The latest news
Frasers Group inks JV deal for Sports Direct expansion to Indonesia
Frasers Group Asia Sdn Bhd (or FGA, which is a subsidiary of the UK company) has revealed a new joint venture agreement with PT. MAP Active Indonesia.
Shoe Zone upbeat on profits as trading improves
In the briefest of brief trading updates (all of 77 words), budget footwear retailer Shoe Zone issued some good news about the business environment and profits on Friday.
Mothercare CEO exits with immediate effect
There’s been good news coming out of Mothercare as it resets itself via a completely changed business model. But it’s still facing challenges and it looks like progress isn’t fast enough with news that its CEO is out.
BFC Chair issues rallying cry with new strategy manifesto
As a small-scale June edition of London Fashion Week gets under way, the BFC's Chair David Pemsel has issued a strategy update and rallying cry that sets out what the body wants to do but adds it needs help to do that.
Designer Brands Q1 sales down on double-digit decline in comps
Designer Brands announced on Thursday revenues for the first quarter fell 10.7% to $742.1 million, on the back of a double-digit decline in comparable sales.
Edit LDN launches National Vintage League collab
The National Vintage League brand has launched a curated and edited collection exclusively on The Edit LDN.
Patagonia launches campaign to boost ocean health
Thursday is World Oceans Day 2023 and to mark that, Patagonia has launched an international environmental campaign, focused on ocean protection and restoration.
H&M names 10 Global Change Award winners, has doubled the prize fund
It’s been a busy few weeks for award winner announcements and on Thursday, H&M Group named the winners of its Global Change Award, its “early-stage innovation challenge seeking bright minds that can transform fashion”.
Puma to open at Gloucester Quays
Sports giant Puma is set to open a store at the South West UK outlet destination Gloucester Quays in the coming weeks.
Some ASOS suppliers cut links with e-tailer for now, Frasers raises stake
Some suppliers of online fashion retail giant ASOS are pulling back from supplying the company with goods following the withdrawal of credit insurance for the firm, according to a newspaper report on Wednesday.
Retailers battle uncertain back-to-school demand after ‘unstable’ quarter
Stocking shelves, slashing prices on low-priced notebooks and sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are bracing for a challenging back-to-school shopping season.
Simply Be owner N Brown struggles in tough environment
Struggling e-tailer N Brown will have been hoping that better results in the fourth quarter could boost its full-year numbers after Q3 had seen revenues falling in the face of the cost-of-living crisis.
Munich posts 40% revenue growth in 2022-23, expands internationally
The Spanish sneakers brand hit record sales in 2022, with revenue up by 40% to €74.3 million. Revenue in Italy was up 20%, as Munich continued to expand internationally, and opened new monobrand stores in Spain.
UK May fashion spend is weak say Barclays and BRC
Britain's retail and consumer spending was sluggish in May, two reports showed on Tuesday, with the latest figures from the British retail Consortium and from Barclays offering up bad news for the fashion sector.
Casablanca sees buyout and restructure as it positions for further growth
Charaf Tajer’s Casablanca Clothing Ltd business has been acquired by a newly-established company — Casablanca Paris Ltd — in a restructuring process as it sets itself up for further expansion.
Photographers Michael Avedon and James Dylan launch new publication Breach
The creatives, grandsons of Richard Avedon and Bob Dylan, respectively, found a photography first publication with digital and print issues.