Author: Scott Dylan

The August edition of Drapers delivers key insights from the fashion retail industry.Mytheresa has achieved significant sales growth amidst challenging market conditions.Retail experts stress the importance of effective supply chain management.Innovative store design is highlighted as crucial for retail success in 2024.Spring/Summer 2025 buying trends showcase versatile womenswear and footwear.In the latest issue of Drapers, noteworthy developments within the fashion retail industry are explored, offering readers valuable insights. A primary focus is the impressive sales growth of Mytheresa, which continues to thrive despite challenging trading conditions faced by many luxury retailers. Michael Kliger, CEO of Mytheresa, attributes this success to…

George at Asda has reported unprecedented success in its back-to-school sales campaign, nearly doubling last year’s figures.Sales in the back-to-school segment have surged by 88% in the opening two weeks, compared to the same period last year.A strategic early bird promotion and significant investment in customer service contributed to this sales boost.Despite a 3.9% drop in quarterly clothing sales, George has seen a rise in online revenue.Overall, Asda’s revenue showed a modest increase, though like-for-like sales experienced a slight decline.George at Asda has achieved a remarkable start to its back-to-school campaign, with sales nearly doubling those of the corresponding period…

The recent leadership change in Bangladesh has sparked interest from global and local observers.Nobel laureate Muhammad Yunus assumes interim leadership, succeeding Sheikh Hasina amidst significant unease.Business sentiment remains positive with a focus on sustaining the garment industry’s momentum.The manufacturing sector in Bangladesh faces challenges but is striving to maintain stability.UK retailers are advised to prepare for potential delays in imports from Bangladesh.In Bangladesh, a significant political shift has occurred, capturing the attention of both local and international stakeholders. The renowned economist and Nobel Peace Prize laureate of 2006, Muhammad Yunus, has taken the position of interim Prime Minister. His appointment…

The North East region witnesses inspiring community initiatives and notable business triumphs this week.Highlights include a rejuvenating grant for Briardale House, prestigious awards for industry leaders, and groundbreaking nominations in the accounting sector.The Briardale House in Blyth has been the beneficiary of a substantial financial boost, courtesy of a four-figure grant from The Banks Group. This aid will see the transformation of the community centre’s bathroom facilities, which have not been updated for over two decades. The Centre, a hub for around 300 weekly visitors, offers various services including a Meals On Wheels programme.David Foster, CEO of Anglo Scottish Asset…

Hobson & Porter has commenced work on the £12 million Skegness Learning Campus, part of a broader economic strategy.This pivotal project, set within the Skegness Gateway initiative, promises to deliver enhanced educational opportunities and community development.Project Commencement and SignificanceHull construction firm, Hobson & Porter, has embarked on constructing a significant educational facility—the £12 million Skegness Learning Campus. This project forms part of the ambitiously government-backed £14 million Connected Coast Town Deal. This strategic initiative is poised to enrich the local educational landscape with diverse vocational training opportunities.Skegness Learning Campus is set to become a cornerstone of the Skegness Gateway initiative.…

Abercrombie & Fitch has launched its inaugural store in East London, located in Spitalfields’ Horner Square, marking an expansion of its UK presence.The new outlet features a comprehensive selection of women’s and men’s collections in an inviting environment enriched with contemporary art.Innovative omnichannel services, including click-and-collect, are available to enhance customer convenience.Significant growth has been reported by Abercrombie & Fitch, with a notable rise in both operating income and net sales.The company has revised its full-year sales forecast upwards, reflecting its optimistic market outlook.Abercrombie & Fitch has opened its first store in East London at Spitalfields’ Horner Square. This launch…

Fitness Worx has secured a significant financial boost to support its expansion in the West Midlands.The acquisition of £320,000 from the Midlands Engine Investment Fund marks a new chapter in its growth journey, with plans to open a new gym in Coventry. This initiative reflects the company’s commitment to enhancing fitness accessibility and community engagement across the region.Introduction of New Facility in CoventryFitness Worx is on the verge of launching a new 12,000 sq ft gym at Cannon Park Shopping Centre, Coventry. This upcoming facility, representing a significant component of its expansion strategy, is set to commence operations next month.…

The webinar explores the increasing importance of customer returns in fashion retail.Paid returns are on the rise as businesses struggle with returning costs.Customers prefer returns that are fast, flexible, and ideally free of charge.Retailers face challenges from repeated returners and aim to maximise full price sales.Experts from New Look and ZigZag discuss strategies for effective return management.The significance of customer returns has become a pivotal topic in the fashion retail sector. As consumer expectations continue to evolve, these returns are no longer just a logistical matter but a strategic component in customer satisfaction and retention. Retail giants such as New…

A well-regarded Birmingham hotel and restaurant have entered the market, valued at £12 million.This sale follows the administration of its leaseholder, providing a prime investment opportunity in the city’s vibrant commercial sector.Hotel and Restaurant on the MarketA Birmingham landmark, The Cube Hotel and its iconic Marco Pierre White restaurant, have emerged on the market, priced at an impressive £12 million. This opportunity presents itself following the administration of its leaseholder MSHA Global Investments, which had been overseeing the hotel operations. Watling Real Estate and Graham + Sibbald are spearheading the sale efforts, representing a significant property investment in the city.With…

Castore, a Manchester-based sportswear brand, has secured a 10-year lease for a new store in Derby’s Derbion shopping centre, set to open on 22 August.The store will be located on the second floor, adjacent to sportswear retailer Footlocker, expanding Castore’s UK presence.Castore’s expansion strategy includes over 30 retail locations worldwide, with 16 in the UK alone.Peter Alecock, Castore’s commercial director, expressed excitement about entering the Derby market, highlighting the strategic importance of the location.The Derbion centre attracts a diverse customer base from across the East Midlands, making it an ideal location for Castore’s latest retail expansion.Castore, renowned for its innovative…