Miscellaneous
The latest news
H&M's profit tumbles more than expected as costs bite
Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
Poundland to expand further in UK, increase Pep&Co presence
Pepco’s budget chain Poundland is continuing to invest heavily in its stores this year with the creation of hundreds of new jobs and opening/relocation plans that will also see expansion for the Pep&Co clothing line.
Fashion
ASOS names key finance exec to team
ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Fashion
L'Oréal launches Net Zero Salons Programme in UK and Ireland
Another big step forward in the retail race for net zero. This time its L’Oréal and its partnership to climate action platform Net Zero Now targeting UK hair salons.
Beauty
After the sales come the returns, and fashion tops list of most likely items
Returns season is upon us, and it’s going to be a particularly busy period, especially for the fashion and beauty sectors, a survey says. Gifts worth £232 million will be returned in the UK, a poll of 2,000 people shows,
Fashion
John Lewis beauty trends forecast takes in mushrooms, skin HIIT
John Lewis has launched a new Beauty & Wellness Moments report and has focused on a number of key beauty trends it sees as big for 2023.
Beauty
Retail footfall improved in 2022, but pre-pandemic gap is "long-term trend"
Following an increasingly tough 2022 for UK retail, footfall this year won’t return to pre-pandemic levels and the gap from 2019 and will settle at between -5% and -10%, according to retail experts Springboard.
Fashion
Two UK shopping centres are first to achieve net zero carbon status
Sustainability hats off to two retail destinations. Quayside MediaCity in Salford and Gloucester Quays have become the first shopping centres to achieve ‘Net Zero Carbon – Operational Energy’.
Fashion
News analysis: will it be a long road back to profit for Boohoo Group?
Boohoo has fallen from grace spectacularly since the pandemic. But here's why we shouldn't write it off just yet, even though it might take some time for it to regain its former glory
Fashion
WGSN owner to put trends business up for sale
WGSN and Cannes Lions owner Ascential delivered a strong trading update Wednesday, but also announced surprise news: its WGSN trends service is up for sale following a strategic review that it launched last spring.
Fashion
Freemans extends successful media deal with iProspect UK
Freemans Grattan Holdings has extended its media deal with iProspect UK after a decade working together in which they relaunched Freemans as a pureplay digital department store and saw growth outstripping the market.
Fashion
Board member Sanders becomes THG CFO, Gallemore moves to COO
There’s been an executive reshuffle at the THG Group. Damian Sanders has been appointed Chief Financial Officer with immediate effect. That comes as previous CFO John Gallemore now becomes Chief Operating Officer.
Beauty
Covent Garden launches campaign to brighten up dull winter
Covent Garden has introduced a big splash of colour to brighten up London’s dreary winter days. The major retail area and tourist attraction has introduced a ‘Covent Garden in Colour’ campaign via artist Lois Lillian.
Luxury
Brand Architekts CFO quits
Brand Architekts Group is losing its Chief Financial Officer. Tom Carter has resigned from his role and from the board to become CFO at OnTheMarket, the UK challenger beauty business said Tuesday.
Beauty
UK's Revolution Beauty names new US president
UK-based cosmetics and skincare brand Revolution Beauty has promoted Sara Staniford to President of its US operations. She previously held the role of Group Retail Director London.
Beauty
Primark performance justifies stores-only stance as city footfall bounces back
Primark's trading update has revealed more upbeat news with the chain “good in all markets and ahead of expectation”. Total sales and like-for-likes rose in double digits and city centre footfall recovered.
Fashion