Latest news

Losses at Victoria Beckham’s luxury fashion house have widened after it made a number of key investments back in to the business. The brand recorded a loss of £10.2 million last year compared to £8.5 million the year before.  The company has attributed these losses to investments including a website overhaul. The...

Laura Ashley is set to close 40 of its UK stores. The company’s new chairman, Andrew Khoo told the Press Association that he wanted fewer stores, but wanted the remaining stores to be bigger.  He also said that the company will be expanding its presence in China. He said: “The direction I...

IKEA has announced that its new store in Greenwich will officially open on 7th February. The store will span across 32,000 square metres and will be the company’s most sustainable store to date.  It will offer IKEA’s traditional product range, inspirational rooms sets, a crèche, restaurant, bistro and Swedish food markets. Helen Aylett,...

Canada Goose is delaying the opening of its first store in China due to ongoing construction. The original open date for the store in Beijing was December 15th. A company spokesperson said in an emailed statement “We look forward to opening our newest store in the near future, but first and foremost...

ASOS has lowered its forecast for its full financial year after falling significantly behind its original expectations in November. In the three months up to November 30th, revenue grew by 14% to £656 million as retail sales climbed by 13% to £640 million.  The first quarter saw UK sales rise by...

Blue Inc has entered administration. The company had been trying several cost cutting measures in order to turn the business around. They asked Begbies Traynor to find a suitable buyer, but instead the turnaround firm has now placed it into administration. Begbies Traynor said: “We can confirm that that Blue Inc entered administration on...

Ocado has reported a strong period of growth in its fourth quarter, with retail revenue growing by 12%. The 13 weeks to December 2nd saw retail revenue reach £390.7 million after average orders per week increased by 13.1% to 320,000.  Average order size declined by 1% to £104.91. Tim Steiner, Ocado's chief...

Natural Selection has opened a London flagship store at 49 Berwick Street in Soho. The brand commissioned Architecture for London to design the store.  It is a 5,000 square foot space that ‘explores the contrast between fashion and architecture’. The store will showcase the brands full clothing range, as well as the...

Sports Direct has offered Debenhams a £40 million loan, according to a letter from Mike Ashley published by the Daily Telegraph. Debenhams has confirmed that the letter is authentic, but has declined the loan. A spokesperson for Debenhams said, “We welcome Sports Direct’s proposal as a clear demonstration of their willingness to...

Ikea has chosen Bromley to launch a second Planning Studio format store. The first store in this format was launched on Tottenham Court Road in October. The store will be situated in a former Mothercare and Early Learning Centre site on Bromley High Street, and will focus on offering a dedicated service...