All Fashion articles – Page 155
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AnalysisCoronavirus: Next’s Lord Wolfson on cash, customers and trading safely
As fashion bellwether Next reports a “faster and steeper” fall in sales in the wake of the coronavirus outbreak than expected, how is the retailer adapting to tough conditions afflicting the whole industry?
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NewsNext warns sales fall during coronavirus ‘faster and steeper’ than anticipated
Next has issued a lengthy trading update warning that the fall in sales as a result of the coronavirus has been “faster and steeper” than it anticipated in March.
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NewsCoronavirus: Shop prices plummet at sharpest rate since 2017
Shop prices fell in April at their steepest rate in over three years, exacerbated by non-food, as retailers grappled with the impact of economic uncertainty on consumer confidence and discretionary spending triggered by coronavirus.
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NewsOasis and Warehouse boss Hash Ladha exits
Oasis and Warehouse’s group chief executive Hash Ladha has stepped down from his role as the company continues its administration process.
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NewsMarks & Spencer secures fresh funding and warns of ‘subdued’ trading
Marks & Spencer has secured fresh funding as it moves to shore up its balance sheet during the coronavirus crisis.
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NewsRetailers cancel £2.5bn of orders from Bangladesh amid coronavirus crisis
British retailers have cancelled an estimated £2.5bn in clothing orders from Bangladeshi suppliers, pushing the country’s garment industry towards a “major crisis”.
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VideoHas retail changed forever? Inside the mind of the post-coronavirus consumer
The coronavirus pandemic has already sparked a seismic shift in the way people behave and shop, but what longer-lasting effects will it have on the retail industry and its customers?
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NewsCoronavirus: JD Sports boss Cowgill takes 75% pay cut
JD Sports has launched a range of cost-cutting measures and delayed the publication of its preliminary results amid the coronavirus pandemic.
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NewsSharpest decline in retail sales on record as store closures bite
The Office for National Statistics (ONS) has recorded the steepest decline in retail sales in March since the tracker was launched in 1996.
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AnalysisThe Big Question: Are retailers failing their suppliers if they don’t pay for cancelled orders?
As Asda comes under fire for cancelling clothing orders with suppliers and Primark pledges a further £370m in its supplier support package, are fashion retailers doing enough to support their wholesale partners? Retail Week asks industry experts for their views.
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NewsMarks & Spencer acts to support clothing suppliers during pandemic
Marks & Spencer has implemented a raft of measures to help suppliers ride out disruption during the coronavirus outbreak.
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NewsLaura Ashley brand rescued by Gordon Brothers
Restructuring and investment firm Gordon Brothers has bought the Laura Ashley brand and its intellectual property from administrators PwC.
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AnalysisAnalysis: How Boohoo has played to its strengths during coronavirus crisis
With the UK under lockdown and non-essential bricks-and-mortar stores closed, the coronavirus pandemic has been bruising for many fashion retailers. However, Boohoo bosses believe the challenging conditions have demonstrated the inherent strengths of their business, from an agile supply chain to social media resonance.
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NewsTed Baker snaps up former Next chair John Barton
Ted Baker has appointed easyJet chair John Barton as its new chair, with the experienced executive set to join the struggling fashion retailer’s non-executive board in July.
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Future LeadersListen: ‘If you are striving for money alone, it is soul-destroying’
Toast chief executive Suzie de Rohan Willner describes how vision and purpose have made her the leader she is today
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NewsMoss Bros buyer attempts to retract offer amid coronavirus disruption
Crew Clothing owner Brigadier Acquisition Company is aiming to have its offer the acquire Moss Bros in a £22.6m deal lapse.
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NewsBoohoo full-year sales and profits soar in ‘great’ year
Boohoo has reported a strong rise in its preliminary sales and profits as boss John Lyttle said the coronavirus pandemic had highlighted the “key strengths” of the business.
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AnalysisAnalysis: Primark’s plan to ‘come back with a bang’
Value fashion powerhouse Primark is preparing to draw shoppers through its doors by wowing them with every weapon in its armoury when it reopens after the coronavirus emergency.
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NewsCoronavirus: NGOs call for ‘urgent action’ to protect textile workers
Non-governmental organisations from around the world have called on international governments and fashion brands to do more to protect textile workers struggling with unsafe working conditions or lost jobs due to coronavirus.
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NewsJoules accesses extra financing as online sales outperform
Apparel retailer Joules has successfully struck new financing arrangements and reported better than expected online sales.