Sources said that TPG Capital, Poundworld’s owner, did not intend to put more money into the group, which has 355 stores. No serious buyers had come forward by the deadline of Monday this week, giving the company few options but to call in the administrators. … [Read more...] about Poundworld faces administration as it struggles to find buyer
Pop up retail stores
Elissa Sangster, the director of the Forté Foundation, a group looking to improve the number of women in leadership and executive positions, told the Guardian: “If you’re looking to get more women into leadership and to feel respected in the workplace, to then turn on your television and it’s the Victoria’s Secret show, one wonders: ‘Is that really how we want to present ourselves?’” … [Read more...] about Clipped wings: Victoria’s Secret sales slip as shoppers become less daring
The latest retail job losses come as more than 30,000 jobs are at risk in the UK following mass closure announcements by major chains including House of Fraser, New Look and Marks & Spencer. Retailers are suffering from rising costs and the switch to online shopping just as hard-pressed consumers rein in spending. A report out this week predicts nearly 70,000 high street jobs will disappear this year unless action is taken to reinvigorate town centres and revamp business rates. … [Read more...] about Calvetron Brands winds down with loss of 600 UK jobs
“Increasing numbers of high-quality Chinese products are becoming popular with British and European consumers. Once these products enter House of Fraser’s sales channel, they will be able to access Europe and the greater global market, given quality and credit endorsement from House of Fraser.” … [Read more...] about House of Fraser to push luxury Chinese products in the UK
Since Janet Reger introduced women to the concept of foundation wear as fashion, we have seen Madonna dancing on stage in conical corsets and the Pussycat Dolls parading in little more than their bras and knickers. Brands such as Agent Provocateur, Coco de Mer, Ann Summers and, of course, Victoria’s Secret (which launched in the UK in 2012) have brought once-taboo styles to the high street, introducing us all to half-cup bras, peep-hole knickers and bondage-style straps on bodysuits. Saucy styles are no longer the preserve of naughty girls – every woman has the chance to experiment with her underwear choices. … [Read more...] about Last week, a model described luxury lingerie as ‘empowering’. Is she right?