Multiple UK consumer spending and retail spending reports that were released on Tuesday showed one general trend of consumers reining-in their purchases. But at least fashion is staying buoyant for now.
There was a new twist in the sale process for Ted Baker on Tuesday as the company announced in a stock exchange filing that the preferred potential bidder it had identified has decided not to proceed with an offer.
Kohl's Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday.
How is Superdry’s goal to become the most sustainable listed global fashion brand on the planet coming along? Making “huge progress”, according to the UK-based retailer, and based on its latest eco campaign.
UK eco underwear start-up Bedstraw + Madder has formed an alliance with environmental company Raddis Cotton to “create transparent, chemical-free clothing that restores our ecosystems, biodiversity and climate".
Beware: a major rise in corporate distress and bankruptcies, especially in retail, is looming, experts say. Rising costs, supply chain problems and the end of government support could trigger failures this autumn.
Fashion retailer New Look said on Monday that CEO Nigel Oddy has stepped down and is leaving the firm. It also said that the search for his successor is “well-advanced” but it gave no hint of who might take up the post.