Author: Sam Allcock
With a summer packed with major sporting events, Frasers Group’s Sports Direct is strategically poised to capitalise on this opportunity.The retailer launched its summer campaign featuring prominent football stars and exclusive sporting gear from top brands.Ger Wright, Managing Director of Sports at Frasers Group, highlights the potential for increased consumer engagement and sales growth.Sports Direct anticipates a spike in retail sales despite challenging weather conditions, driven by the excitement of upcoming sports events.The strategic focus of Sports Direct includes a strong presence in key categories such as football and running for the Euros and Olympics.A sequence of significant sporting events…
Aphrodite, a premium menswear independent store in Sunderland, is closing after 30 years.The closure follows the acquisition of Aphrodite by Frasers Group in April.Aphrodite was founded by Duncan and Andrew McKenzie in 1994.The store grew from offering five brands to over fifty high-end labels.Other stores acquired by Frasers Group have also faced closures.The premium menswear store Aphrodite, based in Sunderland, is set to close down after 30 years of operation. This move comes after its acquisition in April by the Frasers Group, a prominent player in the retail sector.Originally established in 1994 by brothers Duncan and Andrew McKenzie, Aphrodite aimed…
Tesco experiences significant growth in its clothing sector, boosting non-food sales.Over the quarter, Tesco’s non-food sales increased by 0.7%, underpinned by a strong performance in clothing.Total sales in the UK and Ireland reached £14.3bn, marking a 4.1% year-on-year increase.The company forecasts a retail adjusted operating profit of at least £2.8bn for the full year.Tesco’s market share has expanded, with customers increasingly switching from other retailers.Tesco has reported a notable increase in its non-food sales for the quarter ending 25 May 2024, with a growth of 0.7%. This uplift is primarily driven by the strong performance in the clothing segment, reflecting…
Research shows a substantial 25% increase in demand for retail space in London.There were 356 active store requirements in Q1, totalling nearly 1,000,000 sq ft of space.The food and beverage sector led the demand, followed by fashion and leisure operators.Marylebone, Soho, and West End emerged as top choices for fashion retailers.A shift towards permanent spaces is evident as pop-up demand decreases by 10%.Research conducted by property agent Colliers has highlighted a significant surge in the demand for retail space across London, recording a 25% increase year on year. In the first quarter alone, 356 active store requirements were noted, accumulating…
Sports Direct has rolled out an exciting campaign featuring football icons ahead of the UEFA European Championship.The campaign includes notable players such as Conor Gallagher, Jordan Pickford, Rúben Dias, and Ian Wright.Commencing with a sunny Manchester scene, the ad captures the communal spirit leading up to the Euros.Named ‘football fever starts here’, it showcases a variety of football gear from leading brands.Sports Direct aims to engage fans by highlighting the integral role they play in the football experience.Sports Direct has launched a vibrant summer campaign featuring renowned football stars to coincide with the UEFA European Championship, which starts on 14…
The New West End Company urges UK political parties to focus on economic growth, public safety, and planning reforms.This call to action is backed by insights from over 600 member businesses in London’s West End.A key recommendation is the urgent review of the business rates system to foster economic growth.The manifesto stresses the need for more visible policing and reforms in public safety funding.A renewed emphasis on flexible planning systems is crucial for future-proofing high streets.The New West End Company, representing over 600 member businesses, has issued a compelling call for UK political parties to prioritise economic growth, public safety,…
Chanel announces Virginie Viard’s departure as creative director, prompting discussions on gender representation and potential successors.Virginie Viard’s five-year tenure followed Karl Lagerfeld, with Chanel showing notable financial growth under her leadership.Despite the financial success, Chanel faces consumer demand for fresh and exciting collections amid significant price increases.Industry experts emphasise the need for new ideas to maintain consumer interest and address the widening gender gap in leadership.Concerns rise over the lack of female representation in luxury fashion leadership roles following Viard’s exit.On a recent Wednesday evening, Chanel announced the departure of its creative director, Virginie Viard, who has been with the…
The British Fashion Council (BFC) outlines crucial priorities for the upcoming UK government to support the fashion industry.Reinstating the VAT Retail Export Scheme is essential to enhance fashion retail growth and competitiveness.Reforming the business rates regime and enhancing trade investment are identified as key economic drivers.Supporting fashion education and developing skilled workers are pivotal for sustaining the sector’s global leadership.Legislation for sustainable business practices will be critical to achieving environmental goals.The British Fashion Council (BFC) has articulated a set of priorities aimed at the forthcoming UK government, focusing on bolstering the fashion industry. These priorities are intended to enhance the…
Craig McGregor, Superdry’s chief commercial officer, is stepping down amidst restructuring efforts.McGregor joined Superdry in March 2020 and rose to CCO by January 2024.His departure follows the recent exit of the CFO and the appointment of an interim CFO.The company is focusing on a restructuring plan to avoid administration, including reducing its store footprint.Superdry has stated no further leadership changes are planned, with a sanction hearing for the restructuring imminent.Craig McGregor, who has held the position of chief commercial officer at Superdry since January 2024, is exiting his role as the company undergoes critical restructuring. McGregor, who initially joined Superdry…
Chanel has announced the departure of Virginie Viard, their creative director for the past five years, marking the end of a 30-year tenure at the iconic fashion house.Virginie Viard first joined Chanel in 1987, where she worked closely with the renowned Karl Lagerfeld, embodying the brand’s prestigious legacy.Over the last five years, Viard has been instrumental in refreshing Chanel’s creative vision while maintaining its traditional essence.Chanel is set to reveal a new creative structure in the near future, ensuring continued innovation and adherence to the brand’s heritage.Acknowledging Viard’s significant impact, Chanel expressed gratitude for her remarkable contributions to their fashion…