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Luxury Goods
Burberry valuation hits 15-year low as market value falls to £2bn
Burberry shares have dropped by about 8% following a downgrade by Barclays, which has reduced the luxury fashion retailer’s market…
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Electrical
Gear4music on track for FY25 revenues of £154.7m
Gear4music expects that revenues for the year ending 31 March 2025 will be on track to hit a total of…
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Clothing & Shoes
Primark UK sales drop amid weak footfall and bad weather
Primark’s parent company, Associated British Foods (ABF), expects like-for-like sales for Primark UK to fall by around 2% in the…
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People Moves
The Very Group appoints former Asos exec as NED
The Very Group has announced the appointment of Nick Beighton and Paul O’Donnell to the company’s board as non-executive directors. …
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Supermarkets
ACS warns of instances of smaller stores buying stolen goods from shoplifters
The Association of Convenience Stores (ACS) has reported that some smaller shops are buying stolen goods from professional shoplifters who…
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Clothing & Shoes
New Look partners with ITF to protect supply chain workers
New Look has partnered with the International Transport Workers’ Federation (ITF) to ensure that transport workers’ human and labour rights…
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Clothing & Shoes
Frasers to grow presence in Australia with latest investment
Frasers Group has announced the purchase of a 14.65% strategic investment in Accent Group Limited, a retail and distribution business…
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Clothing & Shoes
M&S to trial new clothing-only format as fashion sales rebound
Marks and Spencer is reportedly looking to open clothing-only stores after a rise in demand for its lingerie and cashmere…
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High Street
Organic wine sales at Majestic almost double in a year
Majestic has revealed that its organic wine sales have almost doubled, rising by 94% over the year to July, as…
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Clothing & Shoes
Shein mulls selling shares to British public amid IPO backlash
Shein is reportedly looking to sell its shares directly to the British public after its potential £50bn listing on the…
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