G-Star Raw is set to move into a new 2500sq ft flagship store in Sheffield’s Meadowhall shopping centre as part of an ambitious expansion drive. The fashion retailer will open its sixth UK store in the newly refurbished shopping centre, marking the start of a push to double its store estate to 10 by the end of the year.
AQ/AQ founder Julie Lingard has filed a notice to creditors to continue trading her business, despite filing for insolvency in July. Lingard was the managing director of AQ/AQ when it appointed liquidators on July 4
Retail tycoon Mike Ashley has revealed he plans to keep 80 per cent of House of Fraser stores open for business, according to The Sun. The figure brings some much-needed clarification to the number of store closures the beleaguered department store will face
Jack Wills founder Peter Williams has reportedly been pushed out of the business following a row with its private equity owner BlueGem. According to The Sunday Times , Williams is currently finalising the terms of his departure
New stores and a renovation scheme of existing stores has helped Hugo Boss to record an uptick in full-year sales and profits in its UK market.
House of Fraser has refused to sell 31 of its stores due for closure to the owner of luxury fashion house Fashion Collective. According to City AM , the embattled department store rejected an offer from Paul McKie to take on the 31 stores set for closure in January 2019 amid its CVA
Jigsaw’s parent company Robinson Webster Holdings swung to a dramatic loss last despite posting a strong sales performance.
New Look has improved its financial and operational stability during its first quarter, with underlying profit surging thanks to a product review amid an ongoing major restructure. For the 13 week period ending June 23, the fashion retailer’s revenues fell 2.7 per cent to £329.4 million but underlying operating profit jumped 19 per cent to £14.4 million. While like-for-likes for New Look brand sales also dropped four per cent, this was an improvement on the 8.2 per cent plunge recorded in the first quarter last year.
Burberry has unveiled its branding overhaul including a new logo, marking the first change to its design in two decades. Ricardo Tisci, who was appointed to replace Christopher Bailey as chief creative officer in March, oversaw the overhaul before revealing the new brand identity on Burberry’s Instagram page
Between the turn of the millennium and 2009, online retail sales increased by some 5000 per cent, accounting for just under seven per cent of total retail sales for the year.