All Fashion articles – Page 679
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New chief shuffles top team to ‘put Fat Face back on the map’
New Fat Face chief executive Anthony Thompson has reshuffled his top team to streamline the business and help “put Fat Face back on the map”.
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Fashion chains to hike autumn prices up to 8%
Fashion retailers have called time on deflation and are set to hike prices by up to 8% for autumn as they contend with volatile currencies, higher commodity costs and the likelihood that VAT will rise.
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NewsAmerican Apparel struggles with debts as losses deepen
The future of young fashion chain American Apparel has been thrown into question for the second time in just over a year as the retailer struggles to repay its debts to private equity firm Lion Capital.
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NewsMothercare sales pass £1bn but City profit expectations not met
Maternity specialist Mothercare generated full-year sales of more than £1bn for the first time last year but profits narrowly missed City expectations.
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NewsJD Sports adds to brand stable with Sonneti acquisition
JD Sports Fashion has bought preppy menswear brand Sonneti from the WDT stable of brands.
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1,000 Uniqlo stores to open in China
Fast Retailing has announced plans to open 1,000 Uniqlo stores in China within 10 years, generating ¥1 trillion (£7.47bn) in sales.Uniqlo will open a 38,000 sq ft flagship store in Shanghai this weekend, giving it a total of 65 stores in China. Beginning in the fiscal year 2012, Uniqlo will ...
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H&M ito open its first store in the southern hemisphere
H&M is looking at opening its first store in the southern hemisphere. Chief executive Karl-Johan Persson said Brazil and Argentina were “very interesting”, but H&M is also looking at Australia. At present none of the retailer’s 2,000 stores are located south of the equator.Persson confirmed that the retailer has the ...
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Macy's like-for-likes up 5.5%
Macy’s has reported $5.57bn (£3.85bn) sales in the first quarter, an increase of 7.2% compared with the same period last year. Sales were up 5.5% on a like-for-like basis.Online sales (Macys.com and Bloomingdales.com combined) were up 34% in the period.Net income was $23m (£15.9m), compared to an $88m (£60.9m) loss ...
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Nordstrom like-for-likes up 12% in Q1
Nordstrom has reported that net income rose 43.8% to $116m (£80.5m) for the first quarter ended May 1. Total sales rose 16.7% to $1.99bn (£1.38bn) while like-for-likes were up 12%. Multichannel like-for-likes increased 13.7% while full-line like-for-likes rose 11.7% and direct sales were up 38.7%. Nordstrom Rack like-for-likes rose 1.9%.Nordstrom ...
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NewsMenswear sales improve at French Connection
French Connection saw like-for-like retail sales in the UK and Europe fall 1.9% for the 14 weeks ended May 14, but performance was ahead of plan and better than last year thanks to improved gross margin and cost controls.
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NewsM&S recruits 1966 World Cup winners to front menswear campaign
Marks & Spencer will launch a new menswear advertising campaign on Friday, featuring players from the 1966 World Cup-winning England team as well as members of the current England squad.
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NewsJames Bidwell leaves Anthropologie
Managing director of Anthropologie Europe James Bidwell has left the retailer after a business restructure made his role redundant.
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NewsJaeger sales flat but EBITDA climbs
Jaeger reported flat sales at £85.5m in the year to February 28, and a 16% increase in EBITDA to £7m.
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NewsEthel Austin reborn as Life & Style
Elaine McPherson, the former owner of Ethel Austin, has secured an injection of funds to launch fashion and homewares chain Life & Style, born from the ashes of the value chain which she rescued from administration for a second time in March.
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NewsOne New Change signs clutch of retailers
One New Change, the new shopping centre located in the City of London, is 90% pre-let or in solicitors’ hands.
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NewsInflation hits 3.7% in April
Consumer price inflation (CPI) rose in the year to April to 3.7%, according to the Office for National Statistics.
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NewsBaugur boss stands down from Iceland board
Former Baugur boss Jón Ásgeir Jóhannesson has stepped down from the board of frozen food specialist Iceland and confirmed that he has also retired from the House of Fraser board after a $2bn fraud lawsuit was filed against him in the US.
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NewsPhase Eight in management buy-out
Phase Eight, the womenswear retail chain, is set to be taken over by its management in a deal backed by Russian investors, ending its links with the private equity arm of Icelandic bank Kaupthing.
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NewsH&M like-for-likes decline 6% in April
H&M’s group like-for-like sales fell 6% in April compared with the same month last year.