The latest news
M&S is doubling down on brands strategy, sees £1bn potential
M&S is reportedly ready to dive even deeper into selling external fashion brands alongside its own label in a move that would take it even closer to a traditional department store model.
Backlash starts over John Lewis potentially changing staff ownership structure
John Lewis Partnership (JLP) has moved fast with reassurances that any outside investor s brought in won’t mean the end of the firm’s employee ownership model as criticism of what’s not even a definite plan has begun.
Esprit issues profit warning, hit by a mixture of problems
Esprit Holdings has issued a profit warning for the 2022 financial year, announcing to the Hong Kong Stock exchange that it will make a loss for the year compared to the profit of a year earlier.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
Guess annual sales lift on strong Europe gains, the Americas weighs
Guess Inc. announced on Tuesday revenues for the fiscal 2023 increased 4% to $2.69 billion, upheld by sales gains in the fashion brand's European and Asian markets, offsetting sluggish growth in the Americas.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.
H&M Group sales rise 12% in latest quarter
H&M Group delivered its provisional Q1 sales report on Wednesday and said sales in the three months to February rose a healthy 12% to SEK54.9 billion (€4.3bn/£4.9bn/$5.2bn).
Another strong year for Inditex as sales and profits beat inflation
Inditex’s full-year results on Wednesday saw the Spanish retail giant once again showing why it’s such a dominant force in fashion as sales and profits both soared.
Google update reduces fashion brand visibility - report
In a worrying development for the UK fashion sector, it seems that “fashion businesses have experienced one of the biggest drops in visibility on Google following its last two algorithm updates”.
Mother Denim launches David Bowie-inspired capsule collection
Los Angeles denim and ready-to-wear brand Mother announced on Monday the launch of its Swing ’23 capsule collection paying homage to David Bowie’s otherworldly Ziggy Stardust era.
A.K.A Brands sees losses widen in 2022, CEO steps down due to health issues
A.K.A Brands announced on Thursday revenues for the fiscal year 2022 increased 8.8% to $611.7 million, despite a double-digit sales plummet in the fourth quarter ending December 31.
Women's fashion week: Ten trends for winter 2023-2024
From New York to London, Milan and Paris, designers have created high quality collections for Autumn-Winter 2023-2024, marking a return to formal elegance without losing sight of uninhibited sexyness.
Under-pressure Superdry names advisors to help it cut costs
Superdry may have seemed to be on a general recovery path, but the road ahead is still a tough one and the company has hired Interpath Advisory to help it cut costs.
Gap sees weak sales as inflation-hit consumers rein in spending on apparel
Gap on Thursday posted a bigger-than-expected fourth-quarter loss and forecast full-year sales below estimates, signaling a slowdown in demand for its apparel as inflation-weary consumers curb discretionary spending.
Lucky Brand, Laura Ashley launch fashion collaboration
Premium denim and lifestyle brand Lucky Brand has teamed up with Laura Ashley to launch a limited-edition women's fashion collaboration, debuting with the release of one of two expected capsules.