Pixie Geldof to front USC
Pixie Geldof is to be the new face of fashion chain USC, owned by Sir Tom Hunter. Hunter plans to relaunch womenswear at the chain with two new own-brand labels, Abandon and Miss Soviet in October.
Blacks Leisure may jettison O’Neill’s chain
Black’s Leisure is set to reveal the final stage of a restructure that could see the group jettison the O’Neill boardwear chain
From The Sunday Times
Abercrombie & Fitch under fire for discrimination
Abercrombie & Fitch is accused of discriminating against a US Muslim teenager. The US government says the 18-year-old was denied a sales job because her headscarf violated the retailer’s ‘look policy’
From The Guardian
M&S warned about internal candidate to succeed Rose
Investors have warned Marks & Spencer that it could risk further tensions with shareholders if it chose an internal candidate to succeed Sir Stuart Rose as chief executive.
B&Q boss slams return of standard VAT
Kingfisher boss Ian Cheshire criticises the timing of the planned return to 17.5% VAT on 1 January calling it ‘spectacularly inconvenient’ for retailers. The B&Q owner announced a 40% profit hike in interim results.
French Connection suffers effects of discounting
French Connection announced plans to close stores and cut back on advertising after suffering the effects of discounting, a fall in sterling and failures at retailers that stocked its clothing.
August sales slump
August sales were hit by poor summer weather as official figures showed total sales were flat during the month.
Figleaves founder returns
Michael Ross, the founder of online underwear retailer Figleaves.com, is back with a new venture. The company aims to help high street retailers build an online presence.
From The Financial Times
Karen Millen may buy back Fashion chain
It has emerged that Aurora Fashions, the Kaupthing owned fashion group that formed after Baugur fell into administration last year, may split. Karen Millen, founder of the fashion chain says she would consider buying back the chain. Debenhams has also shown interest in buying one or more of the group’s businesses, which include Coast, Warehouse and Oasis.
Oddbins predicts a return to profits
Wine seller Oddbins is predicting a return to profitability in 2010 after the business was sold to by Castel to Simon Baile. Baile has instigated a restructure and a review of the companies stock, which has cut losses by 75%.
From the Daily Mail
Spar cashes in on local shoppers
Convenience chain Spar reported total sales were up 8.1% against a 5.2% rise like-for-like sales in the three months to July, cashing in on consumers buying last-minute treats.
From The Telegraph