Boohoo poaches Trainline CFO weeks after retailer saw first-ever sales drop June 23, 2022 Boohoo has poached Trainline’s former finance lead as its new chief financial officer (CFO), just weeks after the retailer posted its first-ever sales drop. It comes amid a turbulent period for fast fashion brands. Rival retailer Missguided collapsed in late May, after being hammered by spiralling supply chain costs. Shaun McCabe, who has sat on [...]
Mark Kleinman: Diamond merger shows mid-cap brokers need polish January 18, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Fossil fuel fashion: half of clothing made from non-recycled plastic, think tank says June 11, 2021 Half of fast-fashion items sold by online brands like Boohoo and Missguided, are made solely from non-recycled plastics, a think-tank has said today. Think tank Royal Society of Arts, Manufactures and Commerce (RSA) urged the government to impose a new tax on such clothing made from non-recycled plastic like polyester. Income from the suggested clothing [...]
Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands June 23, 2022 Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]
Swapping fast for second-hand fashion: Love Island announces eBay UK as new brand partner May 19, 2022 Love Island has swapped fast fashion for second-hand fashion, announcing a new brand partnership with eBay UK this morning.
Garment workers in Leicester face ‘many constraints’ in accessing fair pay and conditions still June 13, 2022 The government must do more to tackle the exploitation of garment workers across the country, a report into Leicester workers has found. Garment workers in the city still face obstacles to fair pay and conditions, according to a study from the University of Nottingham and De Montfort University, commissioned by the Garment & Textile Workers [...]
JD Sports first-half profit jumps after post-lockdown demand September 14, 2021 Sportswear retailer JD Sports Fashion has reported record earnings for the first half thanks to strong demand for sportswear. However, the company withheld its interim dividend and made the suggestion of a “larger full year dividend” instead. JD Sports said it had been limited by supply chain disruption, meaning it had struggled to meet demand [...]
Watchdog censures Boohoo and Missguided over ‘sexual’ adverts October 16, 2019 The advertising watchdog has censured retailers Boohoo and Missguided over adverts that contained “offensive” and “socially irresponsible” sexual references. In an online video ad for women’s fashion brand Missguided, young women in swimwear were depicted in “seductive poses”, including one shown with a strawberry between her lips. Read more: Deliveroo astronaut ad banned over misleading [...]
Shein dubbed ‘most manipulative’ fast fashion website October 20, 2021 Fast fashion retailer Shein has been dubbed the “most manipulative” fashion website for its tactics to entice customers to make purchases. Countdown timers, exclusive subscriber discounts, trending stickers and “you might also like” all feature heavily on Shein’s websites. Rogue Media has dubbed the budget fashion brand the worst offender for so-called ‘dark patterns’. Andy [...]
Second-hand market ripens as China’s $3bn platform plots US IPO July 5, 2021 Tencent-backed online second-hand marketplace Beijing Zhuanzhuan Spirit Technology (BZST) is plotting a $400m funding round ahead of an initial public offering, according to reports. BZST, currently valued at $3bn, is trying to gauge interest from private equity and strategic investors, Bloomberg first reported, citing people familiar with the matter. The second-hand retailer is eyeing a [...]