Furla and Versace are the latest retailers to implement a fur-ban, as a growing number of fashion houses acknowledge the environmental and ethical implications of using real animal fur in their collections. Luxury accessories brand Furla is poised to go fur-free from November this year, starting with its Cruise 2019 collections. All Furla products in both its women’s and men’s collections will be made using ecological fur instead.
Analysts predict Next will report a drop in full-year profits next week as the high street endures a gloomy period as a result of a decline in consumer confidence and spending. A consensus of City analysts are expecting an eight per cent fall in annual pre-tax profits to £725 million for the fashion retail giant, despite posting a rise in sales over the crucial Christmas trading period. Next said full-price sales in the 54 days to December 24 increased 1.5 per cent, ahead of expectations, with part of the improvement down to the colder weather leading up to Christmas
Currys PC World has issued an apology to customers after it was found to be charging additional non-advertised fees on its laptops. Consumer watchdog Which
Claire’s Accessories has sought to reassure customers that its UK operations will not be affected by its US counterpart’s bankruptcy filing. Earlier this week it was reported that the accessories retailer, which trades from 378 stores and 128 concessions across the UK, was preparing for bankruptcy as it struggled to tackle its £1.4 billion debt pile
Nike has announced the departure of its brand president Trevor Edwards following 25 years at the sportswear retailer. Edwards remains a prominent figure at Nike, reportedly touted as a frontrunner to succeed chairman, president and chief executive Mark Parker to lead the company. He announced his retirement this week and is due to depart the company in August
You’ve been in your role for about a year now – what’s it been like so far? It’s been great to join Debenhams Personal Finance which has seen some huge growth over recent years across all the product areas and the card programme is a key part of this. We have a clear defined strategy to grow this even further over the next few years.
Fashion retailer United Colours of Benetton opened the doors to a new three-storey 16,000sq ft flagship today in the heart of London’s West End. The new Oxford Street store, positioned intentionally to benefit from the boost in footfall expected when the Elizabeth Line opens this year, will mark the retailer’s 16 th UK store. Its key features include a “knitwear theatre” displaying the brands extensive knitwear collection, LED screen cladded 12 ft arches, a lounge area and touchscreen interactive tables
Missguided is set to expand its business to the Middle East thanks to a new partnership deal with retail group Azadea. The British clicks-to-bricks fashion retailer is poised to embark on an expansion through franchise with the roll out of stores, websites and click-and-collect services in the UAE, Qatar, Saudi Arabia, Kuwait, Bahrain, Jordan, Lebanon and Egypt. The franchise agreement is regarded as the next step in Manchester-based firm’s global expansion plan, having already established a presence in France, Germany and the US.
Primark has unveiled details and a CGI impression of its largest ever store that is slated to open in Birmingham in December this year. The new store, to be located at Birmingham Pavilions, will employ approximately 900 people and showcase five floors of fashion, beauty and homeware over 160,000sq ft of retail space
Tesco has appointmented Guus Dekkers as its new chief technology officer to replace Edmond Mesrobian who is resigning. Dekkers will join Tesco on April 16, reporting directly to group chief executive Dave Lewis. Meanwhile, Mesrobian is returning to his home city of Seattle with his wife Holly and their four children