Miss Selfridge news and archive

Asos cuts profit outlook

Asos reported quarterly sales growth of 4 percent in the three months ended 31 May against a prior comparative growth rate of 47 percent reflecting P3 gross sales growth broadly in line with expectations. The company has updated guidance for the year to reflect uncertain consumer purchasing behaviour and the potential continuation of higher...

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Business

Asos posts sales and profit growth, CEO Nick Beighton steps down

For the year to August 31, 2021, Asos plc reported total sales growth of 22 percent to 3,910.5 million pounds. The company said that growth was underpinned by exceptional performance in the UK which grew at 36 percent, whilst internationally sales growth in both the EU and US was 15 percent and 21 percent, respectively, reflecting the wholesale...

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Business

Asos acquires Arcadia labels for 265 million pounds

British online retailer Asos has announced the acquisition of Topshop, Topman, Miss Selfridge and HIIT brands for 265 million pounds. The company said that the transaction is fully cash funded from existing cash reserves. Additionally, Asos will purchase 30 million pounds of stock upfront to support initial trading before these brands are...

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Business

Miss Selfridge posts 17.5 million pound loss

Miss Selfridge reported a 17.5 million pound pre-tax loss in 2018. According to accounts filed at Companies House, sales at the fashion retailer for the year ended 1 September 2018 fell more than 15 percent to 102 million pounds, while pre-tax loss widened to 17.5 million pounds from 4.2 million pounds the previous year. The loss was driven by...

Retail

Vans to fill former Miss Selfridge flagship site

Arcadia has reportedly lined up American footwear brand Vans to fill the former Miss Selfridge site on Oxford Street. Arcadia, which owns Topshop, Dorothy Perkins, Miss Selfridge, Wallis, Evans and Burton, has agreed to lease the site to Vans, the Evening Standard reports. Last month, Arcadia was given the go-ahead to close 23 stores across the...

People

Boohoo snags head of merchandising from Arcadia Group

James Linsell has left his role as head of merchandising for the Arcadia Group's Miss Selfridges to join Boohoo in the same role. Linsell had spent seven years with the Arcadia Group, first as a senior merchandiser before being promoted to head of merchandising in 2018. Linsell's departure from the Arcadia Group occurs amidst a time of struggle...

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Retail

Arcadia avoids collapse as CVA gets green light

Arcadia Group will go ahead with its planned store closures and rental cuts after all seven of its proposed company voluntary arrangements (CVAs) were approved by the required majority of creditors. The CVA will see Arcadia close 23 stores across the UK and Ireland. Lady Tina Green, the group’s majority shareholder and wife of Sir Philip Green,...

Retail

Miss Selfridge London flagship to close amid Arcadia restructuring efforts

Sir Philip Green’s Arcadia is set to close its flagship Miss Selfridge store in Oxford Circus this July as Green pushes forward with the restructuring of his retail empire. The flagship site will be leased to another retailer and Miss Selfridge will move into a concession in the basement of Topshop next door. "Many of the Miss Selfridge staff at...

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Business

Arcadia names 23 stores to close as part of turnaround plan

Topshop owner Sir Philip Green is planning to close 23 stores in his retail empire as part of a CVA proposal, putting 520 jobs at risk. Arcadia, which owns Topshop, Dorothy Perkins, Miss Selfridge, Wallis, Evans and Burton, is also asking for rent cuts at 194 of its 566 UK and Irish stores, and plans to close all 11 of its Topshop and Topman...

Retail

Very boosts branded offering

Online retailer Very.co.uk is boosting its branded fashion offering with the launch of high street names such as Miss Selfridge, which made its debut on the site this week. The Arcadia fashion brand is one of a number new names joining Very.co.uk’s roster, which recently also included River Island and Wallis, and will soon also include Warehouse...

Fashion

Topshop and Miss Selfridge to launch online in China

Arcadia fashion brands Topshop and Miss Selfridge will be launching online in China after the retail group signed a digital partnership with ShangPin, China’s first online multi-brand retailer of designer and contemporary fashion. Sir Philip Green, who owns Arcadia, has been looking toexpand his retail empire into China for a number of years and...

Fashion

Yasmin Yusuf designs for Miss Selfridge

Yasmin Yusuf is joining Miss Selfridge as creative director. The former chief executive of East, for which she worked for only seven months, will join the Arcadia group this September. At Miss Selfridge, Yusuf will focus on building the brand, while group operations director Mike Goring will be responsible for the day-to-day running of the...