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TheIndustry.fashion

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Sports Direct JD Sports

Sports Direct warns JD Sports’ deal with Footasylum could increase prices

Sports Direct has weighed in on the competition watchdog’s concerns over rival JD Sports’ attempted £90 million takeover of Footasylum. The retailer, controlled by billionaire...
BRC UK retail sales

Retail sales dip in August amid drop in online shopping

Retail sales dipped by -0.2% month on month in August, following a 0.4% increase in July, the Office for National Statistics (ONS) reported. The ONS...
Footasylum JD Sports

JD Sports’ £90m Footasylum takeover could see higher prices, watchdog warns

JD Sports’ deal to buy high street rival Footasylum could lead to “higher prices” and “worse choice” for customers, the competition watchdog has warned. The...
Next

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...
High street

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

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

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 Arcadia

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

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 Inditex

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

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...
Jack Ma Alibaba

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 coronavirus

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...
Consumer confidence Retail sales High street, independents, retail

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 Topshop

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...
Monsoon Accessorize

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

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...
Arcadia

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...
Retail

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...
Topman Arcadia

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...

 

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