Friday was a key day for the Nike Connected Partnership programme. Not only did it link up with JD Sports for the UK, but it also partnered with Zalando to give access to Nike member-exclusive products for Europe.
Celebrity stylists are guaranteed hits when it comes to endorsing fashion ranges so it should be good news for supermarket line George at Asda that it has signed up Tan France for a series of exclusive edits.
JD Sports had big news to end the week with the UK’s biggest sports retailer (and major global name) announcing that it’s been selected as Nike's first UK partner for its Connected Partnership programme.
Stockly, the French digital platform that helps e-tailers pool and share inventory to avoid stock-outs, has announced it raised €12 million in capital to expand its staff and bolster its expansion in Europe.
Struggling Joules is reportedly exploring options for a company voluntary arrangement (CVA) as it seeks to cut its costs and stave off a collapse following the termination of talks for Next to take a stake in the firm.
The French down jacket brand, taken over by L Catterton in 2021, claims to have doubled its sales in two years and is opening a flagship store in London in November. In France, it will have opened 35 new shops in 2022.
Ted Baker has a lot on its plate as it prepares to join ABG and also deals with the tough economic backdrop. But it’s business-as-usual for store expansion and it's struck a deal for premium space at Merry Hill.
Next is one of the most successful UK fashion retailers, so when it downgrades profit guidance that it only upgraded last month, you know the sector as a whole is facing tough times. And that’s what it did Thursday.