All Fashion articles – Page 153
-
NewsPrimark ‘encouraged’ by trade since reopening but profits to plunge
Value fashion giant Primark’s profits will be down by about two thirds this year, but trading in reopened stores has been encouraging.
-
GalleryIn pictures: The retailers opening new stores in lockdown
While many retailers have tightened their belts to counter the impact of the coronavirus pandemic, some have used the time to launch new concept stores to expand their reach.
-
NewsHarrods to slash hundreds of jobs as coronavirus craters tourism
Luxury department store Harrods is poised to make hundreds of redundancies, blaming the coronavirus pandemic for stifling sales and driving down tourism.
-
NewsArcadia to cut 500 head office roles in post-coronavirus restructuring
Arcadia plans to cut a fifth of its head office staff in a bid to cut costs following the coronavirus pandemic.
-
NewsTM Lewin shutters stores after tumbling into administration
Shirtmaker TM Lewin is set to close all of its UK stores, putting over 600 jobs at risk, after it fell into administration due to the impact of the Covid-19 pandemic.
-
NewsOnline sales hit record high as lockdown eases
Multichannel retailers led the way as online sales soared in the week beginning June 15, despite stores reopening their doors to the public.
-
NewsBoohoo faces investor scrutiny over £150m bonus scheme
Boohoo has been criticised by a growing number of investors for the implementation and timing of its new bonus scheme, which could see its bosses receive a £150m payout.
-
NewsKanye West’s Yeezy to partner with Gap
Rapper Kanye West has signed a “multi-year partnership” deal to launch Yeezy Gap – a new line of men’s, women’s and children’s clothing that will launch in Gap’s stores and online in 2021.
-
NewsNew Look mulls pre-pack administration in bid for turnover-based rents
Struggling fashion retailer New Look is threatening landlords with a potential pre-pack administration in a bid to move its store estate over to turnover-based rents, Retail Week can reveal.
-
NewsH&M sales slip but retailer predicts imminent recovery
H&M reported that its sales slumped during the first half of the year as the effects of the pandemic bit, but predicted that a recovery was on the horizon.
-
NewsM&S and Next eye Victoria’s Secret UK arm
High street stalwarts Marks & Spencer and Next are understood to be mulling bids for beleaguered lingerie brand Victoria’s Secret’s UK division.
-
NewsSosandar appoints new finance director
Sosandar has appointed Stephen Dilks as its new finance director, to replace head of finance James Bowling.
-
NewsMatalan bolsters board as full-year profits fall
Matalan’s full-year profits dropped despite a slight uptick in revenues, amid a challenging backdrop of political uncertainty and decreased spending.
-
NewsN Brown profits and sales slump in ‘year of restructuring’
N Brown has reported falling profits and sales across its brands in what it called a “year of restructuring”.
-
AnalysisData: Consumers plan to rein in spending for the next 12 months
Exclusive consumer research by Retail Week reveals that shoppers plan to rein in their spending in the next 12 months as they reconsider their purchasing habits in the wake of the global pandemic
-
AnalysisGo Outdoors rent day pre-pack – is JD Sports right to shaft landlords?
JD Sports has become embroiled in controversy after putting subsidiary Go Outdoors into administration before promptly buying it back and seeking to secure better rent deals. But should JD be cheered or jeered?
-
AnalysisAnalysis: Is UK retail turning its back on internationalism?
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
-
NewsStudio Retail Group sales soar in lockdown
Value group Studio Retail has recorded a 55% sales increase year on year in the 11 weeks since April 23.
-
NewsAll Saints launches CVA in bid to secure turnover-based rents
Embattled fashion brand All Saints has become the latest retailer to launch a CVA with the hopes of shifting most of its stores over to turnover-based rents.
-
AnalysisJohn Lewis, Superdry, Lush and Waterstones on trading in retail’s new normal
After three months of shuttered doors due to the coronavirus, English non-essential retail reopened to the public on Monday. Retail Week analyses the lessons to be learnt from the first days of trading.