Asos sales continue to rise in double-digit percentages in Q2, but also continued to rise at a slower rate than previously and that meant investor disappointment, with the firm’s shares falling 5% in early trading.
The Fashion Institute of Technology announced on Monday that it has entered into a partnership with the manufacturer and has plans to launch its own branded student-designed apparel and accessories lines.
New Look is continuing its exit strategy from its international operations after its bold plan to build a major global business fell short on the back of changing consumer habits and over-ambitious expansion.
Celebrities are a huge influence on spending in the UK and Britons spend around £6bn a year as a direct result of their desire to tap into celeb lifestyles, a new report claims. Fashion and beauty are key beneficiaries.
There appears to be a question mark around the space given over to fashion in M&S’s physical stores in the future as the company appears to be preparing to focus even more heavily on food than it has done until now.
UK physical stores fashion retail is caught up in a cycle of closures leading to locations declining, followed by even more closures, an analyst said at the weekend, on news that Arcadia is planning store closures.
The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
Zalando has launched a change of approach as it “refines its private labels assortment to pursue a complementary strategy with partner brands.” The result is the end of the private label business within its zLabels op.