The latest GFK Consumer Confidence Index shows consumer confidence has dipped by three points in February.
#consumerconfidence #costoflivingcrisis
27.02.2026 08:44
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The latest GFK Consumer Confidence Index shows consumer confidence has dipped by three points in February.
#consumerconfidence #costoflivingcrisis
Mayor of London Sir Sadiq Khan has formally approved the part-pedestrianisation of London's Oxford Street, which is due to begin this summer. Find out who supported the plans.
#OxfordStreet #MayorofLondon
Struggling womenswear business LK Bennett, which was bought out of administration by US firm Gordon Brothers in January, has launched a closing down Sale, with discounts starting at 40%.
#LKBennett #fashionretailnew #womenswear #administrations
Topshop and THG, formerly The Hut Group, teamed up to host the "world's first" AI-driven, shoppable catwalk in Manchester last night (26 February). Drapers reports from the front row.
#Topshop #THG #DrapersFutureofFashion #fashiontechnology #AI #artificialintelligence #fashiontech
Struggling womenswear business LK Bennett, which was bought out of administration by US firm Gordon Brothers in January, has launched a closing-down Sale, with discounts starting at 40%.
#LKBennett #fashionretailnews #administrations
On 20 February, department store group Saks Global, owner of Saks Fifth Avenue, Bergdorf Goodmana and Neiman Marcus, received $1bn (£740m) in new funding after a US bankruptcy judge approved a loan to the company.
#Saks #Saksbankruptcy #departmentstores #fashionretailnews
#Mango has opened its first standalone store in Limerick as the Spanish fashion retailer accelerates its expansion across Ireland.
Ahead of his #LondonFashionWeek comeback on Saturday (21 February), Julien Macdonald is resetting his business with lower entry prices, direct-to-consumer drops and a strategy designed to meet the demands of today’s luxury consumer.
Drapers has launched a confidential and anonymous survey to assess the scale of cyber-attacks across the UK fashion retail industry. Have your say now.
Retail group JD Sports Fashion will shutter both of its Hip sites in Leeds and Manchester before the end of June, Drapers understands.
Read more via the link.
#thehipstore #jdsports #jdsportsfashion #fashionnews
Online retailer The #Very Group has strengthened its balance sheet after extending key debt facilities to 2030 and reducing its overall debt by £150m, ahead of a potential sale by owner Carlyle.
Nike-owned CONVERSE is reportedly slashing jobs and restructuring the business as part of a new turnaround plan following struggling sales.
#Nike #Converse #restructuring #footwear
Russell & Bromley's EBITDA loss widened to £12.1m in the 11 months to November 2025, up from a loss of £7m in the same period the previous year, ahead of the footwear specialist collapsing into administration in January.
#RussellandBromley #adminstrations #Next
The gender pay gap will not close for 30 years at the current rate of progress, a Trades Union Congress (TUC) report has found.
#genderpaygap #TUC #TradesUnionCongress #genderinequality
Drapers has launched a confidential and anonymous survey to assess the scale of cyber-attacks across the UK fashion retail industry. Have your say now.
Drapers has launched a confidential and anonymous survey to assess the scale of cyber-attacks across the UK fashion retail industry.
Have your say now.
Heikki Salonen, former Maison Margiela MM6 veteran and the first creative director of Salomon, has big plans for the French sportswear brand. He shares his footwear- and womenswear-first approach with Drapers.
Read more via the link.
#salomon #sportswear #fashionnews
#Saks lenders and luxury brands are reportedly in last-effort discussions to avoid a court clash over the ownership of millions of dollars’ worth of designer stock, according to reports, as the US department store group restructures under Chapter 11 and pushes ahead with store closures.
Administrators from Interpath have confirmed increased discounting at collapsed womenswear retailer Quiz.
Read more via the link.
#quiz #quizclothing #fashionretail
Asos head of loyalty and customer engagement Macy Hong has departed after more than three years at the online fashion retailer.
#Asos #fashionretailpeoplemoves #peoplemoves #customerengagement #customerloyalty #Drapers30Under30
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Insider preview: Fitnesswear label Lululemon will open the doors to its High Street Kensington store today (13 February). Senior vice-president of EMEA Sarah Clark gives Drapers a first look around the space.
#Lululemon #storeopenings #firstlook #athleisure #KensingtonHighStreet
Recurring operating profit at Hermès rose 7% year on year to €6.6bn (£5.7bn) for the 12 months to 31 December 2025.
#Hermès #luxuryfashion #VeroniqueNichanian #GraceWalesBonner #LVMH
Total UK footfall decreased by 0.6% year on year in January, reflecting an improvement on the 2.9% decline recorded in December, the BRC-Sensormatic Footfall Monitor shows.
#footfall #fashionretailnews #retailnews #peaktrading #retailparks #BRC #BritishRetailConsortium
Manchester-based sailing clothing brand Henri-Lloyd has appointed former Rapha marketing chief Tom McMullen to the role of chief marketing officer.
#HenriLloyd #Rapha #fashionretailpeoplemoves #peoplemoves #sailingclothing
New Look loyalty programme, Club New Look, has surpassed 1 million members following its nationwide launch in October last year, Drapers can reveal.
See the details here.
#fashion #fashionnews #retail #retailnews #newlook #loyalty
Marks and Spencer has appointed supermodel David Gandy as the first-ever face of Jaeger menswear, marking a significant new chapter for the premium British heritage brand.
See the details here.
#fashion #fashionnews #retail #retailnews #menswear
The latest data from the Office for National Statistics shows that UK GDP (gross domestic product) grew by 0.1% in the three months to December 2025, the same rate as the previous three months.
Read more here.
#fashion #fashionnews #retail #retailnews
