Back to the future. Matalan founder John Hargreaves has returned to the business he founded in 1985 as executive chair. He rejoins the retailer after a 15-year gap to replace outgoing chair Steve Johnson.
Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from Covid restrictions.
Can UK consumer confidence get any worse? Not at the moment, it seems, as the long-running GfK Index took a breather this month, remaining flat with at a reading of -41. But for “flat” read still “severely depressed”.
With Frasers Group riding high on “robust trading” after a “record-breaking year” don’t expect the business to rest on its laurels.The Flannels and Sports Direct owner wants to buy more businesses and open more stores.
It's no surprise that the heatwave in recent days deterred UK consumers from shopping in physical locations, but they clearly felt too hot to shop overall as they also cut back on their online purchases.
It had to happen at some point. Despite overall sluggish retail sales, clothing has been relatively strong this year. But the latest official UK figures showed that June was a weak month for the fashion sector.
It has long been the the retreat of choice for many a male: The Man Cave. And global online fashion brand BoohooMan has given it an upgrade this summer, marking the brand's entry in the hospitality sector.
A big appointment in the numbers department at Primark. The Associated British Foods-owned fashion and lifestyle retail giant announced Thursday it has appointed M&S CFO Eoin Tonge as its next Finance Director.
Frasers Group's latest results showed “robust trading and strong strategic progress on the Elevation Strategy”, with Flannels buoyant, House of Fraser improving and a focus on European expansion, as well as the UK.
A free pop-up store in London’s Soho for AW22 is up for grabs in a competition being run by Shaftesbury and aimed at “budding UK brands with sustainability credentials” in fashion and beauty and other categories.
Selfridges is having a busy July with the department stores giant having launched a number of pop-ups (including one for Spider-Man with Kith), as well as a major exhibition focused on humanity's future.