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Coats cuts jobs after South American unit disposals - report

Coats cuts jobs after South American unit disposals - report

​UK-based threads manufacturer Coats has cut a number of domestic jobs and replaced other roles as part of its new global strategy. The move comes after the the company recently sold its Brazil and Argentina business,
Fashion
John Lewis names new executive director

John Lewis names new executive director

​The John Lewis Partnership (JLP) has a new Executive Director for People. Lisa Cherry will join the retail giant in early September. She replaces Nikki Humphrey who is to rejoin the Virgin Group. 
Fashion
M&S to move into new Lakeside flagship, takes ex-Debenhams space

M&S to move into new Lakeside flagship, takes ex-Debenhams space

M&S is continuing to open statement new stores as the UK retail giant enjoys a turnaround in its fortunes. It’s set to take over another former Debenhams site, at the Lakeside mall in Essex.
Fashion
Jaeger names new product boss with Suzi Avens stepping in

Jaeger names new product boss with Suzi Avens stepping in

​M&S’s premium Jaeger brand has named Suzi Avens as head of product. The ex-Cath Kidston and Boden exec joins as M&S continues its relaunch of Jaeger and puts plenty of support behind it both in-store and online.
Fashion
London leasing boom sees GPE return to profit

London leasing boom sees GPE return to profit

Yet more strong numbers from the commercial property sector on Thursday. Major London landlord Great Portland Estates joined its peers British Land and Landsec this week in delivering an upbeat performance for the year.
Fashion
URW rolls out Westfield brand to trio of European flagship locations

URW rolls out Westfield brand to trio of European flagship locations

​Malls giant Unibail-Rodamco-Westfield (URW) is continuing to roll out its Westfield brand to more locations and has announced that it’s rebranding three flagship centres under that name.
Fashion
Grosvenor links with True on social shopping innovation hunt

Grosvenor links with True on social shopping innovation hunt

Landlord Grosvenor has launched an interesting project, unveiling “an innovation challenge seeking to find new technologies and partners that are putting customer experience at the heart of bricks and mortar retail”.
Fashion
ASOS chairman Dyson takes same job at Currys, but stays with ASOS for now

ASOS chairman Dyson takes same job at Currys, but stays with ASOS for now

ASOS Chairman as Ian Dyson is to take up the same post at electricals retailer Currys. He'll remain with ASOS for now and the firm will replace him once it has appointed a new CEO, with its CEO search still under way.
Fashion
JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com Inc beat estimates for quarterly revenue as more people shopped on its platform following Covid lockdowns in China, but its CEO was cautious on the outlook due to logistical disruptions and sluggish consumption. 
Fashion
T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
Fashion
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
Pure London announces theme, unveils speakers

Pure London announces theme, unveils speakers

The latest edition of UK trade fashion show Pure London will be all about ‘Empowering Change’ as the event returns to the post-pandemic schedule across 17-19 July at Olympia London.
Fashion
Coats Group opens new trading year with sales 20% ahead

Coats Group opens new trading year with sales 20% ahead

Threads giant Coats Group said Wednesday it's enjoying “strong sales momentum” in the first four months of the new trading year, with group sales growing 20% year-on-year.
Fashion
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
N Brown upbeat as strategic brands focus pays off

N Brown upbeat as strategic brands focus pays off

​Battered N Brown group saw its share price rising early on Wednesday on the announcement of a new sub-brand being launched by the company and also its full-year results update.
Fashion
Klarna adds Financial Overview dashboard to Irish app

Klarna adds Financial Overview dashboard to Irish app

​With Irish inflation at a 40-year high, easy-payments financier Klarna wants to ensure consumers there “are fully equipped with the digital budgeting tools necessary to effectively track and manage their spending”.
Fashion