ASOS sales soar

Online fashion retailer ASOS revealed sales soared 118% year-on-year in the nine weeks to 16 January. The AIM-listed company also reported sales for the 42 weeks to 16 January were up 108%. Chief Executive, Nick Robertson, said: “We have had another great Christmas. Sales, visitors, conversion and average basket value were all at record levels…

Yoox goes public

Internet retailer Yoox will go public in the first half of 2009 and appointed Eidos Partners as its financial advisor. Last year Eidos Partners were the financial advisor to Yoox in relation to the planned stock market quotation (IPO) in the Milan Stock Exchange. Eidos Partners is the leading advisor on IPO’s in Italy having…

New retail experience at Westfield London

Click:casioak case London largest shopping centre, Westfield, is about to open with with 5 anchor stores and over 265 specialty shops. Beneath a spectacular, undulating glass roof, Westfield London will accommodate some of the world’s finest brands. The Village consists of approximately 20.000 sqm arranged across three levels, setting a new standard by offering London’s…

Spotlight on day 4 of NYFW

New York fashion week continued on during the most brutal winter day New York has seen all season. Designers weren’t letting the weather get in the way of them putting their tirelessly sewn collections on display, however. The theme for this Sunday must have a face off of what designer was going to present the…

JJB Sports to raise £100m

JJB Sports has said it is continuing to finalise arrangements to raise £100m through selling more shares. The company had delayed the fundraising whilst its board investigated rumours about executive chairman Sir David Jones’ personal financial affairs. But the board said it was satisfied there was no truth in the reports. JJB added that it…

Competition authority to probe fashion sector

The Competition and Markets Authority has opened an investigation into “suspected anti-competitive arrangements” in the UK clothing, footwear and fashion sector. In a short statement, the CMA said it would gather information, issuing formal or informal requests between now and September, on activities which may infringe chapter 1 of the Competition Act 1998 and/or Article…