All Fashion articles – Page 773
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NewsDebenhams first-half profits rise and second half starts well
Debenhams has revealed a strong start to its second half after notching up a 10.7 per cent rise in first-half pre-tax profits.
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NewsInditex brings in system for speedier store design
Spanish fashion giant Inditex has introduced a system to its store design department to speed up the design process for shops worldwide.The Windchill system, provided by PTC, manages the information Inditex holds about the building equipment, interior design and furnishing of its stores.Inditex is increasing the standardisation of the furnishings ...
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NewsAlexon profits dive as Bay Trading suffers tough competition
Fashion group Alexon has revealed that pre-tax profits before exceptionals plummeted to £3.5m in its full year to January 31, from £16.4m the year before.After exceptionals of pre-tax losses were £27.7m, down from a £12m profit in 2008.Turnover fell 4.5 per cent to £250.3m with like for like sales down ...
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NewsAnnual growth of online sales slows
Year-on-year growth for online retailers is beginning to slow as sales for March grew just 19 per cent, lower than the year before.Month-on-month sales continued to grow up 9 per cent as online shopping continues to grow in popularity, according to the latest IMRG Capgemini e-retail Sales Index.Capgemini UK head ...
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NewsThree retailers set to open in Cambridge’s Grand Arcade
Calvin Klein, Kurt Geiger and Jack & Jones are set to open stores in Cambridge for the first time.All three have taken stores at the Grand Arcade shopping centre, which is owned by Grand Arcade Partnership, a joint venture between Grosvenor and Universities Superannuation Scheme.They join brands already trading in ...
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NewsNew Look to launch second generation e-commerce site
New Look is to replace its website platform with a system from ATG.
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NewsPrimark first half sales hit £1bn
Primark outperformed the fashion market with sales breaking the £1bn mark in its first half, but warned margins will come under increasing pressure.
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NewsAlexon rejects approach to acquire business
Fashion group Alexon has rejected an unsolicited approach from an unnamed third party wanting to acquire the retailer.
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NewsBurberry set to hit market expectations
Burberry said it will hit market expectations for its full year pre-tax profits after revenue for its second half to March 31 grew 2 per cent.
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NewsLondon like-for-likes climb 5.1 per cent
London retail sales grew 5.1 per cent on a like-for-like basis in March, outperforming the UK as a whole which declined 1.2 per cent.The British Retail Consortium-KPMG figures show like-for-likes grew 5.8 per cent in January to March, while UK like-for-likes dropped 0.7 per cent.The BRC said comparisons were difficult ...
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NewsBRC demands credit insurance redress at Budget
Half of large retailers say the reduction or withdrawal of trade credit insurance has undermined their ability to trade.According to the British Retail Consortium’s Credit Conditions Survey, 40 per cent of small and medium-sized retailers also say the reduction or withdrawal has undermined their position.Two thirds of larger retailers believe ...
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NewsFashion Retail Academy students’ idea to represent UK
An e-tail idea created by students from the Fashion Retail Academy, Updatemywardrobe.com, will represent the UK in the Retail Futures Challenge at the World Retail Congress.The students were asked to come up with a business idea they believe represents the future of the sector and ...
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NewsJane Shilton considers its options after tough year
Shoes and handbag retailer Jane Shilton could be sold as the company explores its financing options.The retailer, which sells via three standalone stores, concessions and online, is “exploring its options”, according to sources. This could include a sale or refinancing.In its last set of accounts at Companies House for the ...
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NewsBurberry downgraded after rally
UBS last week downgraded Burberry from neutral to sell after the upscale fashion group’s stock rose by 30 per cent the previous week.Burberry posts fourth-quarter sales next week and finals in May. “If there is no positive surprise with the trading update, we think the stock may come under pressure,” ...
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AnalysisLife after retail redundancy
Losing your job in this climate is a massive blow, but it needn’t be the end of the world. Five individuals from different retail backgrounds discuss their experiences
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NewsMen’s fashion brand Boggi enters the UK
Italian menswear retailer Boggi has entered the UK market with a store in the West End of London and plans to open at least four more in the Southeast.It has opened on Jermyn Street – famed for its upmarket tailored menswear stores – and has signed for a second unit ...
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NewsDorothy Perkins embarks on branded clothing trial
Arcadia-owned Dorothy Perkins has introduced non-own brand products for the first time as it seeks to drive its fashion credentials.The retailer last week introduced apparel brands TFNC and Uttam London into 20 of its stores and on its website. TFNC is also sold in some of stablemate Topshop’s stores while ...
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NewsBrokers cut forecasts over concern for Next
Two big brokers have issued bearish notes on Next, fuelled by concerns ranging from the impact of price rises to management continuity and strategy.ING initiated coverage last week with a sell note, just days after Credit Suisse cut its forecasts.Discretionary demand for mid-market clothing and gross margin pressure were among ...
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NewsSuppliers chase deals for unsold Principles product
A battle is being waged between suppliers and retailers over the future of £5m of Principles stock left unsold following the administration of former parent company Mosaic.Ex-Principles directors have set up The Principles Trading Company to pay forward freighters and suppliers with stock on the water.However, Debenhams, which acquired the ...