logo
Ted Baker 'plans high street return'

Ted Baker 'plans high street return'

Fashion Network2 days ago
could be planning a return to UK physical retail if a report is to be believed, with a newspaper saying that it could be back next year.
The report was in the Sun, which isn't known for it breaking business news stories, but it said that sources close to the matter have told it of plans for a high street come back in early 2026.
That comeback would initially happen in London, we're told, although few details are available at present and it's unclear whether there will be shops outside the UK capital and how many physical locations are planned.
The news comes after the once-high-flying brand closed all of its stores last August.
The brand was founded in 1988 and was hugely successful in the ensuing decades, later listing on the stock exchange and being a popular choice for investors.
As recently as a decade ago it had 550 shops and concessions globally, but the fashion sector downturn of recent years was devastating for the business. After going into administration it was acquired for £210 million in 2022 by US-based Authentic Brands Group, which changed its complete business approach, operating it on a licensing model.
But this hasn't always worked out and in early 20204, Authentic cut ties with UK and Europe stores and webstore operator AARC, which was based in the Netherlands and had run into financial difficulties.
After its store closures, the brand later last year returned to e-commerce and wholesale and a return to operating its own physical stores would see it coming full circle.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Tariffs : US President Donald Trump grants Mexico 90-day reprieve
Trump Tariffs : US President Donald Trump grants Mexico 90-day reprieve

France 24

time26 minutes ago

  • France 24

Trump Tariffs : US President Donald Trump grants Mexico 90-day reprieve

05:46 01/08/2025 US President Donald Trump imposes sweeping trade tariffs to many countries Americas 01/08/2025 US tariffs on India: A changing tide in their partnership? Americas 01/08/2025 El Salvador's parliament approves reform to allow Bukele to run indefinitely Americas 01/08/2025 D-Day for Trump's tariffs: 'A complete rewiring of the global trade system' Americas 01/08/2025 US President Donald Trump hits dozens of countries with steep duties Americas 01/08/2025 MAGA global shakedown: Facing tariffs, sanctions, Lula now stands 'good chance of getting reelected' Americas 31/07/2025 Trump slaps 50% tariffs on Brazilian imports over Bolsonaro trial Americas 31/07/2025 Trump's abrupt reversal on climate policy a 'dreadful blow' to the battle against global warming Americas 28/07/2025 'EU has a lot to lose': US-EU trade deal with Trump counter to 'what EU should be standing for' Europe

Eurozone inflation holds at 2% as the euro slumps against the dollar
Eurozone inflation holds at 2% as the euro slumps against the dollar

Euronews

time3 hours ago

  • Euronews

Eurozone inflation holds at 2% as the euro slumps against the dollar

Inflation no longer appears to be a pressing concern in the eurozone, holding steady at a level that allows the European Central Bank (ECB) some breathing space — at least for now. According to preliminary figures released by Eurostat on Friday, consumer prices rose 2% year-on-year in July, the same pace as in June. On a monthly basis, prices were flat. Although economists had expected a slight dip to 1.9% year-over-year, the reading validates the ECB's strategy following years of persistent inflationary pressure. Looking at the main categories, food, alcohol and tobacco saw the highest annual inflation rate at 3.3% in July, up from 3.1% in June. Services followed at 3.1%, down from 3.3%, while non-energy industrial goods rose to 0.8%. Energy prices stayed in negative territory at -2.5%. Core inflation, which excludes volatile food and energy prices, was unchanged at 2.3%, though the monthly figure slipped by 0.2% — the first negative reading since January 2025. Among member states, Estonia and Croatia recorded the highest annual inflation rates at 5.6% and 4.5% respectively, while France and Cyprus saw the lowest, at 0.9% and 0.1%. On a month-to-month basis, prices in Croatia jumped by 1.2%, while Italy saw a notable decline of 1%. ECB policy outlook: Wait and see The ECB held interest rates steady in July, signalling the end of a year-long easing cycle that saw borrowing costs lowered eight times to levels not seen since November 2022. Last week, President Christine Lagarde noted the central bank is 'in a good place' but cautioned that assessing the future impact of tariffs remains difficult amid a mix of inflationary and disinflationary forces. This inflation data reinforces the ECB's current wait-and-see approach, with policymakers now looking at how the EU-US trade deal will shape the price environment. Is the euro under renewed pressure? After posting its best first-half performance since its inception, the single currency ended July in negative territory — its first monthly decline this year. Most of the losses occurred in the final week of the month, with the euro depreciating 2.8% against the US dollar to reach 1.14, a seven-week low. The turning point came as investors judged the newly announced trade deal between US President Donald Trump and European Commission President Ursula von der Leyen as more advantageous for Washington. This sentiment, combined with robust US economic data, an uptick in American inflation, and a Federal Reserve decision to hold rates steady at 4.25–4.50% without signalling imminent cuts, accelerated the euro's slide. This marked the euro's worst weekly performance since September 2022, when energy market turmoil pushed the currency below parity to a low of $0.9535. While current conditions are far less extreme than three years ago, upcoming data releases and the evolving impact of tariffs and trade policy will be crucial in determining the euro's trajectory through the remainder of the year. Market reaction: Equities retreat amid tariff uncertainty European equity markets came under pressure on Friday, as investors reacted to renewed trade tensions sparked by President Trump's announcement of a 10% baseline global tariff and additional retaliatory levies — ranging from 25% to 41% — on countries without formal trade agreements. India, Canada and Switzerland were among the hardest hit. China was notably excluded, pending a separate deadline on 12 August. The EURO STOXX 50 dropped 1.7%, while the broader STOXX 600 slipped 1.3%. National benchmarks also suffered: Germany's DAX fell 1.7%, Italy's FTSE MIB lost 1.9% and France's CAC 40 declined 1.8%. Several large-cap stocks posted steep losses. AXA tumbled 6% after reporting a drop in net income, while Daimler Truck shed 5% following a profit warning. Siemens Energy, Sartorius and Airbus also recorded losses of more than 3%. Pharmaceutical stocks faced renewed pressure after the US administration issued letters to 17 major drug manufacturers urging lower prices. Novo Nordisk dropped 4.7%, bringing its weekly decline to 33% — the steepest in the company's history.

Columbia Sportswear sales rise 6% on international sales, wholesale revenues
Columbia Sportswear sales rise 6% on international sales, wholesale revenues

Fashion Network

time15 hours ago

  • Fashion Network

Columbia Sportswear sales rise 6% on international sales, wholesale revenues

Columbia Sportswear announced on Thursday sales rose 6 percent to $605.2 million in the second quarter, with the U.S. outdoorwear brand logging growth in most of its international markets, offset by underlying weakness in the U.S. The Portland, Oregon-based company said U.S. sales fell 2 percent to $335.1 million, offset by a 26 percent sales increase in Europe, the Middle East, and Africa, and a 13 percent gain in Latin America and Asia Pacific region. Sales in the company's neighbouring Canada increased 2 percent for the three months ending June 30. By brand, Columbia sales jumped 8 percent to $548.3 million, offsetting declines across the firm's smaller brands including Sorel, down 10 percent, PrAna, which decreased 6 percent, and Mountain Hardwear, down 7 percent. By channel, wholesale revenues skyrocketed 14 percent, reflecting changes in wholesale shipment timing, and partially offset by lower direct-to-consumer sales, down 1 percent. Net losses narrowed to $10.2 million during the quarter, compared to a net loss of $11.7 million in the prior-year quarter. 'Second quarter and first half financial results reflect sustained momentum in our international markets. While business trends in our U.S. business remain soft, we continue to take steps to re-energize the Columbia brand through our Accelerate growth strategy. "In the coming days, we will launch one of the most impactful components of this strategy, our new highly differentiated Columbia brand voice and marketing campaign," said chairman, president and chief executive officer, Tim Boyle. 'The apparel and footwear industry is facing increasing tariffs, on top of already high existing duties. In this period of global trade policy uncertainty, we continue to take actions to mitigate the financial and operational impacts to our business. For the upcoming Fall 2025 season, our focus is delivering exceptional value to consumers, who are pressured by higher prices for many consumer goods, as well as keeping inventory and dealer margins healthy." Looking ahead, ​the company forecast full-year sales to land between a 1 percent decrease to an increase of 1 percent, resulting in sales of $3.33 to $3.40 billion, compared to $3.37 billion in 2024.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store