Struggling Debenhams faces a fresh challenge with credit insurers tightening up the terms for its suppliers, suggesting a lack of confidence in its turnaround. But the company has denied it’s facing a cash crunch.
A key monthly UK retail report for June seems to show that British shoppers are still turning away from physical stores and that a slight recovery seen in June in year ago was just a flash in the pan.
Yoox Net-A-PorterGroup (YNAP) is continuing its campaign to boost girls' awareness of tech careers as new research shows that very few think tech is relevant for those seeking careers in fashion, retail and luxury.
Asos powered ahead in SS18 as the UK, US and EU markets all bought into its offer in large numbers. And full-price trading has continued strongly during July, apparently with no negative impact from the heatwave.
Cosmetics firm Swallowfield has had a generally good year, despite a few challenges, with its trading “broadly in line with expectations” and revenues set to be similar to those reported in the prior year.
Primark has taken a step forward in its sustainability strategy by announcing on Wednesday that its own-brand cosmetics have been awarded the coveted Leaping Bunny status by Cruelty Free International.
Make-up brand Iconic London has been acquired by Blue Gem Capital’s growing beauty division. The three-year-old brand joins an overall style-focused portfolio that includes Liberty London, Jack Wills and Mamas & Papas.