Latest Articles in News

Retail braces for a rocky start to 2025

The British Retail Consortium’s latest BRC-Opinium Consumer Confidence Tracker paints a stark picture for the retail sector heading into 2025. While consumer sentiment around personal financial situations held steady at -3 in December, broader economic pessimism deepened significantly, with expectations about the state of the economy plunging to...

Fashion Featured

Will luxury's musical chairs continue in 2025?

The luxury industry is in flux, grappling with shifting consumer preferences, economic pressures, and a pronounced slowdown in growth. For many houses, 2024 is not ending on a high note. Sales growth, once propelled by logo-laden accessories and high-visibility branding, is losing momentum as younger, more discerning shoppers increasingly favour...

Business

Saks Global completes the acquisition of Neiman Marcus

Saks Global, a luxury retail and real estate company, has finalized its acquisition of Neiman Marcus Group (NMG) for a total enterprise value of 2.7 billion dollars. Saks Global portfolio now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH, each continuing to serve customers under their own brand. Commenting on the...

Business

Destination XL gets takeover bid from Fund 1 Investments

Destination XL Group confirms receipt of a non-binding proposal from Fund 1 Investments to acquire all of the outstanding shares of the company. The company said in a release that its board of directors regularly reviews opportunities to create and enhance shareholder value and will carefully review and evaluate this proposal and other strategic...

PeopleFeatured

Philipp Plein, Jean Paul Gaultier and Aaron Esh: 2024 in interviews

From CEOs to big name designers, FashionUnited’s interview archive has been inundated with influential names this year, each giving insight into the inner workings of the fashion industry. Here are some of the top interviews of the year… January Designer Philipp Plein on Plein Sport and luxury sportswear Fashion designer Philipp Plein is known...

Business|Interview Featured

Compression socks with a doping effect: Founder and CEO of Stox talk about the road to success

Compression socks, whether used in sports, leisure or for medical purposes, aren't exactly considered a sexy accessory. Caspar Disselhoff agreed. So, almost 10 years ago, he founded Stox Energy Socks - the company making compression socks with medical technology fashionable. Stox was born in 2015, and already started out with a medical...

Business

Technology in fashion 2025 trends

As the fashion industry evolves, 2025 promises to be a year of groundbreaking technological advancements that will redefine every aspect of the sector. From design to retail, technology will not only streamline operations but also offer innovative ways to engage consumers. Explore the key trends shaping the industry’s digital transformation...

BusinessFeatured

Nordstrom to go private, namesake family receives board approval to acquire retailer

A deal that could see US department store giant Nordstrom go private has been approved by the board of directors, potentially allowing for the company’s namesake family to acquire all outstanding shares of the firm. The Nordstrom family, consisting of Erik, Pete, Jamie and other members, will come together with Mexican real estate company El...

Business

Lids reportedly set to exit the UK

US sportswear retailer Lids is believed to be on the verge of exiting the UK market just three years after opening its first stores there. It has been reported by Drapers that the company is currently in negotiations with landlords to end its leases, with all UK stores from the brand expected to close upon agreements. Lids debuted in the UK in...

Retail

Luxury Western goods line Russian stores, three years into sanctions

Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's most well-off shoppers are still spoilt for choice when it comes to luxury Western goods. In the Russian capital's exclusive shopping quarters, department stores and high-end Russian outlets are doing a roaring...

Fashion

Athleisure brand Red Run expands into menswear

Red Run, a young athleisure label, has announced an expansion into menswear, a move that comes after “considerable” growth for the Liverpool-based brand since its launch in 2020. The first menswear collection, dubbed ‘Drop 1’, includes 10 essential pieces intending to make up the “fundamentals of any stylish wardrobe”, a press release stated....

Business

Walmart says it won’t hit ESG targets in latest report

US department store giant Walmart has said it is no longer expecting to hit some of its ESG targets despite making slight progress elsewhere. In its latest climate change report, the company said that while it continued to work towards the “aspirational goal of zero emissions by 2040, progress will not be linear”. Walmart cited its “trajectory...