TheIndustry.fashion
Next sees price cuts in no-deal Brexit as half-year profits rise
Next CEO Lord Simon Wolfson has insisted the retailer will cut prices by around 2% if the UK crashes out of the EU without...
Government unveils 69 towns and cities set for high street funding
The Government has revealed the 69 high streets across England that will benefit from a £95 million fund to revive historic shopping areas.
Ministers said...
Next set to continue strong growth
All eyes will be on Next CEO Lord Simon Wolfson on Thursday next week as he unveils the high street chain’s latest set of...
N Brown plans to make extra £30m PPI provision
N Brown, the group behind brands Jacamo, Simply Be and JD Williams ,expects to put aside up to £30 million extra to deal with...
Topshop and Topman losses widen to £505m
Sir Philip Green’s Topshop and Topman fashion chains saw losses widen to more than half-a-billion pounds last year after sales tumbled.
The high street brands...
John Lewis sounds alarm over no-deal Brexit as it slumps to...
The John Lewis Partnership has warned that the hit from a no-deal Brexit would be “significant” and impossible to offset as it tumbled to...
Zara owner hails sales boost from hot weather and polka-dot dress
Zara owner Inditex has said sales surged during the first half of the year as the high street fashion brand was bolstered by warm...
New Look sales slump but turnaround on track
High street fashion chain New Look is the latest retailer to suffer due to the poor weather in May and June, with its quarterly...
Alibaba founder Jack Ma steps down as chairman
Alibaba Group founder Jack Ma, who helped launch China’s online retailing boom, has stepped down as chairman of the world’s biggest e-commerce company.
The move...
Primark will keep prices low despite Brexit cost pressure
Primark has promised customers it will not increase its prices, despite seeing costs jump due to Brexit.
John Bason, finance director at the value fashion...
High street footfall declines again as cautious shoppers hold back
Visits to Britain’s high streets continued to decline over August, as nervous consumers reined back spending.
Footfall to British shopping locations was down -1.3% overall...
Arcadia slumped to £177m loss ahead of CVA
Arcadia, Sir Philip Green's fashion retail empire, has laid bare the state of its finances in the year before its move to shake up...
British Land made challenge to Monsoon Accessorize rent cuts
Shopping centre owner British Land has tried to block Monsoon Accessorize’s restructuring efforts, in another showdown between struggling high street retailers and their landlords.
The...
Boden chief to exit as brand warns of consumer uncertainty
Boden chief executive is to leave the middle-class fashion brand at the end of 2019 after three years in the role.
Jill Easterbrook, who previously...
Sir Philip Green loses Arcadia chairman in latest high-profile departure
Sir Philip Green has been hit by another high-profile departure from his retail empire after it emerged the chairman of Arcadia stepped down on...
Brexit uncertainty leads to slide in non-food sales in August
The warm late summer weather helped food sales in the UK grow, but these were offset by a fall in non-food sales as shoppers...
Arcadia COO David Shepherd departs after 25 years
David Shepherd, a key lieutenant in Sir Philip Green’s retail empire, has stepped down from his position as chief operating officer at Arcadia.
Representatives for...
High street braced for £660m rates increase
High street businesses are facing an increase of more than £660 million to rates bills next year, as companies band together to ask the...
Seraphine says no deal Brexit threatens global expansion
Seraphine, the maternity brand which is a favourite of the Duchess of Cambridge and many celebrities, has warned that a no-deal Brexit threatens its...