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H&M's profit tumbles more than expected as costs bite

H&M's profit tumbles more than expected as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
WGSN owner to put trends business up for sale

WGSN owner to put trends business up for sale

​WGSN and Cannes Lions owner Ascential delivered a strong trading update Wednesday, but also announced surprise news: its WGSN trends service is up for sale following a strategic review that it launched last spring.
Fashion
Board member Sanders becomes THG CFO, Gallemore moves to COO

Board member Sanders becomes THG CFO, Gallemore moves to COO

There’s been an executive reshuffle at the THG Group. Damian Sanders has been appointed Chief Financial Officer with immediate effect. That comes as previous CFO John Gallemore now becomes Chief Operating Officer.
Beauty
Primark performance justifies stores-only stance as city footfall bounces back

Primark performance justifies stores-only stance as city footfall bounces back

Primark's trading update has revealed more upbeat news with the chain “good in all markets and ahead of expectation”. Total sales and like-for-likes rose in double digits and city centre footfall recovered.
Fashion
Condé Nast UK to leave Vogue House after 65 years

Condé Nast UK to leave Vogue House after 65 years

British Vogue’s long and storied association with London’s West End is coming to an end. After six decades+ (since 1958), publishing giant Condé Nast is moving out of its historic Vogue House officers on Hanover Square.
Luxury
Boohoo sees another revenue fall, but stays upbeat

Boohoo sees another revenue fall, but stays upbeat

​Boohoo’s closely-watched trading statement has revealed figures in line with weak expectations. Revenue may have been up sharply compared to pre-Covid, but it was down globally against a year ago for the festive season.
Fashion
Bed Bath & Beyond looks for buyers, lenders before potential bankruptcy: report

Bed Bath & Beyond looks for buyers, lenders before potential bankruptcy: report

Bed Bath & Beyond Inc has been in talks with prospective buyers and lenders as the struggling retailer tries to keep its business afloat ahead of a likely bankruptcy filing, CNBC reported on Wednesday.   
Beauty
FatFace Christmas sales look good, both women's and men's prove strong

FatFace Christmas sales look good, both women's and men's prove strong

​Fashion and lifestyle retailer FatFace has reported Christmas sales up a hefty 34% as both digital and stores did well in the five weeks to 7 January.
Fashion
Matalan new owners says cost pressures will hit profits, Hargreaves unhappy after failed bid

Matalan new owners says cost pressures will hit profits, Hargreaves unhappy after failed bid

​Matalan on Monday confirmed that its new owners are a group of its senior lenders and gave details of its funding package. But it also revealed a challenging Q3 and December that have dented profit expectations.
Fashion
WGSN and Stylus founder Marc Worth dies

WGSN and Stylus founder Marc Worth dies

Trends and insight service Stylus has announced the death of its founder Marc Worth, who also founded global trends service WGSN with his brother Julian.
Fashion
New owners prepare for Matalan takeover as founder's final bid fails

New owners prepare for Matalan takeover as founder's final bid fails

Matalan founder John Hargreaves has failed to regain control of the retailer with its lenders winning the prize. But they're also said to be planning talks with unsuccessful bidders about a possible minority investment.
Fashion
ABG's Ted Baker seeks job cuts

ABG's Ted Baker seeks job cuts

In a tough retail landscape, news of redundancies are expected grow following the key Christmas trading and clearance sale periods. Ted Baker has become the most high-profile brand to be looking at potential job cuts.
Fashion
Pitti Uomo diversifies into design and pet accessories

Pitti Uomo diversifies into design and pet accessories

The Florentine trade fair is branching out into new categories such as The Sign, dedicated to furniture accessories, and Pittipets, dedicated to brands for pets, with an ever-increasing emphasis on lifestyle. 
Fashion
Smiles all round at M&S after merry Christmas that saw market share growth

Smiles all round at M&S after merry Christmas that saw market share growth

​M&S turned in what it called a “strong” performance for the Christmas quarter on Thursday with the 13 weeks to 31 December seeing total group sales up 9.9% at £3.6 billion.
Fashion
Chateau Orlando: Luke Edward Hall does optimistic fashion

Chateau Orlando: Luke Edward Hall does optimistic fashion

Leave it to Pitti to herald a fresh luxury concept, in this case Chateau Orlando; an unusual hybrid brand where fashion meets décor and design, and the brainchild of Luke Edward Hall.
Fashion
Bed Bath & Beyond to lay off more employees to trim costs

Bed Bath & Beyond to lay off more employees to trim costs

Bed Bath & Beyond will lay off more employees in an attempt to reduce costs, the company said on Tuesday, a week after announcing it was exploring options including bankruptcy.
Beauty