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New Scottish fund aims to boost textiles sustainability

New Scottish fund aims to boost textiles sustainability

The Scottish textiles industry is being funded by a £2 million injection to help “reduce its environmental burden”. Zero Waste Scotland and the Scottish government have launched their ‘Circular Textiles Fund’.
Fashion
Senior UK economist warns inflation will persist

Senior UK economist warns inflation will persist

The British economy could be in line for a “painful inflation spiral”, the Bank of England’s chief economist Huw Pill has warned. He points to a shortage of workers and businesses’ willingness to pass on higher costs.
Fashion
John Lewis names Ferrer new fashion director of design

John Lewis names Ferrer new fashion director of design

John Lewis has made a major new appointment, naming Queralt Ferrer as its first director of design for the fashion super-category, as part of its plan to bolster its own-brand strategy.
Fashion
Cath Kidston reportedly up for sale

Cath Kidston reportedly up for sale

It looks like Cath Kidston could be up for sale just two years after the company's pandemic-linked collapse saw it retreating from much of its physical retail chain and cutting close to a thousand jobs.
Fashion
UK consumer confidence dips to record low in June - GfK

UK consumer confidence dips to record low in June - GfK

UK consumer confidence fell to a record low in June as shoppers grappled with a stark new economic reality, figures from Gfk’s long-running series of reports show. Its confidence Index dipped one point to -41.
Fashion
June UK retail sales dip again, July looks flat - CBI

June UK retail sales dip again, July looks flat - CBI

​The first monthly retail sales report for June is out and it doesn’t look good. The Confederation of British Industry has released its regular report and said retail sales volumes fell slightly in the year to June.
Fashion
Klarna launches loyalty card within its app

Klarna launches loyalty card within its app

Easy payments financier Klarna has launched a loyalty card feature on its app. It will allow users to store and access their physical loyalty cards as a digital version “removing the need to carry plastic equivalents".
Fashion
Start of Harrods summer sale delayed by supply issues

Start of Harrods summer sale delayed by supply issues

Shoppers awaiting the start of the renowned Harrods summer sale will have to wait a bit longer. ​The  luxury department store in London’s Knightsbridge has delayed its next sale season by a fortnight.
Luxury
UK consumers rein in spending as inflation bites - GWI report

UK consumers rein in spending as inflation bites - GWI report

As the cost-of-living crisis deepens, it’s no wonder almost a third of UK consumers are now feeling insecure about their finances, according to a new survey from audience insights company GWI.
Fashion
Boohoo names new CFO as incumbent moves to strategic projects role

Boohoo names new CFO as incumbent moves to strategic projects role

​E-tail giant Boohoo Group has named Shaun McCabe as its new CFO to succeed Neil Catto whose role will transition to an Executive Director, remaining on the board, “with responsibility for strategic projects”.
Fashion
Matalan makes strides in turnaround, new in-house womenswear labels strong

Matalan makes strides in turnaround, new in-house womenswear labels strong

​Matalan has filed its accounts for its latest financial year and also updated on the first quarter of this year with the company clearly making progress in its turnaround.
Fashion
M&S slams cabinet minister Gove over public inquiry into Marble Arch store plans

M&S slams cabinet minister Gove over public inquiry into Marble Arch store plans

M&S has lost its patience over long-running delays surrounding the demolition and rebuild of its flagship store at the Marble Arch end of London’s Oxford Street.
Fashion
Consumers want more personalisation but worry about privacy - report

Consumers want more personalisation but worry about privacy - report

Here’s a dilemma. Customers expect personalisation during every brand interaction — but they don’t trust brands to keep their personal data secure and to use it responsibly. 
Fashion
Brexit has damaged UK economy even though trade with EU has recovered

Brexit has damaged UK economy even though trade with EU has recovered

​Britain is becoming a more closed economy due to Brexit, with bad long-term implications for productivity and wages to leave the average worker £470 a year poorer by the end of the decade, a study said on Wednesday.
Fashion
UK inflation spikes again to hit another 40-year high

UK inflation spikes again to hit another 40-year high

​Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch.
Fashion
Primark unlikely to add home delivery, despite  click & collect trial

Primark unlikely to add home delivery, despite click & collect trial

​The billionaire whose family controls Primark’s parent company has poured cold water on the idea that its newly-announced trial of click & collect services could lead to an eventual full offer online. 
Fashion