The privately-owned sporting gear retailer Allsports has encountered cash flow problems due to tough high street conditions. The group, which operates 276 stores, ran out of cash and directors of the company gave up the fight after debts rose to £20 million. Half of that debt is a secured loan […]

British clothing maker Wensum Company Plc reported a pre-tax loss in the first half of £170,000, down from a pre-tax profit of £340,000 in the same period last year. Nevertheless, the company remained optimistic about the outlook for the year. Wensum said it had been severely affected by […]

Under new managing director Nicky Elson, high street retail chain Warehouse is planning some changes to its stores. It will streamline its number of styles, raise its top prices and develop a new store environment. Prior to her new position, Elson was a planning director at Jacques Vert and merchandise […]

British clothing and footwear retailer Alexon has produced disappointing first half results, partly attributed to a tough consumer climate on the high street. Alexon, owner of chains such as Bay Trading and Dolcis, reported pre-tax profits in the first six months ended 30 July of £7.89 million. […]

Damon Dash has exited his label Rocawear, selling his 25 percent stake for £30 million. Instead he prefers to focus on his wife Rachel Roy's contemporary line, his Damon Dash menswear collection, the State Property sportswear line and the athletic collection Team Roc. "In the past five years, […]

The vice chairman of Spanish retailer Inditex, Jose Maria Castellano, has resigned his post. In a statement made on Friday, Inditex thanked him for his “brilliant contributionâ€? and long service. The company said Castellano left for “personal reasonsâ€?. […]

Leading British fashion chain Next Plc might be next in line to join up with Indian lifestyle retailer Planet Sports, according to Indian media reports. Arun Bharadwai, director of Planet Sports, told The Times of India: "We are in talks with various international brands, Next is among them." Planet […]

The founding owners of French fashion label Naf Naf have apparently put the business up for sale, according to media reports late last week. According to these reports the owners, the Pariente brothers, are also looking for buyers for their Chevignon and NC Kids brands. Naf Naf, which sells young urban […]

Luxury fashion house Hugo Boss has predicted record sales of €1.3 billion (£889 million) for the year. Chief executive Bruno Saelzer told local media that the company is looking to make acquisitions in the future. He said that the purchase of another brand would be feasible […]

Home furnishings and fashion retailer Laura Ashley reported a 9.7 per cent rise in sales this week after the group said it saw annual profit slightly above the top end of broker forecasts. In the UK, like-for-like sales were down 6.7 percent in the 52 weeks to January 28, with an expected 25 percent […]

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