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Fashion retailer FatFace has revealed mixed full year financial results, which has prompted the company to warn that prices will increase in the next year. The figures show that sales rose 7.4% to £220.7 million in the 52 weeks to May 28th whilst online sales rose 20.6%, accounting for 18.1% of...

Women’s magazine Grazia has teamed up with property investment company Shaftesbury to launch a satellite office on Carnaby Street for London Fashion Week. The collaboration, which coincides with the publication of a special LFW issue of the magazine, will feature fashion and beauty masterclasses, live trend edits and daily fashion and...

A new report has estimated that 50,000 to 60,000 new cutting-edge fashion retail roles will be needed in the UK fashion sector in the next five years to help it keep up with the digital revolution transforming the industry. The study by Fashion Retail Academy and OC&C Strategy Consultants suggests that...

It has been announced that the re-opening of Bracknell’s high street shopping precinct, Lexicon has been pushed back until autumn 2017. Responsible for the regeneration of the precinct, costing £240 million is The Bracknell Regeneration Partnership (BRP), who has stated the reason for the delay is so they can revise their...

Shopping centre Westfield Stratford City will be celebrating five years of trading this week. Since it opened, the East London venue has seen 220 million shoppers, whilst bringing in £5 billion in retail sales. Situated opposite Queen Elizabeth Olympic Park, the centre has attracted around 30 UK-first stores and concepts for...

The John Lewis Partnership has seen profits plummet, as a competitive retail market and asset write-downs in its traditionally volatile first half put pressure on its figures. Pre-tax profits fell 14.8% to £82.4 million for the six months to July, but including a £25 million charge for the write-off of sites...

The boss of fashion chain Whistles Jane Shepherdson has resigned after eight years at the head of the company following a buyout. Her role will be taken over by the existing team, including brand director Helen Williamson, managing director Justin Hampshire, and creative director Nick Passmore. Ms Shepherdson will be “continuing to...

Homeware retailer Dunelm has reported “another strong year”, maintaining its record of growing sales and profit every year since IPO in 2006. In the year to July 2nd, like-for-like growth in stores increased 1%, but home delivery sales rocketed by 23.2%, now accounting for 7% of total revenue. Meanwhile, six new openings...

Furniture and homeware retailer IKEA has reported that its total sales have increased 7.1% to €34.2 billion in the year to 31st August with 783 million customers visiting its stores. Adjusted for currency impact, total sales rose 7.9%. On a like-for-like basis store sales were up 4.8%. The company stated that Germany...

It has been reported that the former boss of BHS, Darren Topp is set to join luxury fashion retailer LK Bennett as its new chief executive. If reports are accurate, he will be replacing Robert Bensoussan, who became interim chief executive in 2014 and who will remain at the company as...