Posted In Around the Web
By Alys Keys at City AM
Premium womenswear chain Karen Millen will raise prices by 5% this year in response to the weakened pound.
But chief executive Beth Butterwick told the Press Association that shoppers will not notice the change as it will only affect the middle of the range rather than the top and bottom ends.
Read the full article at Cityam.com
Posted In Brands & Designers, Business, Fashion, News & Insight
Billy Tannery, a new British leather brand founded by two young entrepreneurs, is set to launch this week via a campaign on crowdfunding site Kickstarter.
By Oliver Shah at The Sunday Times
Marks & Spencer is set to report a 3.3% drop in fashion sales, underlining the scale of the challenge facing its new chairman.
Wednesday’s results are expected to confirm a decline in M&S’s annual clothing and homeware sales, despite an improvement over Christmas.
Read the full article at Times.co.uk
By Mark Kleinman at Sky News
The upmarket jeweller Theo Fennell has been forced to call in administrators four years after a takeover by a consortium of high-profile investors.
Sky News has learnt that BDO, the professional services firm, was appointed as administrator to Theo Fennell on Thursday.
Read the full article at News.sky.com
Posted In Business, News & Insight, Retail & Etail
Menswear retailer Moss Bros achieved a 3.7% increase in sales (2.3% like-for-like) in the 15 weeks to 13 May despite a tough trading environment.
Posted In Brands & Designers, Fashion
Scottish brand Walker Slater has unveiled its AW17 collection, entitled Messrs, which it expects to increase its wholesale partnerships with high-end boutiques in the UK and overseas.
Posted In News & Insight, Retail & Etail, Save the Date, Save the Date, Tech & Media
Mr Porter managing director Toby Bateman, designer Oliver Spencer and Thread head of business development Terry Betts will be taking part in a panel discussion on the impact of technology on the menswear’s market at London Fashion Week Men’s on 12 June 2017.
Posted In News & Insight, Retail & Etail, Tech & Media
In the latest in a series of global creative projects AllSaints has today released a new short film celebrating Mexico City.
Posted In Business, News & Insight, Retail & Etail
UK online retail sales grew 13.9% year on year in April, but while on the face of it that looks like strong growth, it was slower than expected and only up 4.3% on the previous month, according to the newly released IMRG Capgemini e-Retail Sales Index.
Posted In Business, News & Insight, Retail & Etail
Revenue at British luxury house Burberry was down 2% on an underlying basis at £2.8bn while pre-tax profit was down 5% at £395m in the year to 31 March 2017.
