United Kingdom
New CEO at the helm of Coats Group
The UK-based industrial thread manufacturer for apparel and footwear has now a new Chief Executive Officer. David Paja took up the role this month, succeeding Rajiv Sharma
UK Retail: good signs for the run-up to Christmas
The cold weather in July did not bring good news for the UK retail sector, but the following two months spiced things up again. Fashion retail sales appear to be back on track with the wider economy, as continued falling inflation has led to lower prices. Consumers are still reluctant to spend given the difficulties of recent years, but the challenge for retailers is now to keep up and not fall behind again in order to boost demand in the months leading to Christmas
A favourable September for UK retail
As inflation fell to its lowest level in three and a half years, UK retail sales rose by 3.6% year-on-year in value terms in September, according to the latest ONS figures
Kurt Geiger set for potential sale
With a potential 400 million British pounds price tag, the luxury footwear brand Kurt Geiger is in early talks with Alteri Investors and other bidders after posting record profits despite a challenging luxury market
Asos to cut 200 head office jobs in major restructuring
Struggling with post-pandemic challenges, the UK-based online fashion retailer plans to cut 200 head office roles as part of a restructuring process to streamline operations and drive innovation
JD Sports posts first half sales growth
The UK-based sports retailer has reported an organic sales growth of 6.4% in the first half of fiscal 2025, as compared to the same period of last year. Full year outlook remains unchanged
Dune Group founder to be a keynote speaker at the launch of Global Footwear Future Coalition
The Global Footwear Future Coalition, which aims to be a forum for the exchange of knowledge between industry stakeholders, will be launched on the 9th of October. Daniel Rubin, Founder and Executive Chairman of The Dune Group, will be the keynote speaker
Burberry struggles amid downgrade from FTSE 100
The UK-based luxury group lost its spot in the FTSE 100, leading to its lowest market value in 15 years. Analysts express concerns over the brand's status amid declining sales and leadership changes
Asos agrees on strategic joint venture for Topshop and Topman
The UK-based group Asos has agreed to sell a majority stake in Topshop and Topman to Heartland. This move will allow the company to strengthen its balance sheet while retaining a stake in the growth potential of the two brands
Unfavourable weather impacts second half sales of Primark in the UK and Ireland
The parent company of Primark has reported that it expects lower revenue in the second half of the year, as wet weather in the UK and Ireland hit its performance in the region
UK retail sales rose slightly in August
UK retail sales increased just by 1% year-on-year in August, driven by summer shopping, reflecting the challenging retail environment that is likely to prevail for the rest of the year
New leadership appointments at Burberry
The UK-based luxury group has announced the appointment of Jonathan Kiman as Chief Marketing Officer and of Laura Dubin-Wander as President of the Americas region
Loake Shoemakers introduces digital product passports
Ahead of upcoming EU regulations, the British leather footwear brand has teamed up with digital platform Buyerdock to integrate Digital Product Passports (DPP) across its entire product range
Kurt Geiger posts record full year sales
The British footwear and accessories brand has reported a strong year 2023/2024, against both a backdrop of rising prices across the industry and weakening global consumer demand
JD Sports on track to deliver full year EBIT guidance
The UK-based sports retailer has reported a strong second quarter performance, particularly in North America and Europe, and has reaffirmed its full year EBIT guidance as a result-
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