Ann Summers reports £3.6m loss in ‘challenging year’
Ann Summers has reported a loss of £3.6m for the full year to June 28, 2014, compared to a profit of £1.7m in 2013.
View ArticleBarbour strike goes ahead after talks fail
More than 70 Barbour employees have begun a month-long walkout that could affect deliveries to major retailers, after trade union negotiations over planned changes to their contracts collapsed.
View ArticleNougat bought by former owner’s son as creditors get nothing
Womenswear business Nougat has been bought by its former owner Harry Roger’s son, Paul Rogers, while it has emerged suppliers and staff will receive none of the £905,000 owed following its collapse at...
View ArticleHouse of Fraser Christmas sales up 8% and margins up 9%
House of Fraser has reported that its like-for-like sales (excluding VAT) for the Christmas trading period increased by 8% and cash gross margins by 9%.
View ArticleFormer JJB boss Chris Ronnie's assets could be seized by summer
Action to claw back money stolen by jailed former JJB boss Chris Ronnie will officially begin on May 19, The Serious Fraud Office has told Drapers.
View ArticleFull-price retailers enjoy a Christmas cracker
Multiples that resisted the temptation to slash prices in the run-up to Christmas, including Next, John Lewis and Jigsaw, fared better than the heavy discounters over the festive season.
View ArticleFraudster poses as buyer to steal stock from suppliers
A man has allegedly been cheating several suppliers out of their stock by posing as a buyer for Newcastle-based etailer Designer Desirables.
View ArticleSainsbury's Tu ecommerce pilot to be rolled out
Sainsbury’s has confirmed it will roll out online sales of its Tu clothing brand in the first half of this year following a “very successful” pilot in the Midlands launched last September.
View ArticleN Brown closes Gray & Osbourn to focus on core brands
N Brown has announced it will discontinue catalogue and online business Gray & Osbourn from June this year, following a strategic review.
View ArticleCoach to acquire footwear brand Stuart Weitzman
Coach has agreed to acquire women’s footwear brand Stuart Weitzman from private equity firm Sycamore Partners in a deal valued at up to $574m (£380m).
View ArticleChristmas sales up at Dune as profits soar
Footwear retailer Dune has announced a 10.6% rise in sales for the six weeks to January 3, while full year profits increased by 74%.
View ArticleClothing and footwear prices fall 9.7% in December
Clothing and footwear prices declined by 9.7% in December as overall shop prices tumbled by 1.7%, the 20th consecutive month of deflation.
View ArticleBoohoo.com issues profit warning as sales slow
Boohoo.com has warned its full-year performance will be below market expectations, after heavy promotional activity on the high street drove its sales growth down to 25% in the four months to December...
View ArticleSainsbury’s clothing sales buck overall downwards trend
Sainsbury’s clothing sales were up nearly 10% year on year in the 14 weeks to January 3, 2015.
View ArticlePatience is wearing thin for M&S’s problems
Marks & Spencer is one of those great British institutions that everyone likes to complain about, but no-one really wants to see disappear.
View ArticleN Brown loses chief financial officer after 11 years
N Brown Group has announced its chief financial officer Dean Moore is to step down from the role after 11 years to pursue other interests.
View ArticleHolding nerve bears fruit for indies
Independent retailers have reported better than expected Christmas trading, with many sticking to traditional Sales timings against a backdrop of early discounting on the high street.
View ArticleM&S third quarter Christmas results: analyst reaction
As Marks & Spencer announces third-quarter general merchandise sales fell by 5.8% after warm weather in October and November and disruption at its Castle Donington distribution centre stunted...
View ArticleImage gallery: Selfridges Bright Old Things campaign
Selfridges has launched its Bright Old Things campaign today, a twist on its annual Bright Young Things initiative.
View ArticleParis stores on alert after Charlie Hebdo shooting
Paris department stores are on high alert and have brought in extra security staff after 12 people were shot dead at the offices of satirical magazine Charlie Hebdo yesterday (January 7).
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