Superdry today revealed an expected £10 million lower profit warning for its full year performance ending in April 2019, blaming the long hot summer, warmer than usual early autumn weather and foreign exchange rates, combined with weak consumer confidence.
Posted In Business, News & Insight, Retail & Etail
Superdry issues profit warning citing warm weather and foreign exchange costs
Posted In Brands & Designers, Fashion, Interviews, People
The Industry Interview: Ahmet Mercan, Alpha Tauri and Red Bull
The move from energy drinks to fashion may seem an unlikely one, but Red Bull has already successfully spread its branding wings into ownership of Red Bull Formula One racing team and Red Bull Salzburg Football Club, and all related merchandise and apparel, as well as supplying specialist kit for athletes in numerous fields.
It’s now having a real crack at the fashion market with a new collection called Alpha Tauri, as we find out from the man leading the drive, Ahmet Mercan, who is general manager of Alpha Tauri & head of global consumer products Red Bull.
Posted In Business, News & Insight, Retail & Etail
Sustainable footwear brand AllBirds closes $50m Series C funding round
Innovative and sustainable footwear brand AllBirds has closed a $50m Series C funding round; the news breaks in the week before the brand makes is UK retail debut with a new store in Covent Garden.
Posted In Brands & Designers, Fashion, News & Insight, Retail & Etail
Edmund Hillary climbs fashion heights with new AW18 collection
Freshly landed in stores comes the much researched new AW18 Edmund Hilary collection, which has the backing of his son, Peter Hillary.
Posted In Brands & Designers, CSR & Sustainability, Fashion, News & Insight
Yatay vegan footwear launches in London
This week saw sustainable vegan footwear brand Yatay from Milan launch in London with an event at Mortimer House in Fitzrovia.
Posted In News & Insight, Retail & Etail
House of Fraser acquires Frasers of Glasgow freehold for £95m
House of Fraser has acquired the freehold to the Frasers building in Glasgow for £95m safeguarding the future of the store and its 800 staff.
Posted In Business, News & Insight, Retail & Etail
Coast falls into administration and is bought by Karen Millen
Coast, the premium women’s occasion wear retailer, was placed into administration today and fellow premium women’s chain Karen Millen quickly acquired its brand, website and concessions business. However Coast’s standalone stores and international concessions will close.
Posted In CSR & Sustainability, News & Insight, Retail & Etail
Superdry unveils disabled mannequin shop window for Invictus Games
Superdry today unveiled a disabled mannequin shop window at its flagship Regent Street store with former Lance Bombardier, Daniel Richards, as part of a celebration of the brand’s partnership with Team UK for Prince Harry’s The Invictus Games, taking place in Sydney on 20-27 October.
Hugo Boss will open its first standalone HUGO store outside of London at the Bullring shopping destination in Birmingham next month.
Luxury lingerie brand Myla has opened the doors to its new Mayfair store, following the brand’s relaunch in the UK under its new CEO Garry Hogarth and creative director Gregor Pirouzi.