Tmall owner files for huge American IPO
Alibaba, the company that brought ecommerce to China through Tmall, has filed paperwork for what could be one of the largest US initial public offerings on record.
View ArticleClothing and footwear deflation decreases
Discounting has led clothing and footwear prices to fall 0.8% month on month in April, after declining 0.3% in March, according to the British Retail Consortium and Nielsen.
View ArticleSainbury’s profits up 5.3% as clothing sales growth outstrips food
Sainsbury’s has reported a 5.3% rise in underlying pre-tax profit to £798m for the year to March 15, as general merchandise and clothing sales increase at more than twice the rate of food.
View ArticleBank commercial director Carl Brewins leaves
Bank commercial director Carl Brewins has departed the young fashion retailer.
View ArticleGina gains boutique foothold on Mount Street
Women’s luxury footwear brand Gina will launch a new boutique concept at 119 Mount Street on May 22.
View ArticleMake It British conference gains momentum
Asos, Private White VC and Roland Mouret are among those planning to attend a new event centred on returning fashion manufacturing to the UK.
View ArticleInditex to offload Bershka flagship
Inditex-owned retailer Bershka wants to exit its 10,000 sq ft flagship on Oxford Street just two years into the lease, Drapers understands.
View ArticleWholesale offsets like-for-like declines at SuperGroup
SuperGroup’s growing wholesale business has offset declines in retail sales during the company’s fourth quarter, blaming the late Easter and product mix for a drop in like-for-likes.
View ArticleSelfridges owner awaiting decision on Arnotts takeover
Selfridges owner The Weston Group will hear on May 28 whether its bid for half of Dublin department store Arnotts has been successful, opening the possibility that it could ultimately take on full...
View ArticleStore Twenty One issued with winding up petition by HMRC
The parent company of value retailer Store Twenty One has been presented with a winding up petition from HMRC, with a hearing set to take place at the Royal Courts of Justice on Monday (May 12).
View ArticleZalando closer to breaking even ahead of IPO
German fashion etailer Zalando is getting closer to breaking even as sales growth slowed slightly in the first quarter of 2014.
View ArticleMySale to relocate head office to UK
International flash Sales site MySale is relocating its global head office to London as part of “aggressive expansion plans” to move outside of Australasia and South East Asia.
View ArticleFashion sales up 7.5% at John Lewis as anniversary lines are snapped up
Fashion sales rose by 7.5% at John Lewis for the week to May 3, as the 150th anniversary collaborations were snapped up by shoppers.
View ArticleShop vacancy rates at lowest level for almost three years
The number of vacant shops in the UK fell to its lowest level since July 2010, the latest figures for LDC reveal.
View ArticleRetailers’ fury at discount culture
Retailers have hit out at the “aggressive” Sales run by competitors amid continued tough trading and sluggish consumer confidence.
View ArticleVideo: Michael Kors in interview
Watch Michael Kors being interviewed live in Shanghai by the Business of Fashion’s Imran Amed.
View ArticleTopman Oxford Circus launches new personal shopping suite
Menswear retailer Topman has ramped up the one-on-one personal shopping service at its Oxford Street store as part of wider restyling of the flagship shop.
View ArticleSelfridges named world’s best department store
Selfridges has beaten Harrods, Macy’s and John Lewis to be named the best department store in the world for the third consecutive time.
View ArticleJohn Rocha quits London Fashion Week
John Rocha will stop showing at London Fashion Week from September, after almost 30 years of featuring on the show calendar.
View ArticleRetail parks big winners over bank holiday weekend
Retail parks were the big winners over the bank holiday weekend with footfall rising by 3.6% compared to last year, according to data exclusively shared with Drapers by Springboard.
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