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Burberry confirms dates and timeline of leadership changes

Monday 16 January 2017 - Posted by Elias Jahshan

Burberry’s leadership transition is set to begin this month, with Marco Gobbetti initially joining in the role of executive chairman for the Asia-Pacific and Middle East before becoming chief executive in July. The luxury British fashion retailer first announced Gobbetti's app...


Mitchell & Ness makes international shop debut in London

Friday 13 January 2017 - Posted by Elias Jahshan

US fashion retailer Mitchell & Ness has made its international debut in London, opening a flagship store in Soho this week. Specialising in nostalgia sports apparel, including jerseys, headwear and accompanying merchandise from brands such as Concepts, Reigning Champs and more...


Uniqlo profits soar in first quarter

Friday 13 January 2017 - Posted by Elias Jahshan

The Japanese parent company of Uniqlo has recorded a surge in profits in its first quarterly update. Fast Retailing said its operating profit in the quarter to November last year went up by 16.7 per cent to 88.5 billion Japanese yen (£6.35 million), while profit before taxes i...


British fashion market experiences deepest decline since recession

Friday 13 January 2017 - Posted by Elias Jahshan

New annual figures on the British fashion market show that its decline in 2016 continued with a two per cent drop in sales compared with the year before. This is the deepest decline the market since August 2009, according to Kantar Worldpanel, wiping almost £750 million off it...


Mothercare recovers locally despite mixed results abroad

Thursday 12 January 2017 - Posted by Elias Jahshan

Mothercare has recorded growth in domestic sales over Christmas but its international trading returned “mixed” results. The maternity and babycare retailer reported a one per cent uptick in like-for-like sales in the UK over the 13 weeks to January 7, boosted by 5.5 per cent o...


Superdry parent company enjoys bumper growth in first half and Christmas

Thursday 12 January 2017 - Posted by Elias Jahshan

The parent company of fashion retailer Superdry is celebrating not just because of growth in sales and profits in its first half, but also because of a bumper festive trading season. SuperGroup recorded a 20.6 per cent spike in retail revenues to £162.1 million and 14.9 per ce...


Debenhams' beauty & gift ranges aid healthy growth

Thursday 12 January 2017 - Posted by Ben Stevens

Debenhams is the latest big retailer to report a bumper Christmas period, as a huge swell in beauty and gift items uplifted its figures. A rise in non-clothing sales which accounted for 57 per cent of overall sales, aided an overall like-for-like sales growth of 3.5 per cent i...


ASOS expects to see sales surge of 30%

Thursday 12 January 2017 - Posted by Ben Stevens

Online fashion giant ASOS has raised its financial predictions by nearly a third as international sales skyrocket to £362 million due to the weak pound. In the four months to December 31, the online retailer’s international sales figures shot up by a vast 52 per cent. They now...


Shoe Zone bounces back after difficult first half

Wednesday 11 January 2017 - Posted by Elias Jahshan

Shoe Zone managed to bounce back and post an increase in profits in its full-year results for 2016, despite the planned closure of loss-making stores and a difficult first-half trading period. For the 52 weeks ending October 1, the retailer’s revenue went down by 4.2 per cent ...


Joules welcomes 22% sales boost over Christmas

Wednesday 11 January 2017 - Posted by Elias Jahshan

Fashion and lifestyle retailer Joules recorded strong sales in its seven-week period to January 8, with 22.8 per growth in total sales compared to the same period last year. Retail gross margin rate is now forecast to be marginally ahead of the previous year, which Joules attr...