Inside Missguided: Welcome to a world of celebrities, swearing, and knock-off fast fashion August 21, 2020 What is it about Manchester for producing creativity? The Hollies, The Bee Gees, Simply Red, The Verve – I could fill a whole page with the successful bands that have come out of Manchester. Then there’s Manchester-based brands and retailers: the Co-op, Kellogg’s, Warburtons, Betfred, AO.com. And then of course, there’s fashion. The Very Group, [...]
Asos shares jump as profit forecast raised due to online shopping boom August 12, 2020 Shares in fast fashion retailer Asos jumped this morning after it announced that full-year sales and profit are expected to beat forecasts due to an online shopping boom during the UK coronavirus lockdown. Asos said revenue growth is expected to be between 17 per cent and 19 per cent, with profit before tax of around [...]
Ted Baker shares spike as retailer reports Covid resilience July 21, 2020 Ted Baker shares swelled more than 10 per cent this morning, as the British fashion retailer reported a resilient balance sheet in the 11 weeks to 18 July, with strong online sales as shoppers were forced to turn to their screens during lockdown. The lifestyle brand saw a 35 per cent increase in e-commerce sales [...]
Fast fashion firms Asos and Missguided call for action on UK worker exploitation July 20, 2020 Fast fashion retailers Asos and Missguided have called for urgent government action over the exploitation at UK clothing factories, after rival e-commerce firm Boohoo was embroiled in a scandal over the treatment of workers in Leicester. In a letter to home secretary Priti Patel, a group of retailers, MPs and investors, including Allianz Global Investors, [...]
Watchdog bans ‘overly sexualised’ Pretty Little Thing advert February 5, 2020 Clothing retailer Pretty Little Thing has been censured by the advertising watchdog over a campaign deemed to objectify women. In a Youtube ad seen in October last year, the brand portrayed women wearing lingerie striking “seductive poses” and holding neon bars. A complainant, who believed the ad was overly sexualised and objectified women, challenged whether [...]
Boohoo hikes guidance after ‘record’ quarter January 14, 2020 Boohoo raised its full-year guidance this morning as it reported record trading during the final quarter of last year. The online fashion retailer’s shares jumped more than five per cent after it announced group revenue in the four months to 31 December was £473.7m, an increase of 44 per cent compared to the same period [...]
Shares in Boohoo rise as it reports ‘record’ Black Friday trading December 3, 2019 Shares in Boohoo rose as much as three per cent this morning after the online retailer reported a record performance over the Black Friday weekend. The British fashion firm said trading had remained strong across its key brands since its half-year end, with a further boost from last week’s sales bonanza. Read more: International growth [...]
Moss Bros appoints ex-Ted Baker finance chief as CFO November 19, 2019 Suit retailer Moss Bros has appointed former Ted Baker interim chief financial officer Bill Adams as its new finance chief. Adams, who was interim finance chief at Ted Baker before Rachel Osborne joined the company last week, will takeover from Tony Bennett in February. Previously, Adams was finance director at Argos and Homebase. Read more: [...]
Pet Sematary trailer ‘inappropriately targeted’ at children, watchdog rules October 30, 2019 The advertising watchdog has censured film studio Paramount Pictures after a “frightening” trailer for the horror film Pet Sematary was shown before Youtube videos likely to appeal to children. The trailer – which opened with a girl walking through some woods with a voiceover stating: “Something up in those woods, it brings things back; sometimes [...]
Watchdog censures Boohoo and Missguided over ‘sexual’ adverts October 16, 2019 The advertising watchdog has censured retailers Boohoo and Missguided over adverts that contained “offensive” and “socially irresponsible” sexual references. In an online video ad for women’s fashion brand Missguided, young women in swimwear were depicted in “seductive poses”, including one shown with a strawberry between her lips. Read more: Deliveroo astronaut ad banned over misleading [...]