Wednesday, September 23, 2020

Santander banks on Aspinal of London’s success

Luxury goods maker and retailer Aspinal of London has secured £9.75m in funding from Santander to fuel its plans for expansion.  The funding package is part of Santander‘s Breakthrough Production...

Inditex starts the season fashionably with stellar quarter

Inditex, the world‘s largest clothing retailer, has had a strong quarter as it posted a 26% increase in sales for the first half of its fiscal year, beating expectations. ...

The UK remains prime location for South African buyers

South African fashion retailer Truworths is eyeing up footwear brand Office, and is in talks with the company‘s owner, Silverfleet Capital, to buy.  A takeover price is estimated at around £300m...

Burberry launches its own channel on Apple Music

In the latest example of luxury colliding with fashion, Burberry has become the first retailer to create a dedicated channel on Apple Music. The new chic streaming service, which aims...

Boden sizing up UK and US for expansion

Boden, which currently trades from just one physical store alongside its website, is looking to open more outlets in the UK as well as...

Jaeger boss steps down in the middle of five-year turnaround plan

Colin Henry has stepped down as CEO of British fashion label Jaeger, only two years into his five-year turnaround strategy. Today Better Capital announced...

Shop Direct closes call centre in response to changing shopper habits

Home shopping retailer Shop Direct is planning to close two of its call centres, putting almost 700 jobs at risk. Webhelp, which operates the...

Next says National Living wage could drive inflation

High street giant Next has reported a 7.1% rise in pre-tax profits after sales of full-price goods surpassed even the retailer‘s own predictions.   The fast...

Sales suffer as bank holiday shoppers would rather stay dry

Retail sales have fallen by 1% on a like for like basis in August, compared to the same period last year. Most of the blame has fallen...

Mulberry‘s Group Finance Director steps down

After eight years‘ service, Mulberry has announced that its Group Finance Director, Roger Mather will be stepping down. Mather notified the Board of his...

Feature Resource

The new festive shopping report

Find out what consumers are looking for in their seasonal shopping experience in our New Normal Festive Shopping Report. Get insights from our poll of 2,000...