Retailer Gap stated it plans to close about 150 stores this year, 15 more than previously planned, and open about 125. Store openings will focus on Gap's US Old Navy chain, with closures to include more of the core Gap stores. At the start of this month, Swedish retailer H&M formerly took possession […]

What does Tony Blair have in common with a shop selling sexy underwear? They are both cool, apparently, sharing that indefinable quality that unites Scrabble with VW Beetles and Converse trainers with Wagamama's noodle soup. A new book, Cool BrandLeaders, attempts to list Britain's coolest brands - […]

Retail sales fell only slightly in July from the previous month's blistering pace, official figures showed today. Sales dropped by 0.4% in July, the office for national statistics (ONS) reported, leaving them 4.4% higher than a year earlier. A drop was on the cards after surprisingly strong sales in […]

Phillips-Van Heusen Corp. said its net income rose, but earnings per common share halved due to costs related to its Calvin Klein acquisition, preferred dividend expenses and an increase in the number of shares outstanding. For the second quarter the company posted earnings of $9 million compared with […]

Escada has secured bank funding until the end of 2006, boosting investor confidence in the company, which is fighting flagging demand for its upmarket clothes. Shares in the German fashion house gained more than 6 per cent on news that its banks had agreed to maintain existing credit lines until the […]

The Office for National Statistics said the biggest influence on a rise in inflation for July came from clothing and footwear sales. Inflation edged up from 2.8per cent to 2.9 per cent when a fall had been expected. The ONS attributed the rise in clothing prices to fewer reductions on Sale stock because […]

 VF Corp. has revealed it plans to close its merger with Nautica Enterprises Inc at least two months earlier than expected. The world's largest clothing company had originally planned to close the $586 million deal for the New York-headquartered firm in October or November but now expects to complete […]

According to reports New Look founder Tom Singh is in talks with venture capitalist Apax Partners about making a bid for the high street chain. Singh is said to have been talking with Apax for some time. Other venture capitalists zre also discussing providing equity to back the buyout. Singh, the major […]

UK retailers are seeing an increase in income and shopper numbers as temperatures return to normal levels. Although much of the UK is still enjoying very warm and sunny weather, the record-breaking heatwave seen in early August has subsided. Figures show that the number of shoppers across the country […]

Pure is the UK's largest event on the fashion calendar, offering the chance to see hundreds of brands all under one roof. With a huge number of brands showcasing their Spring/Summer 2004 collections, along with a trend presentation from Draper's Record, followed by a catwalk show - the commercial trends […]

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