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Joules says progress being made, no specific comment on CVA reports

Joules says progress being made, no specific comment on CVA reports

Under-pressure retailer Joules on Friday responded to press reports that it’s considering a CVA with a stock exchange statement that neither confirmed nor denied the news.
Fashion
Joules 'explores CVA' option - report

Joules 'explores CVA' option - report

​Struggling Joules is reportedly exploring options for a company voluntary arrangement (CVA) as it seeks to cut its costs and stave off a collapse following the termination of talks for Next to take a stake in the firm.
Fashion
Fashion tech app start-up Seamm gets $1.7m in funding

Fashion tech app start-up Seamm gets $1.7m in funding

Seamm, a start-up digitising fashion goods for virtual worlds, has raised $1.7 million in funding “to scale go-to-market activities, attract and hire top talent, and accelerate the development of its platform”.
Fashion
GPE upbeat on key London commercial property leasing

GPE upbeat on key London commercial property leasing

Major London commercial property landlord GPE reported strong leasing activity during in its first half as demand for key capital spaces continues to attract retailers.
Fashion
Shaftesbury launches recycling test on Carnaby Street, fashion labels sign up

Shaftesbury launches recycling test on Carnaby Street, fashion labels sign up

Are You Mad. No, that’s not a question but the name of Shaftesbury’s latest consumer-facing effort to promote sustainability. The London property giant has opened its first visible recycling unit on Carnaby Street.
Fashion
Next downgrades sales and profits forecast as consumers rein in spending

Next downgrades sales and profits forecast as consumers rein in spending

​Next is one of the most successful UK fashion retailers, so when it downgrades profit guidance that it only upgraded last month, you know the sector as a whole is facing tough times. And that’s what it did Thursday.
Fashion
Russia exit dents H&M in Q3, but it sees September upturn

Russia exit dents H&M in Q3, but it sees September upturn

​H&M Group’s nine-month report showed a 13% rise in net sales. But Q3 was very weak due to the Russia exit and “many other external challenges”, although September saw a recovery.
Fashion
Labour pledge to abolish business rates questioned by property specialist

Labour pledge to abolish business rates questioned by property specialist

As Labour surges in the UK polls, it’s clearly scenting opportunity in areas the Conservatives haven’t fully addresses and has pledged to abolish business rates and introduce initiatives to ‘save the high street’.
Fashion
Battersea Power Station to host festival for October opening celebration

Battersea Power Station to host festival for October opening celebration

​The countdown has begun to the opening of London's repurposed Battersea Power Station.The official launch of the new retail, leisure and residential area will begin with a five-day ‘Festival of Power’ in October.
Fashion
Grosvenor/Mitsui Fudosan in JV to redevelop London's South Molton Triangle

Grosvenor/Mitsui Fudosan in JV to redevelop London's South Molton Triangle

A key section of London’s South Molton Street is to be the subject of a major multi-million-pound upgrade. The South Molton Triangle remodel will be a venture between property giants Grosvenor and Mitsui Fudosan UK.
Fashion
John Lewis launches festive drive to help shoppers spread their Xmas spend

John Lewis launches festive drive to help shoppers spread their Xmas spend

​John Lewis is the latest retailer to launch initiatives to help customers afford their festive shopping this season with a wider returns window, click & collect tweaks and special promotions.
Fashion
Many consumers to spend less this festive season says Gartner study

Many consumers to spend less this festive season says Gartner study

It may not be a merry Christmas for many in global retail as the holiday shopping season looms with a new study showing consumers are planning to spend less than last year due to inflation.
Fashion
Matalan sales strong in H1 but earnings suffer on costs

Matalan sales strong in H1 but earnings suffer on costs

When Nigel Oddy joins up-for-sale Matalan on 3 October, the interim CEO will be expected to oversee an in-place growth strategy that’s already delivering results, with record revenues for fiscal 2023’s first half.
Fashion
River Island is back in profit as it grows at home and in N. America

River Island is back in profit as it grows at home and in N. America

​British fashion retailer River Island had good news this week with the company seeing turnover up 23.2% last year at £740 million. 
Fashion
Wembley Park and London Designer Outlet see summer trading boom

Wembley Park and London Designer Outlet see summer trading boom

​Summer was a good time for London Designer Outlet and for businesses in the Wembley Park neighbourhood as the return of live concerts drove massive footfall to the area.
Fashion
Nigel Oddy is new interim CEO of up-for-sale Matalan

Nigel Oddy is new interim CEO of up-for-sale Matalan

​Matalan has named former New Look chief executive Nigel Oddy as its interim CEO as the company’s process to sell itself begins.
Fashion