Dutch fashion brand Scotch & Soda on Monday announced an “acceleration of its growth strategy”. This includes the opening of 15 new physical stores and seven new concessions by year-end around the world.
News that ASOS CEO Nick Beighton has stepped down rather put the firm’s results statement in the shade. But there’s no denying the company remains one of the most successful in fashion retail, even if growth is slowing.
The ASOS annual results Monday were overshadowed by CEO Nick Beighton stepping down with immediate effect. The e-tail giant said new leadership would “underpin delivery of the next phase of its global growth strategy”.
The Hut Group shares continued to fall on Tuesday morning after a period of decline that had already seen the firm losing a quarter of its market value in just two weeks by Monday’s stock exchange closing bell.
Unilever and Procter & Gamble, the world's top two advertisers, are seeking out younger audiences by reallocating some 2021 spending away from traditional TV and into video games, streaming services and media programs.
UK grocery and general merchandise retailer Morrisons is being acquired by the group that made a rebuffed bid for it earlier this year, with American group Clayton, Dubilier & Rice winning the auction at the weekend.
Drest was focused purely on fashion when it launched exactly two years ago and now said that it’s “set to disrupt the beauty industry with the launch of Beauty Mode” in an exclusive link-up with Gucci.
Xmas shopping is expected to see an early start this year in the UK with a survey showing only 9% of shoppers will leave it until December to make their purchases. But December 18 will still be the season's busiest day.
H&M Group sales are continuing to recover as its markets reopen, although it’s not bouncing back as fast as some rivals. That said, its net sales in local currencies increased by 14% year-on-year in Q3.
Boohoo Group hit another sales record in the first half with the company reporting H1 sales were even closer to the magic £1bn figure and that it doubled its market shares in the UK and US over the last two years.