....". Myntra is itself an online fashion retailer and was bought by Flipkart in 2014. ...
Store Twenty One: hundreds of workers to lose jobs image
Source : BBC [Read Article] Tuesday 19th of July 2016 08:30:28 PM
. More than 500 jobs are under threat after fashion retailer Store Twenty One agreed to close 77 shops as part of a rescue deal with landlords. ...
Online fashion firm Asos confident as sales jump image
Source : BBC [Read Article] Tuesday 12th of July 2016 07:29:22 AM
. Online fashion retailer Asos is predicting full-year sales growth at the top end of forecasts after posting stronger-than-expected trading. ...
Snap, swipe, like image
Source : BBC [Read Article] Thursday 23rd of June 2016 10:58:53 PM
...."For fashion brands the biggest asset is your image, so single-image browsing is crucial," she says. This is just one example of how fashion retailers are responding to the new world of smartphones and social media. ...
Burberry chief operating officer resigns after seven years image
Source : Guardian [Read Article] Friday 10th of June 2016 12:55:44 PM
....Burberry is losing a key member of its management team after John Smith, chief operating officer, announced plans to step down next year. Smith, who said he was leaving to pursue new interests, is understood to be seeking a chief executive post after seven years at the fashion retailer. ...
High street blues: British retail casualties since 2011 image
Source : Guardian [Read Article] Thursday 2nd of June 2016 05:11:16 PM
....May – Austin Reed, the 116-year-old tailoring brand, goes into liquidation with almost 1,000 staff likely to lose their jobs as its 155 stores close. January – Atterley, the online Scandi-inspired fashion retailer founded in 2011 and supported by high-profile backers including former Tesco boss Sir Terry Leahy, goes into liquidation. ...
City news: Debenhams, B&M, Accrol Group and Pets at Home image
Source : Daily Express [Read Article] Friday 27th of May 2016 07:18:00 AM
. Sergio Bucher, who as vice president of Amazon Fashion Europe has overseen its growth into one of Europe’s leading fashion retailers over the past three years, will start work at the department store in October. ...
Debenhams poaches Amazon's Sergio Bucher as new CEO image
Source : Guardian [Read Article] Thursday 26th of May 2016 10:19:31 AM
.... He previously worked at Puma, where he was general manager of retail and e-commerce worldwide. Before that, Bucher held retail roles at Nike and Spain’s Inditex, the world’s biggest fashion retailer, where he led the launch of its lingerie brand Oysho. ...
City news: Shell, Odeon, Model agencies and Dixons Carphone image
Source : Daily Express [Read Article] Thursday 26th of May 2016 08:13:00 AM
...._________________________________________________________________________. TOP UK model agencies including those which launched Naomi Campbell and Kate Moss have been accused of colluding to fix prices charged to customers including high street chains and online fashion retailers. ...
Asos co-founder to sell 1.3m shares to fund divorce settlement image
Source : Guardian [Read Article] Wednesday 25th of May 2016 05:34:45 PM
. One of the founders of Asos is selling a chunk of his shareholding in the online fashion retailer to fund his £70m divorce settlement. ...
Model agencies colluded to fix prices, competition regulator says image
Source : Guardian [Read Article] Wednesday 25th of May 2016 07:43:04 AM
.... Their directors could be fined, barred from running a company for 10 years and, in the worst cases, jailed. Stephen Blake, the senior director of the CMA’s cartels and criminal group, said: “The allegations concern prices charged to a range of customers, including high street chains, online fashion retailers and consumer goods brands. ...
BHS collapse: Philip Green was warned about buyer, MPs hear image
Source : Guardian [Read Article] Monday 23rd of May 2016 06:39:03 PM
.... An announcement about the future of BHS is expected to be made by Wednesday. The potential saviours include Matalan tycoon John Hargreaves, who has formed an alliance with Turkish businessman Cafer Mahiroğlu, the owner of the value fashion retailer Select. ...
Race to acquire BHS enters final stages with Matalan tycoon ahead image
Source : Guardian [Read Article] Thursday 19th of May 2016 06:52:24 PM
....After an initial flurry of interest, the field of buyers has narrowed to a couple of serious contenders as the administrators Duff & Phelps consider only bids for the whole business in the hope of saving as many jobs as possible. The offer from Hargreaves, who has formed an alliance with Turkish businessman Cafer Mahiroglu – the owner of the value fashion retailer Select – is for the business and an estimated £40m to £50m of unsold stock. ...
BHS rescue: bidders include Sports Direct and Matalan founder image
Source : Guardian [Read Article] Tuesday 17th of May 2016 06:26:14 PM
....Bidders for the 164-store chain are understood to include Edinburgh Woollen Mill owner Philip Day and Mike Ashley’s Sports Direct, as well as a “European retail group”. The other bidder is a consortium made up of Matalan founder John Hargreaves and Turkish entrepreneur Cafer Mahiroglu, who rescued the value fashion retailer Select in 2008. ...

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