Laura Ashley shares fell as much as 8.7% on Friday after the company said Katharine Poulter is becoming its new CEO, replacing Kwan Cheong Ng, who is retiring. The change is effective on 1 May, according to a statement.
Some 57.6% of UK Christmas shoppers avoided purchasing glitter products, a new survey has revealed. The finding highlights retailers’ need to address growing consumer demands for environmentally-friendly products.
Australian clothing retailer Cotton On Group is reportedly investigating its relationship with a Chinese printing firm suspected of using forced prison labour and which was recently suspended as a supplier by Tesco.
Britain's retail sector was boosted by Boris Johnson's general election victory on Friday, as investors factored in expectations of a step-up in consumer sentiment and spending in the key holiday season period.
M&S is reportedly planning to downsize the space it controls in around 20 of its largest retail locations with under-used upper floors potentially being converted into offices or even residential space.
Black Friday week may be upon us, but a new report suggests that the event as a whole has "had its day". Home delivery specialist ParcelHero said this Black Friday is likely to see stalling growth in overall e-spend.