Asos has a higher market capitalisation than M&S for the first time with the historic moment for UK retail showing the online pureplay upstart finally outstripping one of Britain’s long-term leading retail names.
Sears racked up its 24th straight quarter of sales declines, but cut its third quarter loss by almost $200m y-o-y, the company said on Thursday, benefiting from lower operating costs as it shut scores of outlets.
The Woolmark Company has entered into a two-season partnership with Japanese fashion label Facetasm to develop its Autumn/Winter 18/19 and Spring/Summer 19 wool-rich offerings, ahead of its Paris men’s show.
Two of the biggest names in British fashion are teaming up with heritage lifestyle brand Barbour collaborating for the first time with fashion-meets-classic designer Margaret Howell on a women’s capsule collection.
Alessandro Michele’s Gucci makeover continues to keep the brand in top spot when it comes to desirability, and Rihanna is the top influencer, while sleeves have replaced shoulders as the statement zone this year.