Author: Sam Allcock

This article delves into the retail policies of the UK’s major political parties as outlined in their manifestos for the 2024 general election.The manifestos of the Conservatives, Labour, and Liberal Democrats were revealed, each presenting distinct policies affecting the fashion retail industry.Key issues under review include business rates, international trade, and apprenticeships, which are pivotal to the sector’s growth.The retail industry’s concerns, specifically on business rates and skills training, were highlighted through the Drapers Fashion Retail Manifesto.The stance on retail crime is notably varied, with specific offences and penalties discussed by different parties.The political landscape ahead of the 2024 general…

Womenswear retailer Quiz has launched a new flagship store at Manchester’s Trafford Centre.The new store spans 2,500 sq ft and offers a ‘premium, boutique ambience’.Located at 126 Regent Crescent, this store replaces the previously existing city centre branch.The store’s modern design includes porcelain flooring, gold features, and crystal chandeliers.This opening increases Quiz’s standalone stores in the UK to a total of 68.The opening of Quiz’s new flagship store at the Trafford Centre in Manchester marks a significant milestone for the womenswear retailer. The newly launched store sprawls across 2,500 square feet, offering a luxurious and boutique-like shopping experience. This new…

John Lewis Partnership is awaiting a decision on a major redevelopment proposal in West Ealing.The plan includes 428 homes atop Waitrose, with 83 being affordable rentals.Ealing Council has delayed the decision for nearly a year, prompting an appeal.Katherine Russell cites a desperate need for housing and economic growth as reasons for the appeal.Under Dame Sharon White, the company seeks to diversify profit sources outside retail by 2030.John Lewis Partnership is currently seeking a resolution to its proposed redevelopment project in West Ealing, Greater London. The project, submitted for planning approval on 30 June 2023, entails constructing 428 homes, of which…

The Liberal Democrats have launched their manifesto ahead of the general election, aiming to reform business rates.A proposed commercial landowner levy is set to replace existing business rates, targeting landlords based on land value.Rejoining the EU single market is a key component of the party’s strategy to enhance international trade.The party seeks to introduce a general duty of care for environmental and human rights in business.New policies on apprenticeships, worker protection, and energy are included in the manifesto.The Liberal Democrats have taken a definitive step in setting the stage for the upcoming general election by revealing their manifesto on 10…

Bianca Saunders has been awarded the prestigious BFC/GQ Designer Fashion Fund for 2024.The £100,000 prize will support Saunders’ business growth and expansion worldwide.The award includes mentorship and pro-bono legal services, fostering further development.Saunders’ success story exemplifies her remarkable growth within the fashion industry.Her brand, known for its artistry and community focus, continues to gain momentum.Bianca Saunders, a celebrated British menswear designer, has secured the esteemed BFC/GQ Designer Fashion Fund for 2024, underscoring her influence in the fashion realm. This significant achievement provides her with a £100,000 cash prize, which is aimed at supporting her brand’s continued growth and global expansion.In…

TDR Capital, a UK-based private equity firm, is set to become the majority stakeholder in Asda, taking control of 67.5% of the supermarket chain.TDR Capital acquired these shares by purchasing co-owner Zuber Issa’s 22.5% stake, complementing their previous investment alongside the Issa brothers from 2021.The deal, valued at £780 million, is expected to close in the third quarter of 2024, marking a significant shift in Asda’s ownership structure.Asda is currently conducting an international search for a new CEO, with the role vacant since 2021 after Roger Burnley’s sudden departure.In the fiscal year ending December 31, 2023, Asda reported a 3.4%…

Superdry is experiencing significant executive changes as it navigates a crucial restructuring phase.Craig McGregor, the chief commercial officer of Superdry, is stepping down as the retailer prepares for restructuring.McGregor’s departure follows the exit of chief financial officer Shaun Wills in March.Giles David has been appointed interim CFO, and Dafydd Moore is the new technology director.The restructuring plan, aiming to reduce store footprint, awaits court approval in mid-June.Superdry is undergoing pivotal changes in its leadership as it moves through a critical restructuring phase. Most notably, Craig McGregor, the company’s chief commercial officer, is stepping down from his role. This decision comes…

London Fashion Week kicks off on 7 June at the Institute of Contemporary Arts, featuring a public opening.This season marks the 40th anniversary of London Fashion Week, celebrated with a new cultural format at the ICA.The event includes panel talks, exhibitions, and catwalk shows open to the public on 8 June.Three cultural exhibitions focus on Black, South Asian, and queer communities, showcasing diverse fashion influences.Proceeds from ticket sales for panel talks will support the BFC Foundation’s creative talent development.London Fashion Week is set to commence its latest edition with a unique cultural format on 7 June at the renowned Institute…

N Brown Group has returned to profitability with a £5.3 million profit before tax, despite a drop in sales.Revenue for the group decreased by 9.8% to £601 million, amid challenging market conditions.Adjusted EBITDA experienced a decline, falling 12.5% year-on-year to £47.6 million.Strategic product initiatives were implemented, including new offerings from JD Williams and Simply Be partnerships.CEO Steve Johnson highlights a strong balance sheet and enhanced customer experience due to strategic investments.In a significant turnaround, N Brown Group reported a profit before tax of £5.3 million for the year ending 2 March, contrasting with a substantial loss of £71.1 million in…

Shares of Adani Group companies, such as Adani Green Energy Limited, Adani Enterprises Limited, and Adani Ports, surged by up to 12% in Wednesday’s trading. This comes after a previous session’s rally, as brokerages believe that the next government under Prime Minister Narendra Modi could continue to support investment-led growth and capital expenditure (Capex) in its third term. The Sensex increased by more than 3% in a single day, with Adani Enterprises Limited rising by 6.35% to ₹3,126.50. Adani Ports gained 8% to ₹3,126.50, Adani Green Energy surged by 11.81% to ₹1,840.90, and Adani Total Gas increased by 2.03% to…