TheIndustry.fashion
Grim week on the high street leaves 26,500 jobs in peril
Around 26,500 retail jobs are at risk after a grim week for the UK high street, which saw three big names enter into administration...
New menswear DTC brand Hand and Jones launches
Hand and Jones, a new DTC British men’s lifestyle brand specialising in premium men’s basics, has launched. The eponymous brand is inspired by founder...
Ann Summers launches restructuring to slash rent bill
Lingerie and sex toys retailer Ann Summers has launched a restructuring plan to cut rents at 25 of its stores. The high street chain, which...
Ted Baker to reveal turnaround progress as closures weigh on half-year...
Ted Baker is set to reveal the progress of its turnaround plans as the premium fashion retailer is also expected to post a slump...
Retail footfall plummets in November amid second English lockdown
Retail footfall plummeted last month as England’s second national lockdown piled pressure on troubled high street retailers, according to new figures. The BRC-ShopperTrak footfall monitor...
Primark owner takes £430m hit from lockdown closures
Primark owner Associated British Foods (ABF) has revealed that the second national lockdown in England, along with regional lockdowns and restrictions, has hit sales...
Collapsed Arcadia empire limits gift cards to half the purchase price
Shoppers with gift cards for Sir Philip Green’s collapsed fashion retail empire, Arcadia, have been told they can only use them for half of...
Lady Tina Green to pay £50m early into Arcadia pension scheme...
Lady Tina Green has said she will pay another £50m of cash towards Arcadia Group’s hefty pension deficit after the Topshop-owner collapsed into administration. Last...
Keir Starmer: Arcadia’s collapse threatens to “rip the heart out” of...
Boris Johnson must bring forward a comprehensive plan to save retail jobs given more than 200,000 have been lost this year, Labour has urged. Sir...
Bonmarche collapses into administration again
Value women’s clothing chain Bonmarche has collapsed into administration for the second time in just over a year, putting more than 1,500 jobs under...
Early morning queues as shoppers hit the stores for “Wild Wednesday”
Thousands of non-essential stores are re-opening today as England’s second national lockdown comes to an end. Shoppers have reportedly been queuing early outside shops in...
Retailers ramp up festive discounting amid “extremely challenging year”
Prices in shops are tumbling in the run-up to Christmas amid the crisis on Britain’s high streets, which has left retailers in a precarious...
Competition watchdog to appeal against tribunal over JD Sports’ Footasylum deal
The competition watchdog has said it intends to appeal against a Competition Appeals Tribunal ruling, after it overturned the regulator’s decision to block JD...
Arcadia in administration: What comes next?
Administrators from Deloitte are now in control of Arcadia. With a huge task ahead, they will start the process of figuring out what can...