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UK: Debenhams “extends supplier payment terms” | 25 Aug 09

Department store chain Debenhams has extended payment terms for some of its suppliers, according to newspaper reports.

Speaking with style: Phil Wrigley, New Look chairman - Part II Joe Ayling | 20 Aug 09

Value fashion retailer New Look has taken the opportunity to cash in on affordable fashion during the recession. The company's chairman and former CEO Phil Wrigley explains how in the second part of his interview session with just-style news editor Joe Ayling.

Speaking with style: Phil Wrigley, New Look chairman - Part I | 13 Aug 09

Value fashion chain New Look is living proof that an economic downturn can bring opportunity to some retailers. New Look chairman Phil Wrigley discusses how the current climate has impacted business, from retail sales through to the supply chain, in part one of this exclusive interview with just-style news editor Joe Ayling.

UK: Ex-Principles management set up new fashion brand | 13 Aug 09

The management team of shuttered UK high street brand Principles has returned with a new women’s wear brand called Mint Velvet.

Fashion suppliers turn the tables on UK retail closure | 23 Jun 09

A group of disgruntled suppliers to collapsed high street retailer Principles has teamed up to launch a new website selling the brand’s unsold stock. But what started out as a reaction to the Western retail crisis is taking on a life of its own, with new lines and even stores being planned. Richard Woodard asks if this marks a turning point in the sometimes fractious relationship between retailer and supplier.

UK: Debenhams to raise GBP323m as like-for-likes dip | 4 Jun 09

Department store operator Debenhams is to raise GBP323m (US$529m) through a rights issue to reduce debts, the company said as it announced a 0.8% dip in like-for-like sales.

UK: Principles suppliers join forces in online initiative | 2 Jun 09

A group of five international suppliers impacted by the closure of UK clothing chain Principles have joined forces to launch their own online retail presence.

World Retail Congress: Quote/unquote - day one | 6 May 09

This week's World Retail Congress in Barcelona has attracted around 800 key executives from the apparel and footwear industries, together with other business areas. Here's a snapshot of quotes from day one of the event.

UK: Debenhams H1 profit up 11% on improved margins | 23 Apr 09

Improved margins and increased sales of own bought apparel drove department store Debenhams to a 10.7% hike in first half profits to GBP104.2m (US$151.4m).

UK: Hot Tuna slashes H1 losses as sales leap 39% | 30 Mar 09

Surfwear apparel company Hot Tuna International more than halved its first half losses thanks to a switch in strategy to target larger retail outlets.

Retail Week Conference: Quote/unquote | 19 Mar 09

The Retail Week Conference in London has seen top fashion executives express their views on the struggling UK retail landscape over the past few days. Here is a roundup of some of the most memorable and insightful comments made.

UK: Debenhams to create 1,200 jobs despite retail gloom | 17 Mar 09

Department store chain Debenhams has reported a 3.6% drop in first-half like-for-like sales, but vowed to create 1200 new jobs across the business by the end of 2010 after profits rose.

TURKEY: Workers claim repression at Prada supplier | 9 Mar 09

High fashion brand Prada has become the latest target for labour rights groups who organised a protest outside its store on London’s Old Bond St at the weekend, alleging worker abuses at its Turkish leathergoods supplier Desa.

UK: More retail jobs lost as Principles stores close | 9 Mar 09

The administrators of women's wear chain Principles are to close 66 of its high street stores - putting thousands of retail jobs under threat - and have sold the brand's assets to Debenhams.

Top stories on just-style this week... | 6 Mar 09

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

UK: Administrators near Principles sale - reports | 6 Mar 09

The administrators of Mosaic Fashions' Principles brand are reportedly drawing close to selling the retailer to department store chain Debenhams.

UK: Elvi fashion chain in administration again | 2 Mar 09

Women’s wear retailer Elvi has gone into administration for the second time in a year, and has made around 20 people redundant at its head office in Redditch, Worcestershire.

SPAIN: Cortefiel, Tesco agree Eastern Europe fashion deal | 24 Feb 09

Cortefiel has teamed with Tesco to launch its brand in Czech Republic and Slovakia where the Spanish fashion retailer will open three corners in Tesco’s MY department store chain, set to open in Liberec on 26 September this year.

UK: Fashion retailers cotton on to Fairtrade Fortnight | 20 Feb 09

High street retailers including Laura Ashley, TK Maxx, Dorothy Perkins and George at Asda are all jumping onto the green bandwagon with new ranges being launched to coincide with Fairtrade Fortnight which begins next week.

ICELAND: Baugur's UK unit to enter administration | 6 Feb 09

Iceland's Baugur Group has decided not to oppose its UK unit BG Holding being placed under administration.

Chinese apparel industry repositioning for growth? | 4 Feb 09

A massive shake-out is taking place in the Chinese apparel industry, as firms struggle to remain competitive against a backdrop of rising labour costs, the strengthening of the yuan, worker shortages and tighter pollution controls. However, as Jozef De Coster reports, some companies are re-positioning to get their businesses back on track.

ICELAND: Baugur on brink after restructuring talks fail | 4 Feb 09

Retail investment group Baugur has sought legal protection from its creditors after restructuring talks with bank Landsbanki failed.

UK: Research looks bright for colour-changing fabrics | 3 Feb 09

New research into colour changing fabrics being carried out by printing service FabPad and nanotechnology expert Nanoforce could have exciting possibilities for the high-end fashion, sportswear and textile industries.

UK: Shoppers splashed out over Christmas – research | 21 Jan 09

New figures released today (21 January) suggest British shoppers spent more this Christmas than they did in 2007, in contrast to gloomy predictions in the run-up to the festive season – but that the outlook for 2009 is still “grim.”

UK: Debenhams gains market share despite sales decline | 6 Jan 09

Department store operator Debenhams claims it has continued to gain market share from rival retailers, despite announcing a 3.5% fall in like-for-like sales in the 18 weeks to 3 January.

UK: Private equity firm warns of bleak retail market in 2009 | 16 Dec 08

Private equity firm Silverfleet Capital, the owner of discount department store TJ Hughes, is warning of a very bleak year for retailers generally in 2009, but says there will be lots of merger and acquisition (M&A) activity in the form of distressed purchases, refinancing and equity injections.

UK: Retail sales down again in November | 9 Dec 08

UK retail sales fell for the second month in a row in November, according to figures published today (9 December) by the British Retail Consortium (BRC), as consumers continue to curb their spending in the run-up to Christmas.

UK: M&S to cut clothing prices by 20% in one-day sale | 19 Nov 08

Marks & Spencer is to slash the prices on all its clothing items by 20% tomorrow (20 November) as it holds a one-day, one-off sale, a spokesperson for the retailer confirmed to just-style today.

UK: Green mulls Moss Bros offer after buying 28% stake | 12 Nov 08

Fashion retail tycoon Sir Philip Green is considering a takeover bid for Moss Bros after spending GBP6.7m (US$10.2m) on a 28% stake in the company.

UK: Debenhams managing director exit sparks reshuffle | 4 Nov 08

Department store chain Debenhams has announced that its managing director Angela Spindler will leave the company on 30 November.








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