Debenhams has confirmed that Radley’s chairman Mark Gifford, who’s also an ex-House of Fraser exec, is its new chairman. Speculation around him has been intense this week as the company continues its turnaround drive.
A concept that bridges e-tail and retail and gives shoppers faster access to the clothes they've ordered as well as the ability to send them back quicker is a new initiative from landlord Grosvenor in Sweden.
International shopper spending growth is slowing in the UK and that's bad news for luxury fashion labels, although on the plus side, those shoppers who do visit Britain seem to be spending more per transaction.
With UK inflation at around 2%, a study predicting just a 0.8% increase in Christmas spend this year is bad news for stores. And it could be worse under a no-deal Brexit as the prediction would be scaled back to 0.2%.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
H&M is expanding its focus on making fashion greener and revealed on Thursday that it has been collaborating with Ikea on a large-scale study, reviewing chemical content in post-consumer textile recycling.
UK high street and travel retail newsagent WH Smith has delivered a surprise with news that it’s buying US travel retail specialist Marshall Retail for $400m/£312m, radically expanding its travel retail chain.