Month: December 2022

Frasers Group has made its second acquisition in as many weeks, snapping up online homewares retailer Amara for an undisclosed sum – Frasers will position it as a homeware offering to sit alongside its luxury fashion business Flannels.

The purchase of the multibrand retailer, which stocks high end homeware brands such as Missoni Home, Versace Home, Fornasetti and Tom Dixon, comes a week after Frasers added Savile Row tailor Gieves & Hawkes to its portfolio.

Amara was founded by husband and wife team Sam and Andrew Hood, initially as an independent store, in 2005. In 2008 it focused on its online business and went on to open a raft of international websites. It launched its own label collection in 2016.

Announcing the news Frasers CEO Michael Murray said: “I am pleased to announce, we have acquired Amara.com, a leading online platform for luxury global homeware brands.

“This acquisition

…
Read More

TYLER, Texas (KLTV) – Rising costs have weighed on Americans for the majority of 2022, but despite inflation, Americans are expected to spend more this holiday season than last year.

The National Retail Federation (NRF) predicts holiday sales will increase between 6% and 8% this November and December over 2021.

“We’re actually seeing that holiday sales are up about 6-8% but if you factor in the cost of inflation, that actually means that sales are down a little bit this year,” UT Tyler Professor of Marketing Dr. Kerri Camp said.

According to the NRF, over 166 million people are planning to shop starting Thanksgiving Day through Cyber ​​Monday. That’s 8 million more than last year. Camp said people are shopping earlier after facing supply chain disruptions.

“About 8 million more consumers will be shopping from Black Friday to Cyber ​​Monday because they are trying to spread out the cost of

…
Read More

Friday is one of the biggest shopping days of the year.

Endless discounts have eager consumers ready to splurge for the holidays — but with an uptick in sales also comes an increase in theft.

“The holiday season makes it easier for criminals because they know more people are going to be out,” Monroe County’s Sheriff Deputy Brendan Hurley said. “There’s larger crowds, there’s more opportunity.”

The National Retail Federation reported last year that more than 174 million Americans shopped from Thanksgiving through Cyber ​​Monday. As retailers prepare for large crowds, security and law enforcement ramp up their presence as well.

“We’ll be doing interior and exterior patrols around the mall,” Ontario County Sheriff’s Deputy Conor Boyer said. “Bikes are out to be able to assist with things in the parking lot as the parking lot gets very crowded. We’re here year round and security is always here as well.

…
Read More

Joules, the premium British lifestyle brand, has confirmed that its Founder Tom Joule has partnered with NEXT to acquire the majority of its assets via a newly formed company.

The deal has seen NEXT pay £34 million for the business, as well as £7 million for the current Joules head office building. NEXT will own 74% of the equity with the remaining 26% owned by Joule.

The company intends to continue to operate a significant number of stores (reportedly around 100 of the current 124 Joules’ stores) in the UK and Ireland, subject to agreeing terms with landlords. 19 stores will be closed by the administrator today.

Joules will retain its management autonomy and creative independence. It will also have its own Board of Directors and continue to be based in Market Harborough. Most Joules staff will remain with the business and Joules will go live on NEXT’s Total

…
Read More

Tommy Mallet first found fame appearing on reality TV show ‘The Only Way is Essex’, better known as Towie, in 2014, but it was his passion for footwear, particularly trainers, that spurred him to build his own business from scratch in 2015 under the Mallet name.

Mallet now sold in some the best stores in the UK, and indeed the world, with apparel being added to the product mix in 2019.

While he may still be putting in TV appearances with his fiancé Georgia Kousoulou, who he met on Towie and with whom he stars on ‘Georgia and Tommy: Baby Steps’ which starts its third series on 30 November 2022 on ITVBe – following their life and relationship after having their son, Brody (now 17 months old) – his desire to scale the Mallet business is undeterred, as he tells TheIndustry.fashion’s Contributing Editor, Tom Bottomley.

Mallet

Where did the

…
Read More