Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]
Is Mike Ashley plotting a takeover of another UK retailer? December 17, 2023 Retail tycoon Mike Ashley is understood to be plotting an acquisition of ailing luxury fashion site Matchesfashion.
Shein float will be a godsend for markets – if it can get over the line December 13, 2023 As Shein eyes up a mega IPO, it's flotation could re-start the cycle of flotations which has been stuck in the doldrums, writes Simon Neville
Unilever probed over ‘greenwashing’ concerns – and use of green leaves December 12, 2023 Unilever are under the microscope over 'greenwashing' accusations - with criticism over their use of 'green leaves'
Whether it’s Shein or Vinted, we’re addicted to buying clothes for pennies November 30, 2023 Business is booming for both Shein and secondhand retailers. The link? We're addicted to buying clothes for nothing, writes Anna Moloney.
Short sellers target Metro Bank ahead of crucial shareholder vote November 26, 2023 Short sellers are targeting Metro Bank ahead of a decisive shareholder vote tomorrow on a major refinancing plan agreed just over a month ago.
Asos: Short sellers ramp up bets against former retail favourite as profits dwindle November 21, 2023 Short sellers have been hiking their bets against Asos this month after the former e-commerce darling slashed its profit forecasts in September.
Shadowfall hedge fund turns against Darktrace November 19, 2023 The fund, led by ‘dark destroyer’ Matthew Earl, has shorted 0.52 per cent of Darktrace’s stock, worth around £12.8mn.
A fashion disaster: how Asos lost its throne to Shein (and Gen Z) November 3, 2023 Asos has Topshop in its arsenal but it has failed to recreate its dominance of the 2010’s and Shein has won favour among Gen Z buyers, writes Debbie Ellison
Shein is plotting world domination, should UK retailers be worried? November 2, 2023 It is expected that Shein’s chokehold on shoppers will get even greater after acquiring its first UK company earlier this week.