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Tag: Fashion industry

Boohoo shareholders demand answers after shares plunge by a third | Business

Shareholders in Boohoo are seeking answers from the company over conditions for workers supplying its garments after the online fashion specialist’s shares plunged more than £1.5bn in two days. The company has lost nearly a third of its value since Friday afternoon after Boohoo said on Monday it was investigating claims that staff at one …

Boohoo shareholders demand answers after shares plunge by a third | BusinessRead More

Next exceeds Christmas forecasts as demand for knitwear spurs sales | Business

Next has emerged as a winner from a tough Christmas trading period for Britain’s retailers after the cold snap in November stoked demand for winter coats and knitwear. The high street company reported full-price sales growth of 5.2% for the last two months of 2019, which was well ahead of its own forecasts. The better …

Next exceeds Christmas forecasts as demand for knitwear spurs sales | BusinessRead More

Why Ted Baker is poorly suited to today’s high street | Fashion

There was a time when Ted Baker was a go-to brand for young professionals across Britain, offering clothes that tended to fall on the smart side of smart-casual. Its suits will have seen many a job interview or christening, its dresses will have been worn on Friday nights out with colleagues, its hoodies snuggled into …

Why Ted Baker is poorly suited to today’s high street | FashionRead More

The jackets that keep you both warm … and green | Fashion

The padded jacket is now as ubiquitous on high streets as cracked pavement slabs and Greggs. Billed as an effective way to stay in your duvet all day, it is, however, less forgiving when it comes to its ethical credentials. Many puffers are made from petroleum-based fabrics and filled with duck and goose down from …

The jackets that keep you both warm … and green | FashionRead More

UK will spend £2.4bn on Christmas clothes that barely get worn – survey | Fashion

Britons are poised to spend £2.4bn on new outfits for the Christmas party season this year – yet many items may be worn fewer than three times – a survey shows. After shelling out an average of £73.90 per person on partywear for the festive period, one in five people admit they won’t wear the …

UK will spend £2.4bn on Christmas clothes that barely get worn – survey | FashionRead More

Departing directors and aggressive investors mean trouble for Ted Baker | Business

Ted Baker has been a jack-the-lad character in the City for the past 30 years. The story goes that “Ted”, the presumed alter ego of company founder Ray Kelvin, got the idea for a global brand “while fishing” in 1987. And he never looked back. UK consumers were drawn to his quirky sense of humour …

Departing directors and aggressive investors mean trouble for Ted Baker | BusinessRead More

Quiz warns of store closures after retailer’s high street sales slump | Business

The fashion brand Quiz has made a £6.8m loss after sales fell across its high street store chain and concessions, forcing the retailer to warn of further store closures. Quiz, which operates 246 UK stores and concessions, reported a year-on-year sales slump of 11% across its UK retail estate in the six months to the …

Quiz warns of store closures after retailer’s high street sales slump | BusinessRead More

M&S hire senior Tesco executive in effort to revive clothes brand | Business

Marks & Spencer has hired a senior Tesco executive to lead its latest attempt to reinvigorate its struggling clothing business. Richard Price, the head of Tesco’s F&F clothing and homewares label, has worked at M&S before. He spent seven years with the chain, rising to become menswear director, but left in 2012 after becoming disillusioned …

M&S hire senior Tesco executive in effort to revive clothes brand | BusinessRead More

Mulberry reports £11m losses despite efforts to win younger customers | Business

Losses at the luxury British brand Mulberry have increased by a third after widespread discounting hit sales in the UK. The handbag maker said pretax losses widened to £11m in the six months to 28 September from £8.2m a year before. Sales in the UK, which account for 65% of the business, fell 4% amid …

Mulberry reports £11m losses despite efforts to win younger customers | BusinessRead More

Primark ramps up US ambitions as sales defy high street gloom | Business

Primark is to step up expansion in the US and move into Poland after reporting a rise in annual sales that defied a difficult period for clothing retailers around the world. The cut-price clothing chain, which does not sell online, said sales were up 4% and it planned to open 19 stores around the world …

Primark ramps up US ambitions as sales defy high street gloom | BusinessRead More