Mothercare on Friday confirmed what everyone already knew - that ousted CEO Mark Newton-Jones was retuning to the company. And it told us how much he will earning with the new CEO joining on a basic salary of £480,000.
Luxury goods group Richemont said on Friday it could target strategic investments and divestments after buoyant jewelry sales made up for still sluggish watch sales, helping sales rise 8% in its fiscal year to March.
UK fashion e-tail was stronger than ever in April, helped by sunshine and less of a squeeze on consumer incomes. E-tail benefitted more than physical stores as fundamental changes in the retail sector continued.
Global consumer demand for diamond jewellery hit $82 billion in 2017, up 2% from the previous year, with the US leading growth for the fourth consecutive year, according to a De Beers Group study published on Thursday.
Banks are increasingly wary of lending to the UK retail sector as shoppers continue to desert the high street in favour of lower cost online rivals, raising the prospect of further loan losses, banking sources said.
Asda, the British supermarket arm of Walmart that is set to be acquired by Sainsbury’s, reported a fourth straight quarter of sales growth, saying its recovery under new management was gaining momentum.
Online children's lifestyle destination Maisonette has secured $15 million in Series A funding led by private equity firms who were early investors in Goop and Moda Operandi as well as Walmart and Amazon acquisitions.
The sixth edition of the Copenhagen Fashion Summit provided its 1,300 participants with a range of ideas aiming to tackle social and ecological issues and set about making systematic changes in the fashion industry.