Drapers

Retailers and industry figures have criticised the chancellor’s Autumn Budget, arguing it will be bad for employment and growth. #retailnews #fashion #fashionnews #budget24

Allan Winstanley has been named chief executive of independent department store chain Morleys Department Stores Limited, following the departure of Nigel Blow.

High street retailer Marks and Spencer’s profit before tax and adjusting items is up 17.2% at £407.8m, for the 26 weeks ended 28 September 2024.

ASOS.com CEO José Antonio Ramos Calamonte remained hopeful about the etailer’s turnaround plan, despite acknowledging an 18% fall in UK orders in its full-year financial results. Click the link below for for the main points from Asos's full-year results follow-up call with Ramos Calamonte. #fashionnews #fashion #retailnews #Asos

With Black Friday due to fall on 29 November this year, independent retailers are taking different approaches to Black Friday discounting, with some opting out, others participating, and some exploring alternatives, several businesses told Drapers. "We don’t normally do one but because the high street is the way it is at the moment we are trying Black Friday." Read the full story below. #retail #retailnews #fashion #independents #BlackFriday

As Daniel Finley became Boohoo Group PLC CEO, he told Drapers that he “absolutely wants to engage” with Frasers Group and there is a broader marketplace opportunity across the group following Debenhams' success. Read the full interview below. #Boohoo #BoohooGroup #Frasers #retail #retailnews

Primark has reported a 6% rise in revenue to £9.4bn for the 52 weeks to 14 September, it announced today (5 November). "Our low-cost model is as strong as ever, as we maintain our relentless focus on delivering great-value clothing and a unique store experience." Read more below. #Primark #fashionnews #retailnews #sales #financials

Primark owner Associated British Foods plc said the fashion retailer expects to have fewer UK employees in a year’s time as it looks to mitigate "tens of millions" of tax rises from the Budget by ramping up self-checkouts and warehouse automation. Read the full story below. #fashion #retail #retailnews #Budget #Primark #ABF

With Black Friday approaching, Drapers spoke to retailers and industry experts about what has become one of the busiest and most important times of the year. #retailnews #fashion #fashionnews #retail #blackfriday

Womenswear brand Sosandar has signed a licensing agreement with Next for an exclusive homeware range to launch on the retailer's website next autumn. Read the full story below. #Next #Sosandar #homeware #retailnews