Finance

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Savile Row Tariffs

UK-made fashion items to be hit by US tariffs

Certain made in Britain clothing items will be hit by 25% import tariffs to the US after President Trump’s decision to retaliate for

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Ted Baker

Ted Baker profits turn red as shares slump

Ted Baker has slumped to a loss as bosses said heavy discounting across the high street, consumer uncertainty and a poorly received spring/summer

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Marks & Spencer

Marks & Spencer says clothing turnaround “behind schedule”

Marks & Spencer has told analysts that “progress is behind schedule” for the turnaround of its ailing clothing and home business. Bosses at

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JD Sports

JD Sports faces full-scale competition probe into Footasylum buy

JD Sports Fashion has insisted its £90 million takeover of high street rival Footasylum will not be bad for shoppers as it faces

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Forever 21

Forever 21 files for Chapter 11 bankruptcy protection

Forever 21, the US-based value fashion giant has fallen victim to its own rapid expansion and changing consumer tastes, and has filed for Chapter

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Office

Office refinances debt and moves ahead with closures

Office owner Truworths has concluded a refinancing of the footwear chain securing its future, but some store closures will go ahead. Truworths said

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Carl Scheible Clearpay

Revolution in payments as young millennials shun credit

The millennial generation is shunning credit cards in favour of debit cards and other payment options, according to a new study by YouGov

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Klarna

Klarna unveils major outdoor ad campaign as UK users exceed 3m

Disruptive payments provider Klarna has unveiled a major outdoor advertising campaign, in partnership with a number of high profile retailers, as it reveals

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Debenhams

Debenhams names replacement for outgoing CFO

Debenhams has named Mike Hazell as its new CFO replacing Rachel Osborne whose move to Ted Baker was revealed earlier today. Hazell has

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Ted Baker

Ted Baker appoints Debenhams CFO Rachel Osborne

Debenhams CFO Rachel Obsorne is quitting after just a year at the embattled department store chain to join Ted Baker. Osborne will join

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Business rates

Fresh calls for business rates overhaul after bailiff figures revealed

Chancellor Sajid Javid is facing fresh calls to deliver Budget measures to ease the burden of business rates after new figures showed councils

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Marks & Spencer

Marks & Spencer CFO quits role as firm slides out of...

Marks & Spencer chief financial officer has quit weeks after it was announced the retailer would drop out of the FTSE 100 for the

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