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Ted Baker results improve and year starts well, but still lots of work to do

Ted Baker results improve and year starts well, but still lots of work to do

​Ted Baker’s full-year preliminary results and Q1 update on Thursday showed “good sales momentum, improving gross margin and operating cost leverage” at the up-for-sale fashion retailer.
Fashion
UK retail sales normalised in May, but fall expected in June, online awful - CBI

UK retail sales normalised in May, but fall expected in June, online awful - CBI

​UK retailers reported just “average” sales for the time of year in May (0% from -24% in April), up from a weaker- than-normal previous month. But overall sales are expected to fall below seasonal norms again in June.
Fashion
Cash-strapped Britons cut back on clothing, cosmetics

Cash-strapped Britons cut back on clothing, cosmetics

​As the cost of living crisis deepens, Britons have a long list of items they're cutting back on and a new study shows that top of the list is clothing.
Fashion
Marco De Vincenzo is new Etro creative chief, accessories will be key

Marco De Vincenzo is new Etro creative chief, accessories will be key

​Etro, the luxury Italian label controlled by the L Catterton fund, has named Marco De Vincenzo as its new creative director. Starting early next month, he’ll be in charge of the women's, men's and home collections.
Fashion
Delivery issues are deal-breakers for most marketplace e-shoppers - report

Delivery issues are deal-breakers for most marketplace e-shoppers - report

​Delivery systems that can be trusted have always been essential for online retailers in keeping consumers happy. But research shows delivery is now one of the biggest deal-breakers.
Luxury
Very Group to add new webstore tech

Very Group to add new webstore tech

E-tailer Very Group has long embraced technology and now the owner of the Very and Littlewoods sites has announced plans to transform its Very.co.uk content management system through a new partnership with Amplience.
Fashion
Klarna announces job cuts, 10% of posts to go

Klarna announces job cuts, 10% of posts to go

​BNPL may be booming but a troubled global economy is still presenting challenges to operators in the segment and news has emerged that one of the biggest operators, Klarna, is cutting 10% of its workforce.
Fashion
West End landlord Shaftesbury hails footfall recovery, rising property values

West End landlord Shaftesbury hails footfall recovery, rising property values

​Shaftesbury, the West End property giant that's in talks about a merger with Capco, has reported what might be its last set of results before a merger is unveiled with footfall up and its portfolio value growing.
Fashion
Big luxury names still back physical retail, London, Paris, NYC are key

Big luxury names still back physical retail, London, Paris, NYC are key

Major global brands will “continue betting on physical retail to drive sales in resilient destination cities”, a Savills report says. And it named New York, Paris and London as “the most attractive cities for retailers”.
Fashion
Luxe sector calls for return of UK VAT-free shopping as spending plummets

Luxe sector calls for return of UK VAT-free shopping as spending plummets

​Luxury businesses have renewed calls for the UK government to reverse its decision to end VAT-free shopping for tourists, saying Britain is losing out to other European countries as big-spenders go elsewhere.
Fashion
Grosvenor's strong recovery boosted by improving retail scene

Grosvenor's strong recovery boosted by improving retail scene

​Grosvenor has delivered a significant improvement in its financial performance in the latest year. The group owns vast tracts of land in key area like London’s Mayfair, as well as the Liverpool One mall.
Fashion
Retailers take part in first UK first wellbeing festival for workers

Retailers take part in first UK first wellbeing festival for workers

​Staff from 100 of the biggest retailers operating in Britain, including ASOS, H&M, New Look and Superdrug, have taken part in the first wellbeing festival for retail workers run by industry charity the Retail Trust.
Fashion
It's bad: UK consumer confidence falls to its lowest since 1974

It's bad: UK consumer confidence falls to its lowest since 1974

​UK consumer confidence tumbled again in May — this time to its lowest level in almost 50 years — after the cost-of-living crisis deepened and concerns over the economy and personal finances grew.
Fashion
H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

H&M-backed project pilots CO2-capturing aprons at Stockholm restaurant

A Stockholm restaurant crew is wearing cotton aprons that capture greenhouse gas from the air, in a pilot of a technique developed by H&M-backed researchers as the fashion industry struggles to lower its climate impact.
Lifestyle
ONS says UK retail sales moved up in April, fashion did well

ONS says UK retail sales moved up in April, fashion did well

​Official retail sales figures for the UK in April were released on Friday and they showed volumes ticking upwards again after they’d fallen during March.
Fashion
Klarna to mark 150m consumers milestone with global Dream Days sales event

Klarna to mark 150m consumers milestone with global Dream Days sales event

​BNPL giant Klarna has been growing fast and clearly wants to grow even faster with the payments firm about to launch a three-day event targeting its many millions of consumers around the world.
Fashion