All articles by Lisa Berwin – Page 45
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Burberry venture to tap Middle Eastern promise
Luxury retailer Burberry is putting its faith in emerging markets as trade generally continues to be “volatile”.
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Jaeger fashions line to toast 125th milestone
Jaeger will celebrate its 125th birthday in style next year with a special heritage fas-hion collection.
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MK One in administration again
Value fashion retailer MK One has once again fallen into administration.
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Puma stops supplying JJB Sports
One of JJB Sports' biggest suppliers, Puma, is understood to stopped supplying its product to the sports retailer.
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Carphone Warehouse confirms potential business split
Carphone Warehouse chief executive Charles Dunstone has confirmed that he is looking at splitting the retail and broadband arms of the business as the company reported EBITDA growth of 51 per cent to 112 million in the 26 weeks to September 27.
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Next expected to make job cuts
Next is the latest in a long list of retailers expected to instigate job losses to cut costs.
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Asos sales and profits soar
Online fashion retailer Asos has once again defied the economic downturn, reporting a jump in pre-tax profits of 68 per cent to 4.1 million for the six months to September 30.
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Arev partners leave the business
Arev, the investment vehicle behind retail investments including Jones Bootmaker, Blooming Marvellous and Mountain Warehouse, has suffered an exodus of its partners following the failure of its Icelandic backers to provide future funding for its investments.
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Long Tall Sally back in black after a decade
Specialist fashion retailer Long Tall Sally has made an operating profit for the first time in 10 years, according to owner and retail entrepreneur Maurice Helfgott.
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More Otto jobs under threat in costs review
Otto UK has revealed its on-going review could have an impact across all departments after entering into a consultation period with its buying and creative teams.
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Shoe retailer Shuropody to up footprint to 100 stores
Shoe and footcare retailer Shuropody has laid out ambitious plans to turn over more than 50 million within five years.
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Aldi set to offer cheap holidays on travel site
Discounter Aldi is set to launch a travel website offering customers cheap holidays.
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New chief executive for Instore
Instore, which also trades as Poundstretcher, has appointed Aziz Tyub as its new chief executive.
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Shop Direct earnings rocket
EBITDA at Shop Direct Group soared 130 per cent to 60.9 million last year.
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NewsProfits soar for La Senza
Pre-tax profits at lingerie specialist La Senza soared to £10.3 million for the year to March 29, up 71.7 per cent from £6 million the year before.
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Hardy Amies UK stores to close following sale to Fung Capital
Updated: Hardie Amies’ six UK stores are to close by the end of the month following the brand’s acquisition by a new investor.
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Tesco begins fight against 'competition test'
Tesco is starting its fight today against the Competition Commission’s recommended new planning rules.
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More than 100 Otto UK jobs at risk
Otto UK is considering moving its buying and merchandising departments to Germany, which could affect more than 100 jobs at the multichannel retailer.
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Net-a-Porter chief Sven Gaede resigns
Net-a-Porter’s chief executive Sven Gaede has resigned less than six months after joining the business.
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Downturn triggers rise in retail crime
The economic downturn is having a growing impact on shoplifting with thefts at Tesco up more than a third this year.