Miscellaneous
The latest news
Matalan makes strides in turnaround, new in-house womenswear labels strong
Matalan has filed its accounts for its latest financial year and also updated on the first quarter of this year with the company clearly making progress in its turnaround.
Fashion
Brexit has damaged UK economy even though trade with EU has recovered
Britain is becoming a more closed economy due to Brexit, with bad long-term implications for productivity and wages to leave the average worker £470 a year poorer by the end of the decade, a study said on Wednesday.
Fashion
UK inflation spikes again to hit another 40-year high
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch.
Fashion
Frasers Group increase stake in Hugo Boss again
Frasers Group said on Wednesday that it has once again increased its holding in German luxury fashion giant Hugo Boss. The company now – either directly or indirectly – controls more than 30% of the firm’s stock.
Fashion
Franchise Group in talks to keep Kohl's management team after a sale
Franchise Group, the preferred bidder to acquire Kohl's, is in discussions to keep the retailer's top management team, including CEO Michelle Gass, if the planned sale is finalized.
Fashion
L'Oreal CEO remains confident on outlook for beauty industry
L'Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming "even more complicated.
Beauty
Bally names Sisouk to new digital chief role
Bally has a new chief digital officer with Nathalie Sisouk taking the role at the Swiss luxury brand. The new position comes with a seat on the executive committee, with Sisouk tasked to drive the firm's digital agenda.
Luxury
Primark unlikely to add home delivery, despite click & collect trial
The billionaire whose family controls Primark’s parent company has poured cold water on the idea that its newly-announced trial of click & collect services could lead to an eventual full offer online.
Fashion
Boss tech-enabled mega flagship opens on Oxford Street, offers personalisation
The wraps have finally been taken off the new Boss store that has been tantalising passers-by on Oxford Street in recent months. The megastore proves that the street retains its appeal for big names in fashion.
Fashion
Asda chair Rose calls for more government help for businesses, consumers
Retail stalwart Stuart Rose has joined business leaders in calling on the government to act on the cost of living crisis and rocketing inflation. The Asda chairman has urged ministers to help struggling households.
Fashion
UK government outlines BNPL tightening rules
Long-awaited proposals to tighten buy-now-pay-later (BNPL) rules in the UK have been tabled by the government In a bid to improve protection for users of the short-term credit.
Fashion
Analysts question chances of Boots sales as it gets harder to borrow for deals
It’s been so long on the market, Boots may be in danger of missing its sell-by date. With inflation and interest rates rising on both sides of the Atlantic, a deal to buy the retailer could be at risk of collapsing.
Beauty
Hot weather both helps and hinders UK footfall in latest week
Two weekly footfall reports on Monday showed that visitor traffic to retail destinations continues to climb, but that the goal of reaching and even exceeding the same level as 2019 remains elusive.
Fashion
Primark to launch Click & Collect test, sees strong SS22 as holidays return
Primark had big news on Monday and no, it wasn’t that trading is going well (which it is). It was that the company is working on a UK launch of a trial Click & Collect service for the end of this calendar year.
Fashion
eBay Europe head Hattrell poached by Asda backer TDR
Asda backer TDR Capital has poached eBay European boss Rob Hattrell. He joins the private equity firm as a partner from September. The news coincides with Asda saying its chief customer officer Meghan Farren is leaving.
Fashion
Landlord says Regent Street will suffer in work-from-home revolution
Prime London retail destination Regent Street faces a rise in empty stores, damaged by the post-pandemic work-from-home trend, according to the Crown Estate, as footfall levels in central London remain low.
Fashion