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Michelle Russell

Next optimistic on year ahead despite FY profits halving

1 April 2021 | Michelle Russell

UK clothing and homeware retailer Next Plc saw its profits halve last year but has upped its earnings forecast thanks to strong online sales.... read more


Next continues to demonstrate its agility – What the analysts say

5 January 2021 | Michelle Russell

UK clothing and homeware retailer Next Plc saw its online sales soar 38% in the nine-week Christmas trading period to 26 December, boosting better than expected full-price sales. However, the company remains cautious about the continued uncertainty caused by the Covid-19 pandemic, and its potential economic impact. Next's share price was up 8.69% in morning trading today (5 January).... read more


Next cautions on year ahead despite online sales jump

5 January 2021 | Michelle Russell

UK clothing and homeware retailer Next Plc has benefitted from investment in its online channel as sales jumped 38% in the nine-week Christmas trading period to 26 December, boosted by loungewear and sportswear.... read more


Ted Baker losses widen as H1 sales slump

7 December 2020 | Michelle Russell

UK high street fashion chain Ted Baker saw its losses widen in the first half of the year and sales slump as the Covid-19 pandemic restrictions took their toll.... read more


New Ted Baker licensing deals with Next and Baird Group

28 September 2020 | Michelle Russell

UK high street fashion chain Ted Baker has agreed new licensing deals with Next Plc and Ben Sherman's licensee Baird Group, in a move it says will enhance supply chain efficiency.... read more


Pentland Brands appoints new CEO in management reshuffle

9 September 2020 | Michelle Russell

Pentland Brands has made a number of management changes, including the appointment of Chirag Patel as chief executive officer.... read more


Worker rights risks rise to the fore

7 September 2020 | Michelle Russell

As fashion brands and retailers begin to reset and reshape their supply chains as they emerge from the global coronavirus pandemic, a new multi-year investigation has identified child labour and audit deception among the risks at stake when sourcing from garment factories in Myanmar.... read more


New fashion retail landscape emerging

10 August 2020 | Michelle Russell

The new fashion retail landscape emerging in the wake of the Covid-19 pandemic is already leading to dramatic and permanent changes in the way brands and fashion retailers plan and work. There are some practical steps that surviving businesses should consider as online becomes the dominant way of doing business.... read more


JD Sports fined over breach of order in Footasylum case

5 August 2020 | Michelle Russell

JD Sports Fashion and its largest shareholder Pentland Group have been fined by the UK Competition & Markets Authority (CMA) for breaching an order related to its acquisition of Footasylum.... read more


Next bouncing back after feeling full force of the pandemic

29 July 2020 | Michelle Russell

UK clothing and homewares retailer Next Plc has seen its sales stage a partial recovery in the second quarter after they were dealt a big blow during the coronavirus lockdown. Investment in online capabilities, warehouse capacity and a strong balance sheet have all helped, and the company is now confident of booking a full-year profit. Industry experts offer their views on today's (29 July) results.... read more


Next Q2 sales beat expectations, outlook positive

29 July 2020 | Michelle Russell

UK clothing and homeware retailer Next Plc has said it expects to finish the year in profit after it revealed a better than expected slump of 28% in full price sales for the second quarter.... read more


Ted Baker to cut more than 500 jobs?

20 July 2020 | Michelle Russell

UK high street fashion chain Ted Baker is understood to be cutting more than a quarter of its workforce as the retailer battles weak consumer spending and a channel shift to online.... read more


Leicester garment industry dominates headlines

13 July 2020 | Michelle Russell

UK fast fashion retailer Boohoo Group has dominated the headlines in the last week after media reports surfaced of exploitation and unsafe conditions at one of its Leicester-based supplier factories, which is reportedly paying staff just GBP3.50 (US$4.38) an hour.... read more


Ted Baker raises GBP105m to invest in business

18 June 2020 | Michelle Russell

Struggling UK fashion retailer Ted Baker has raised GBP105m (US$131.2m) in capital to reduce its debt and invest in new efforts to try to turn the business around after posting a near GBP80m annual loss earlier this month.... read more


Industry weathering the storm of the Covid-19 pandemic

15 June 2020 | Michelle Russell

Trust, people and partnerships – key tenets underpinning fashion supplier and sourcing powerhouse PDS Group – have been tested to the limit during the coronavirus pandemic. But they've also stood the business in good stead, helping to not only weather the storm but reposition it to emerge even stronger from the crisis.... read more


Retail in spotlight as bankruptcies stack up

18 May 2020 | Michelle Russell

The impact of the coronavirus (Covid-19) pandemic is starting to be felt more heavily across the retail sector with more bankruptcies emerging.... read more


Concerns mount as Covid-19 impacts supplier orders

20 April 2020 | Michelle Russell

The coronavirus (Covid-19) continued to dominate our news coverage last week as supplier orders continue to be cancelled, apparel sales continue to plummet, and industry jobs remain on the line.... read more


Next re-opens online, warehousing and distribution ops

14 April 2020 | Michelle Russell

UK clothing and homeware retailer Next Plc has begun selling online again today (14 April) – albeit in a limited way – after putting safety measures in place to ensure its warehouse workers are safe.... read more


Pandemic continues to wreak havoc on industry

23 March 2020 | Michelle Russell

The ongoing impact of the coronavirus (Covid-19) pandemic on the global apparel industry and its supply chain continued to dominate content on just-style over the past week.... read more


Next fears virus sales hit more than supply issues

19 March 2020 | Michelle Russell

UK fashion and homeware retailer Next Plc has warned it could lose up to GBP1bn (US$1.15bn) in sales as the coronavirus impacts demand – but says it is armed with various measures that could help control costs and conserve cash.... read more


Ted Baker under review by lenders

13 January 2020 | Michelle Russell

A group of lenders for troubled UK fashion retailer Ted Baker are understood to have hired advisers to carry out an independent review of the business.... read more


Progress on trade deals welcomed

19 December 2019 | Michelle Russell

The United States and China have reached an agreement on a Phase One trade deal in a move that will delay new tariffs that were due to take effect over the weekend and halve the rates currently imposed on most apparel and textile products imported from China.... read more


Pentland Brands strengthens Berghaus product team

18 December 2019 | Michelle Russell

Pentland Brands has appointed former Nike and Columbia Sportswear executive Paul Anderton as head of category for product innovation for the Berghaus brand.... read more


Ted Baker director Ron Stewart latest to quit

17 December 2019 | Michelle Russell

Ted Baker has announced the departure of long-time non-executive director, Ron Stewart, just a week after the UK fashion retailer saw its CEO and chairman step down.... read more


Vietnam's textile-garment plan hits hurdles

19 November 2019 | Michelle Russell

domestically-made textile inputs remains a major problem that continues to hinder clothing manufacturers in the country.... read more


New B2B marketplace connects suppliers and retailers

3 October 2019 | Michelle Russell

A B2B fashion marketplace has launched that aims to help retailers find innovative styles at competitive prices from the best suppliers in the business, while helping sellers expand their reach and increase sales.... read more


Rwanda gearing up for a slice of sourcing action

24 September 2019 | Michelle Russell

For years now, Ethiopia has garnered the spotlight for its ambitions to become the world's next big destination for textile and fashion production. But another East African country – Rwanda – is also gearing up for a slice of the action, with the country's newest export-led garment factory quickly making up for lost time.... read more


Trump moves forward with trade threats

26 September 2018 | Michelle Russell

US President Donald Trump has decided to move forward with a 10% tariff on an additional US$200bn worth of goods from China, in a move the US fashion industry says will considerably disrupt the sector's supply chain. The tariffs will take effect today (24 September) and will be set at a level of 10% until the end of the year. On 1 January 2019, the tariffs will rise to 25%.... read more


Trump tariff dispute rumbles on

26 June 2018 | Michelle Russell

The US has escalated its trade threats to China after President Donald Trump said he is considering tariffs on an additional $200bn of Chinese goods if China "refuses to change its practices."... read more


Concern mounts over Trump's trade policies

16 April 2018 | Michelle Russell

Since President Donald Trump took office in January 2017, his administration has been busy fulfilling major campaign promises on trade policy – much to the concern of US fashion brands and apparel retailers.... read more


Next earnings tumble amid difficult clothing market

23 March 2018 | Michelle Russell

UK clothing and homewares retailer Next Plc has seen its annual profits fall by 8% as the company described 2017 as the most challenging year it has faced for 25 years.... read more


Ted Baker shares slide on challenging outlook

22 March 2018 | Michelle Russell

UK lifestyle brand Ted Baker saw its share price slide 5.5% in morning trading after cautioning on a challenging global trading environment looking ahead.... read more


Asia-Pacific trade deal now signed by 11 nations

12 March 2018 | Michelle Russell

The 11 remaining countries of the Trans-Pacific Partnership (TPP) have now signed a revised version of the multilateral trade pact without the US, reviving a deal that will slash tariffs and foster trade in a marketplace worth close to around US$13.5trn.... read more


Agile logistics key to new hybrid retail world

3 August 2017 | Michelle Russell

US retail giant Walmart has topped a list of the fastest growing retailers thanks to its investment in ensuring it has the right balance between its online and brick and mortar operations.... read more


Pentland Brands FY boosted by sports brands

17 July 2017 | Michelle Russell

Pentland Brands, owner of the Berghaus, Speedo and Ellesse labels, achieved record performances for a number of its sports brands in its last fiscal year despite challenging global market conditions.... read more


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