Capsticks has renewed its partnership with the 10,000 Interns Foundation for the second consecutive year, under its transformative ‘10,000 Black Interns’ programme.The firm is set to welcome four new interns, integrating them across diverse teams in Leeds, London, and its Central Business Services.This initiative aligns with Capsticks’ overarching goals for enhanced diversity and inclusiveness within the workplace.The firm’s internal network, CREATE, plays a critical role in fostering an environment supportive of ethnic and racial diversity.Capsticks’ reciprocal mentoring programme has concluded, promoting racial equity and furthering leadership engagement in diversity initiatives.Capsticks has reaffirmed its partnership with the 10,000 Interns Foundation as…
Author: Dave Antrobus
Sherilyn Paterson, formerly the chief operating officer of JD Sports Fashion, has retired after a 12-year tenure.Paterson’s career at JD Sports began as head of merchandise for footwear in 2012, leading to promotions to merchandising director and eventually COO.Her departure comes amid a challenging market environment, impacting JD Sports’ financial performance.Shares in JD Sports fell by 5.7% following Nike’s disappointing quarterly sales report.The company has maintained its profit guidance despite experiencing lower than anticipated revenue in the second half of the year.Sherilyn Paterson has concluded her role as chief operating officer at JD Sports Fashion, a position she held since…
Embracing inclusivity in the workplace is crucial for fostering a respectful and collaborative environment. This involves avoiding assumptions and stereotypes, which can create divisions among team members.Managers should engage in open-ended conversations to understand colleagues’ preferences and comfort levels.Careful attention is needed to avoid stereotypes and generalisations, ensuring a respectful atmosphere.A crucial step is to acknowledge diverse cultural backgrounds, incorporating inclusive language across dialogues.Leaders must set an example by using respectful language and addressing inappropriate remarks decisively.In today’s diverse work environment, embracing inclusivity is essential for creating a respectful and collaborative atmosphere. Managers are pivotal in spearheading these efforts by…
The Sunday Times has recognised standout UK athleisure brands for their impressive growth, highlighting their impact on the market.Adanola achieved an impressive 7th place with a 202% CAGR, showcasing its rapid ascension in the fashion industry.Passenger, once ranked 9th, has now secured 14th position while remaining the second-fastest-growing fashion retailer.Manchester emerges as a hub for thriving fashion brands, with multiple companies solidifying top positions.A diverse array of brands, from menswear to bridal, are making significant waves in this year’s rankings.The Sunday Times has recognised notable UK athleisure and fashion brands for their dramatic growth and presence in the market. With…
British DTC fashion brand Lucy & Yak opened their ninth UK store in Exeter, further expanding their retail presence.The new location measures 1,709 sq ft, situated at 7 High Street, Exeter.Lucy & Yak continues its commitment to sustainability with its recycling, repair, and upcycling initiatives in the store.The Exeter store features a signature pink palette and offers an accessible changing room.Lucy & Yak co-founder expresses enthusiasm for engaging with the Exeter community.The launch of Lucy & Yak’s new store in Exeter marks the brand’s ninth physical retail outlet in the United Kingdom. Located at 7 High Street, this 1,709 sq…
Ann Summers is introducing a new online platform, knickerbox.com, to transform the lingerie shopping experience.Launching 16 July, knickerbox.com will feature 15 renowned brands, coinciding with the birthday of the late Jacqueline Gold.Ann Summers is investing £1.2 million into this venture, enhancing its warehouse capabilities.The marketplace will focus solely on lingerie, excluding sex-related products, to stand out in the UK market.This initiative is part of Ann Summers’ ambitious growth strategy, incorporating digital innovation.Ann Summers is set to revolutionise the lingerie market with the launch of its new online platform, knickerbox.com, designed to enhance the shopping experience for consumers. Launching on 16…
The UK’s economy exceeded expectations with a revised growth rate, as reported by the Office for National Statistics (ONS).Originally, the GDP growth between January and March 2024 was estimated at 0.6%, but newer data suggests a rise to 0.7%.This newfound growth reflects the fastest rate in two years, marking a robust recovery from the recession at the end of 2023.Key sectors showed varied performance with services and production rising, while construction faced a decline.April’s GDP figures showed minimal growth, with retail struggling due to adverse weather conditions.The UK economy has shown unexpected resilience, with the Office for National Statistics (ONS)…
Lanvin is thrilled to announce the appointment of Peter Copping as its new artistic director, effective this September.The experienced designer transitions from Balenciaga, where he was instrumental in reviving couture collections in 2021.Copping’s illustrious career spans roles at Sonia Rykiel, Louis Vuitton, and Nina Ricci.At Lanvin, Copping will lead all design aspects including womenswear, menswear, and accessories.Copping shares a vision with Lanvin’s founder, ready to innovate and redefine the brand’s legacy.Lanvin has confidently selected Peter Copping to be its new artistic director, starting his tenure in September. This strategic appointment brings an industry veteran known for transforming and modernising fashion…
H&M Group, the renowned Swedish fashion giant, reports a positive trend in its financial performance for the second quarter, yet faces challenges ahead.Net sales have increased by 3% year on year, equating to SEK 59.6 billion (£4.5 billion) between March and May.Operating profit shows a significant surge of 50%, reaching SEK 7.1 billion (£530 million), with an operating margin of 11.9%.A downturn is anticipated in June sales due to adverse weather conditions and strong previous year comparisons.CEO Daniel Ervér remains optimistic about long-term growth despite external economic pressures.The renowned Swedish fashion giant, H&M Group, has reported a rise in net…
Matches, a luxury fashion retailer, is scheduled to shut down its online presence and remaining physical stores by 30 June.Customers have been informed via email about the website closure, offering an extra 20% off on certain items with specific conditions.This move follows Frasers Group’s acquisition of Matches, which was placed into administration earlier this year.The closure affects stores in Marylebone and Wimbledon, with Mayfair already shuttered last month.A significant reduction in staff numbers has occurred, with only around 120 employees remaining to manage existing stock.Matches, a renowned name in luxury fashion, will be closing its website and last two stores…