Indian retail tycoon Mukesh Ambani is reportedly a potential suitor for Debenhams. Ambani’s Reliance Retail empire, which earlier this year bought British toy store Hamleys, is one of a small batch of companies in talks with Debenhams’ advisers about acquiring part or all of the company, Sky News reports. […]

Icon Outlet has revealed that sales at the London shopping destination have increased by 30 percent from the first week of reopening post-lockdown to the 12th week. Sales in that period increased from approximately 65 percent of previous year like-for-like levels at reopening to around 95 percent of […]

Ted Baker has chosen Next as its new lingerie and nightwear partner. The three-year product licence agreement will see Next create and distribute Ted Baker’s lingerie and nightwear collections, known as B by Ted Baker, in collaboration with the creative team at Ted Baker. The first B By Ted Baker collection […]

It's no secret that malls took one of the worst hits over the coronavirus pandemic. Which means, a serious dent in mall owner Brookfield Properties revenue. As a result, the company will now be laying off 20 percent of their retail unit workforce. The news was reported by CNBC. Brookfield's retail arm […]

Sneaker platform Goat has announced the closure of a Series E funding round of 100 million dollars which it says it will use to accelerate growth across its product categories and geographies. Founded in 2015 as a platform exclusively for sneakers, Goat has since expanded into other categories including […]

Shares of the sports apparel retailer NIKE Inc. (NKE) reached an all-time high of 130.315 dollars Wednesday morning, and are currently trading at 127.24 dollars, up 10.36 dollars or 8.87 percent in the regular trading session. Trading volume is rising over 9.47 million versus an average volume of 6.39 […]

Online personal styling service Stitch Fix saw its revenues return to growth for the fourth quarter but still swung to a loss. The San Francisco-based company's net revenue reach 443.4 million dollars in the quarter, up 11 percent compared to the previous year on an adjusted basis. Its active client […]

Première Vision, the esteemed Parisian fabric fair, was upbeat about the performance of its first Digital Show, held 15 to 16 September. Pivoting the biannual event to a digital version, the fair secured 1,675 exhibitors and showed over 43,000 products to 19,500 visitors from 120 countries. “The performance […]

Asda is reportedly planning to cut 50 jobs at the Leicester head office of its fashion branch, George at Asda. The redundancies, which account for 10 percent of the head office’s team, were announced to staff on Tuesday, Drapers reports. The move reportedly aims to switch the office’s hierarchical structure […]

British lifestyle brand Joules, in a trading update covering the 13 weeks to August 30, 2020 said that despite the highly challenging trading backdrop, group revenue performance during the period was ahead of the board’s expectations at 39.6 million pounds, with revenue from the group’s own e-commerce […]

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