Swedish IC Companys, the company behind Jackpot and Inwear, has bought the Tiger Group ("Tiger") for an undisclosed sum. Tiger is the dominant brand within young and trendy ready-made clothing in its segment in Sweden. The brand is also marketed in Norway, Denmark and the United Kingdom, primarily in […]

Troubled US retailer Kmart Corporation announced a net loss of USD 1.1bn for the fourth quarter ended January 29, compared with a net loss of USD 1.65bn the year before. Sales for Q4 fell 18.5% to USD 8.87bn on year. For fiscal 2002, Kmart announced a net loss of USD 3.22bn, compared with a loss of […]

Popular Swedish fashion retailer Hennes & Mauritz reported better-than-expected first-quarter profits this week, lifted in part by fewer price cuts on its clothing. The retailer reported a net profit for the quarter ended February 28 of nearly SEK 1.1 billion (GBP 82 million) up from SEK 767.2 million […]

British fashion group Ted Baker plc saw its sales climb 13 per cent to GBP 70.2m for the financial year ended 26 January 2003. The company's pre-tax profit amounted to GBP 9.5m. The company said these results were better than expected and that the cause for this is the new flagship store in London's […]

In an interview with weekly SonntagsZeitung, chief executive Daniel Reinhard of Charles Vögele said that the clothing retailer plans to divest or close some shops in Germany as well as the Netherlands. The boss of the Swiss company said that in Holland, 10 shops are affected this year, in Germany […]

This week Italian ladieswear brand Lui Jo will open its first British brand shop in London. The new shop will cover 75 square meters. Additional shops are to follow in the UK, company founder and owner Marco Marchi said. Liu Jo has a single mono-brand shop in Paris and 13 stores in China up til now. […]

JJB Sports PLC founder and chairman David Whelan on Tuesday revealed he is "seriously considering" taking the company private. Shares in leading sports apparel and equipment chain consequently jumped nearly 20 per cent. Whelan, whose family holds a 39 per cent stake in the company, said he has informed […]

French sporting goods buying group Sport 2000 France SA, revealed plans to start with a new retail concept in order to better compete with France's market leader Decathlon. The group said that the new concept will focus on stores in city centres offering fashion-forward shoes and clothing. A chain of […]

Within days after Richard Thompson sold Jeager to entrepreneur Harold Tillman, he has now also offloaded the Viyella retail chain. Thompson, the former Queens Park Rangers chairman, bought both chains just two months ago from the Coats textiles group for a nominal sum. The new owner of the Viyella chain […]

British retailer Marks & Spencer is shrugging off its image for old-fashioned clothes now its latest collection made it into fashion bible Vogue. The high street chain has undergone a transformation in an attempt to shake its conservative image, and turn round falling profits. Particular attention […]

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