Another senior level departure at online fashion retailer Asos July 21, 2013 ASOS’s human resources director Michelle Emmerson has stepped down, in the latest high profile departure at the online fashion giant. Her departure comes less than a week after Kate Bostock, the former head of clothing at Marks & Spencer, announced that she was to leave the company just seven months into the job. Asos has [...]
FTSE surges upward to join US stock markets July 18, 2013 Following record breaking gains from US stock markets (the S&P also broke new highs shortly after posting), the FTSE is up over one per cent, driven by rallies in the Royal Bank of Scotland, Aberdeen Asset Management, Barclays and the London Stock Exchange. Lloyds Banking Group, Kingfisher and ASOS have also hit new highs. This [...]
Kate Bostock to quit Asos after seven months July 16, 2013 KATE Bostock, the former head of clothing at Marks and Spencer, has quit her new employer Asos after just seven months at the online retailer. In a surprise statement yesterday, Bostock, who was executive director for product and trading, said she had concluded that “Asos isn’t the right place for me”. Nick Robertson, the founder [...]
As one fashion door closes the next one opens July 16, 2013 THERE has been a mass exodus in the retailing world lately – with British fashion label Nicole Farhi going into administration last week and two female retail powerhouses bowing out of their high-powered jobs this week. My-wardrobe.com founder Sarah Curran left her role as board member and face of the firm on Monday, and only yesterday [...]
Britain’s Facebook is already here but we lack the tools to identify it February 18, 2013 IT’S been described as “the $4.2 trillion (£2.7 trillion) opportunity”. According to the Boston Consulting Group, there will be 3bn internet users globally by 2016. If it were a nation, the internet-based economy would rank in the world’s top five. And the UK sits at the forefront, with 8.3 per cent of GDP now online [...]
Reflections on Tulchan’s demise at Marks & Spencer February 14, 2013 FOUR weeks ago I asked Andrew Grant of Tulchan a simple question. Had his firm been fired from the retailer Marks & Spencer as its external financial public relations adviser, following the leaking of its annual results which forced their rushed and premature publication? Grant, rightly known for being courteous, well-informed and straightforward, responded that [...]
G7 fails to halt currency wars February 12, 2013 INTERNATIONAL leaders yesterday failed in their attempt to reassure investors that a currency war would not be allowed to escalate, after a joint-statement failed to convince analysts and prompted sharp fluctuations in the foreign exchange markets. Finance ministers of the Group of Seven leading nations, known as the G7, sought to reaffirm their “commitment to [...]
Bumper Christmas boosts ASOS January 17, 2013 ONLINE fashion retailer ASOS yesterday said its retail sales rose 41 per cent to £78.1m in December, helped by a strong showing in its home market over Christmas. UK retail sales were up by a better-than-expected 34 per cent to £35.7m, driven by its decision to the trim prices of its own-branded products. International sales [...]
The Tipster | Punch Drunk January 14, 2013 ALTHOUGH shares in J D Wetherspoon are up by 24 per cent over the last year, continued pressure on its margins, and no major sporting events in 2013, mean that it may not be a cheerful year for the pub chain. ETX Capital quotes a price of 516.22p-519.78p. Shares in ASOS more than doubled in 2012. [...]
UK consumer price index is forecast higher January 13, 2013 UTILITY prices are expected to have lifted the UK’s consumer price index (CPI), the household spending index due out tomorrow along with a swathe of housing and retail data. “We expect CPI inflation to have edged up to 2.8 per cent year on year in December from 2.7 per cent, and retail price index (RPI) [...]