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Five years on from the Rana Plaza disaster, lobby group Fashion Revolution has published a report on the supply chain transparency of the top 150 biggest fashion brands. The 2018 review ranked retailers according to how much they disclose about their social and environmental policies, practises and impact. Brands were given a...
Boohoo is set to post skyrocketing sales in its full-year results later this week, as analysts anticipate its heavy infrastructure investment to nearly double figures. According to City AM, the City has predicted the fast fashion retailer will report 95 per cent sales growth topping £547.6 million, with pre-tax profits of £47...
Women’s fashion retailer Bonmarché has seen its full year like-for-like sales decline by 1.5% after sales on the same basis fell by 7.4% in its fourth quarter. While online sales climbed by 31.2% in the 13 weeks to 31 March, like-for-like store sales dropped by 11.1%. This meant that in the...
House of Fraser has appointed KPMG to advise on a restructuring strategy as it considers a company voluntary agreement. The struggling department store has not yet made it clear which form of restructuring it will opt for, but a fully-fledged restructuring plan will reportedly be released from the retailer in the...
Sainsbury’s is piloting a grocery delivery service by electric cargo bike. The trial will see a fleet of five zero emission bikes delivering up to 100 online orders a day across South London from the supermarket’s Streatham Common store. Sainsbury’s is launching the trial with e-cargobikes.com as it looks to find out...
Mothercare has lost its second senior figure this month as its non-executive chairman Alan Parker jumps ship from the struggling retailer. Earlier this month its former chief executive Mark Newton-Jones was forced out from the retailer, with sources saying that the board was not happy with the progress he was making in...
A new experimental concept store dedicated to supporting and showcasing emerging designers is to open in London’s Belgravia next month. Created by artists Something & Son to support new design talent, 50m in Eccleston Yards will offer upcoming designers retail space to showcase their work in return for an affordable monthly fee. In addition to...
Cos is set to open the doors to a new flagship store in a former warehouse in the Liverpool One shopping centre. The 5700sq ft store will open at the entrance of Peter’s Lane next month, counting upmarket fashion retailers Flannels and Harvey Nichols as its neighbours. Liverpool One, which is celebrating...
450 jobs as at risk as Marks & Spencer has announced the closure of its distribution centre in Hardwick Grange near Warrington. The distribution centre, which currently handles clothing and home distribution for the North West and Scotland is due to close in September, and operations will now move to other...
New Look faces more difficulties as its credit insurance is cut less than a month after a company voluntary arrangement (CVA) was approved by creditors. According to Drapers, HSBC has withdrawn credit protection for some suppliers of the fast fashion retailer after initially reducing its level of credit protection at the...
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