Edinburgh Woollen Mill (EWM), Bonmarché and Ponden Home - which were all part of Philip Day’s collapsed EWM Group - have reportedly been saved after their administrators struck a deal with international investors. Administrators at FRP Advisory have issued sale contracts to the potential buyer, in a […]

US fashion company G-III Apparel has reportedly entered the race to acquire assets from the collapsed Arcadia Group. Nasdaq-listed G-III Apparel has joined a list of potential parties interested in snapping up brands from the failed British retail empire, The Telegraph reports. Arcadia, whose portfolio […]

Online retailer Very has reported record sales during the important Christmas trading period. For the seven weeks up to and including 25 December 2020, retail sales increased 25.2 percent year-on-year, while sales via the Very mobile app were up 33 percent. The retailer, which is owned by The Very Group, […]

Marks & Spencer has acquired loss-making fashion retailer Jaeger out of administration for an undisclosed sum. The purchase includes the acquisition of Jaeger's brand and stock, but not its 63 remaining standalone stores. Jaeger, which was previously owned by Edinburgh Woollen Mill (EWM) Group, fell […]

Columbia Sportswear Company has appointed Tim Sheerin as Senior Vice President of U.S. Sales for the Columbia brand. In his new role, the company said, Sheerin will report to Franco Fogliato, Executive Vice President, Global Omni-Channel. “Tim brings a wealth of experience in commercial leadership,” […]

In its updated fourth quarter 2020 plan, Abercrombie & Fitch Co. said, it now expects net sales to decline in the 5 percent to 7 percent range versus plan of down 5 percent to down 10 percent, reflecting ongoing digital momentum offset by store closures and capacity restrictions in North America […]

Over 250,000 small businesses across the UK are set to fold in 2021 according to findings by the Federation of Small Businesses (FSB). Its latest index shows confidence at its second lowest ebb in the ten year history of its report. The figures echo research by McKinsey and Company, which said in September […]

Crocs, Inc. has raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent. “Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs’ history,” said Andrew Rees, the company’s Chief Executive Officer in a statement, adding, […]

Lululemon Athletica Inc. now expects revenue and earnings to be at the high end of its prior range of expectations for the fourth quarter of fiscal 2020 ending January 31, 2021. Commenting on the updated outlook, Calvin McDonald, the company’s Chief Executive Officer, said in a statement: “We’re pleased […]

VF Corp. (VFC), a provider of branded lifestyle apparel, footwear and accessories, announced a transformation plan for its Asia Pacific operations, with relocations over the next 12 to 18 months with the first moves expected in April 2021. VF plans to move the center of its brand operations from Hong […]

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