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Debenhams collapse left unsecured creditors with £1.3bn losses

Debenhams collapse left unsecured creditors with £1.3bn losses

It’s been a tough month for unsecured creditors of failed retail companies. But money owed by Hunter Boot (£112.8 million) and Edinburgh Woollen Mill Group (£167 million) are dwarfed by the cost of Debenhams’ failure.
Fashion
Matalan hires Retail and Supply Chain execs as its Ops Director moves on

Matalan hires Retail and Supply Chain execs as its Ops Director moves on

​Value omnichannel fashion and homewares retailer Matalan has made two key senior executive appointments with Phil Hackney joining as Chief Supply Chain Operations Officer and Katherine Davis as Chief Retail Officer. 
Fashion
UK inflation stays high, fashion prices still rising

UK inflation stays high, fashion prices still rising

​UK inflation is proving more stubborn than expected and despite widespread predictions of a fall in May, the latest figures from the Office for National Statistics show that hope to be wide of the mark.
Fashion
AI predicts digital future for UK high street - report

AI predicts digital future for UK high street - report

We’re hearing a lot about artificial intelligence at the moment and the stories seem to veer from the end of the world as we know it to a boon for humankind. And the latest is definitely on the gloomy side.
Fashion
More big share buys for Frasers Group - this time it's Boohoo and Currys

More big share buys for Frasers Group - this time it's Boohoo and Currys

​Will Frasers Group ever stop buying business or snapping up stakes in other companies? At the moment it seems unlikely and its latest buys this week are stakes in Boohoo Group and electricals retailer Currys.
Fashion
Next surprise trading update reveals warm weather sales boom

Next surprise trading update reveals warm weather sales boom

​Unscheduled trading updates are usually cause for alarm. But Monday saw one from Next and given that this is one of the most successful retailers in the UK, it's unsurprising that it contained good news, not bad.
Fashion
John Lewis to lose key exec as property chief steps down

John Lewis to lose key exec as property chief steps down

John Lewis Partnership’s plan to diversify into property to help turn around its dwindling retail profits has been dealt a blow. Its Property Director Chris Harris has decided to leave in November after five years.
Fashion
PDS chief named CBE in King Charles' honours list

PDS chief named CBE in King Charles' honours list

Damian Hopkins, founder and CEO of global brand management firm PDS Radius Brands and executive director of PDS, has been named a Commander of the Order of the British Empire (CBE).
Fashion
Lalique and Vilebrequin expand in Burlington Arcade

Lalique and Vilebrequin expand in Burlington Arcade

​One of London’s highest-end and oldest luxury shopping destinations — Burlington Arcade in Mayfair — has announced that Vilebrequin and Lalique have taken on second boutiques within the Arcade.
Fashion
Sixth Street considers bidding for Bed Bath & Beyond assets

Sixth Street considers bidding for Bed Bath & Beyond assets

Bed Bath & Beyond's lender Sixth Street Partners is considering bidding for at least some of the bankrupt retailer's assets, the Wall Street Journal reported on Thursday, citing a court hearing.
Beauty
THG Ingenuity in PwC link to help brands create better websites

THG Ingenuity in PwC link to help brands create better websites

THG’s commerce tech division, Ingenuity, has formed a strategic alliance with international professional services giant PwC, “to help brands design, build and run immersive customer experiences online”.
Fashion
Freemans hires ad agency for next stage of brand's evolution

Freemans hires ad agency for next stage of brand's evolution

​Digital department store Freemans is on a journey to reinvent itself as a modern pureplay retailer. So the next stage of the brand’s evolution now involves hiring agency MullenLowe.
Fashion
Shein expands to appliances, smart home and home DIY products

Shein expands to appliances, smart home and home DIY products

Chinese fast-fashion giant Shein announced on Thursday its expansion into new product categories, via collaborations with selected global brands and third-party sellers on its global marketplace. 
Fashion
Landlord Landsec names chief for newly-created data and tech post

Landlord Landsec names chief for newly-created data and tech post

UK property giant Landsec has appointed Nisha Manaktala to a newly created role of Chief Data and Technology Officer. The importance of the post means she will report directly to CEO Mark Allan.
Fashion
Online retailer Overstock to buy some assets of Bed Bath & Beyond

Online retailer Overstock to buy some assets of Bed Bath & Beyond

Overstock.com will buy certain assets of bankrupt home goods retailer Bed Bath & Beyond for $21.5 million, the online retailer said on Tuesday.
Fashion
Scottish retail sales enjoy sun-driven boost for fashion in May

Scottish retail sales enjoy sun-driven boost for fashion in May

​May was a particularly good month for Scottish retail, as bank holidays and sunny weather finally tempted consumers to restart spending, particularly pushing demand for buying spring/summer fashion.
Fashion