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Laura Ashley loss widens, new CEO takes over as retailer targets global growth

Laura Ashley loss widens, new CEO takes over as retailer targets global growth

With its new CEO and short-term funding in place, Laura Ashley has released a weak set of results with losses increasing and even e-tail sales dropping. But the firm is upbeat and sees international opportunities ahead.
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Fashion
Laura Ashley trading is tough, talks to lenders about access to funds

Laura Ashley trading is tough, talks to lenders about access to funds

Laura Ashley issued an unexpected update on Monday along with a “response to press speculation”. The retailer said trading in the current financial year “has continued to be challenging” and it's in talks about funding.
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Fashion
Westfield owner reviews development pipeline amid 'challenging' times

Westfield owner reviews development pipeline amid 'challenging' times

Shopping centre landlord Unibail-Rodamco-Westfield disposed of several retail assets and scaled back its development pipeline in 2019 after facing a “challenging” retail environment in the UK.
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Fashion
Stockmann makes progress, Lindex has strong year, profits improve

Stockmann makes progress, Lindex has strong year, profits improve

Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
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Fashion
Marimekko upbeat as collabs pay off, has big plans for 2020

Marimekko upbeat as collabs pay off, has big plans for 2020

Marimekko was in an upbeat mood Thursday as it delivered a “strong” set of results for the year ending December 31. It was boosted by a flourish in the final quarter on strong Holiday numbers and international traction.
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Fashion
UK's £1bn Valentine's spend is minimal rise says GlobalData

UK's £1bn Valentine's spend is minimal rise says GlobalData

Valentine’s Day is set to be worth just over £1 billion in revenue this year in Britain, a minimal 0.6% rise on last year and actually a fall if inflation is taken into account, GlobalData said on Wednesday.
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Fashion
Fashion flops in January as clothing sales fall, online penetration increases

Fashion flops in January as clothing sales fall, online penetration increases

Two new spending surveys, from Barclaycard and the BRC, showed fashion stores struggling in January, discount stores on the rise and online spend strengthening its hold on UK consumers overall.
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Fashion
Malls bounce back in January as UK footfall decline slows down

Malls bounce back in January as UK footfall decline slows down

The week has started with some good news for the under-pressure malls sector with the latest UK footfall report from Springboard being headlined 'The start on the road to recovery for shopping centres'.
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Fashion
End of the road for over half of Beales stores as no buyer is found yet

End of the road for over half of Beales stores as no buyer is found yet

It's been a bad year for Beales so far and it got worse on Friday with the mid-market department store chain set to close 12 shops – more than half of its total – as administrators continue to seek a buyer for the rest.
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Fashion
New John Lewis chair warns on possible store closures, job losses

New John Lewis chair warns on possible store closures, job losses

Sharon White has only been in her post as chair of John Lewis Partnership for a few days but she's already warned that the retailer is facing its toughest decisions in almost 100 years.
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Fashion
Britons loosen January pursestrings, fashion benefits but did margins suffer?

Britons loosen January pursestrings, fashion benefits but did margins suffer?

Clarity on Brexit and ongoing discounting combined to make consumers feel better about shopping last month. A report showed like-for-like sales in physical stores grew 5.7% during January and fashion rose even faster.
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Fashion
M&S names chief strategy director as it works to speed up turnaround

M&S names chief strategy director as it works to speed up turnaround

Marks & Spencer has appointed Katie Bickerstaffe chief strategy and transformation director to accelerate the retail giant’s turnaround efforts, it said late on Wednesday.
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Fashion
Macy's to launch new store concept in Texas

Macy's to launch new store concept in Texas

The debut 'Market by Macy's' store will stock a curated selection of Macy’s branded fashion offerings, as well as pieces from specialty designers and local Texas brands for men, women, kids and the home.
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Fashion
Ex-Luxottica boss Guerra to head LVMH's hospitality, restaurant business - sources

Ex-Luxottica boss Guerra to head LVMH's hospitality, restaurant business - sources

Former Luxottica boss Andrea Guerra is set to join LVMH to head the French luxury goods giant's hospitality and restaurant business, two sources familiar with the matter said.
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Lifestyle
New fashion's CEOs more likely to have digital analysis backgrounds says Nextail

New fashion's CEOs more likely to have digital analysis backgrounds says Nextail

Data analysis experience is now key for fashion company CEOs as the traditional roles from which company leaders are drawn evolve in a retail world that's changing fast, a new report shows
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Fashion
UK retail weak again says CBI, but department stores up in clearance month

UK retail weak again says CBI, but department stores up in clearance month

UK retail sales ended last year badly and they seem to have started this year in just the same way, with no let-up expected in February either. Sales volumes were flat year-on-year for the third consecutive month.
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Fashion