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New Look slows down ambitious Chinese expansion scheme

New Look is set to slow down its ambitious Chinese expansion scheme as it continues to undergo a CVA process in the UK. According to the Press Association, the fashion retailer is reportedly reviewing its operations in China and executive chairman Alistair McGeorge wants to row back on expansion plans implemented under former chief executive Anders Kristiansen.

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Marks & Spencer poised to axe Per Una fashion line

Marks & Spencer is understood to be reviewing its once popular Per Una fashion label and could soon scrap it all together. According to the Mail on Sunday , M&S has placed a raft of inhouse clothing lines under review following a sustained period of falling sales in the department store’s non-food arm.






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Zara betting on AI, big data to outflank competitors

The push to incorporate technology is working: Last week, the fashion retailer's parent company, Inditex, posted record Q1 sales. 






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H&M officially launches discount brand Afound

H&M has officially opened the first store for Afound, its brand new discount fashion brand and ninth overall. The first Afound store is in Stockholm, with a second set to open in Malmö soon. Sales via Afound’s online Swedish marketplace have launched in parallel with the opening of the stores






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H&M sales stagnate in second quarter

H&M Group has reported slightly lower than expected growth for its second quarter, as discounts impacted sales during the Swedish giant’s attempts to reduce its record level of inventory. Local currency sales including VAT during the period ending May 31 were unchanged year-on-year. A mean Reuters poll had forecast for a 0.5 per cent increase.






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Barneys tunes into the podcast craze

The luxury department store plans to launch a show that will bring on fashion designers, interior designers and hair stylists to talk about their experiences in the fashion world.






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Barneys tunes into the podcast craze

The luxury department store plans to launch a show that will bring on fashion designers, interior designers and hair stylists to talk about their experiences in the fashion world.






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Natori boosts social media sales 76% from AI

The tech determined that custom carousel ads exceeded benchmarks and encouraged the fashion brand to find new ways for formatting content.






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New Look CVA approval green lights 980 job cuts & 60 store closures

New Look has confirmed that creditors overwhelmingly voted in favour of its company voluntary arrangement (CVA) proposal today, which means up to 980 staff are set to be made redundant and 60 stores will shut down within 12 months time. The CVA – which was first launched as a proposal on March 7 – was approved by 98 per cent of the fashion retailer’s creditors and landlords in a vote today. It will have a duration of three years






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Former New Look CEO Anders Kristiansen to lead Esprit

New Look’s former chief executive Anders Kristiansen has been appointed to lead fashion brand Esprit. After leaving the embattled New Look in September, Kristiansen is poised to take on the same position at Esprit from June 1, replacing acting chief executive José Manuel Martínez Gutiérrez who will step down. Alongside Gutiérrez’s departure, independent non-executive chairman Raymond Or Ching Fai will take on the role of executive chairman from April 1






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