Ted Baker’s American licensing associate, OSL, is reportedly in pole position to take over the model’s collapsed UK operation. Administrators have introduced the closure of 15 UK shops, resulting in over 200 job losses, as a part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No Ordinary Designer Label, the earlier UK licensing associate. The Times stories curiosity from Next and Mike Ashley’s Frasers Group within the licensing deal, with a call anticipated inside weeks.
Uniqlo’s income for the primary half of fiscal 2024 elevated by 9%, reaching 1.59 trillion yen. Operating revenue rose by 16.7%, pushed primarily by progress in North America, Europe, and Southeast Asia, in addition to sturdy efficiency within the GU operation. However, Uniqlo Japan skilled a decline in income as a consequence of hotter climate affecting demand for fall/winter ranges. The worldwide phase noticed a big income enhance of 17%, with sturdy performances in North America and Europe.
Pepco Group reported an 11.1% enhance in group revenues, however like-for-like revenues dip by 2.5% within the half-year ending March 31, 2024. Poundland, owned by Pepco Group, noticed a 0.7% decline in like-for-like gross sales, attributed to a weaker efficiency in clothes and common merchandise. Second-quarter revenues grew, however like-for-like gross sales fell by 2.9%. The group stays targeted on cost management and anticipates worthwhile progress for the monetary 12 months, with former GrandVision boss Stephan Borchert introduced as the brand new CEO.
Vision Express has opened a brand new flagship retailer on London’s Oxford Street after intensive renovations. The retailer presents the latest imaginative and prescient expertise and superior eye assessments throughout three flooring. With over 90 manufacturers, together with Ray-Ban and Prada, prospects have a wide array of eyewear. The retailer goals to offer a wise, modern, and heat atmosphere for guests. Chris Scourfield, property director at Vision Express, expresses delight in providing the perfect eye care and designer manufacturers on Oxford Street.
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