The pioneer of fast fashion isn't looking so fast anymore. Inditex , the world's largest clothing retailer and owner of the Zara chain, faces growing competition from younger, online-only players like Boohoo.
If further proof were needed that e-tail is the way forward for mass-market fashion, Boohoo.com's Q1 trading update onTuesday provided it. Total group revenue surged by 53% and PrettyLittleThing in particular excelled.
US fashion e-tail giant Revolve is making a major play for UK and EU customers with the launch of services including fast deliveries and free returns that aim to replicate what local e-tailers can offer.
Mothercare on Friday confirmed what everyone already knew - that ousted CEO Mark Newton-Jones was retuning to the company. And it told us how much he will earning with the new CEO joining on a basic salary of £480,000.
The new owner of Belstaff has been named Britain’s richest man in the latest Sunday Times Rich List. Self-made businessman Jim Ratcliffe is chairman/CEO of chemicals company Ineos, which acquired Belstaff last autumn.