Latest news with #YasminLeBon
Daily Mail
25-06-2025
- Business
- Daily Mail
Asda slumps to a £600m loss as it struggles to cope with its mounting debts
Asda slumped to a £600million loss in 2024, underlining the scale of the challenge facing boss Allan Leighton. The beleaguered supermarket, whose George at Asda fashion range is modelled by Yasmin Le Bon, fell into the red after a £180million profit the year before. It has a mounting debt pile, and said an expensive IT overhaul had been difficult. Sales slipped 3.4 per cent – news that came the same day as industry data showed its market share fell year-on-year to 11.5 per cent for the quarter to June 14, from 12.4 per cent. Executive chairman Leighton, 72, last month insisted his efforts were seeing 'green shoots' after the grocer cut the price of thousands of products and improved stocks. He said: 'Market share today means nothing to me. We're in a turnaround situation, restoring a business to an enduring proposition.' Asda is aiming to be 7 to 10 per cent cheaper than rivals within a year.
Fashion Network
29-05-2025
- Business
- Fashion Network
Asda sales still falling but Q1 is strong for George fashion line
Asda 's Q1 trading update may have shown that it still has lots of work to do as far as growing in the UK grocery sector is concerned, but it also showed that its fashion ops remain a bright spot, as they have been for some time. The retailer said that it saw 'green shoots' in its overall sales performance, but with a 'long way to go' as far as its food sales are concerned. And as for George at Asda, the fashion and homewares brand 'outperformed' the market. The retailer recorded total revenue of £5 billion (excluding fuel), a 5.9% drop year-on-year. This includes a negative 1.1% impact of an extra day's trading in Q1 2024 due to the leap year. Like-for-like sales in the four months to the end of April, adjusted to include the peak Easter trading period, declined by 3.1%. This actually represents a 1.1% improvement on Q4 2024. And Asda has seen further improvements in its like-for-like performance in May. We're told that George at Asda specifically 'delivered strong results, with like-for-like sales up 3.5%, outperforming the fashion market by 2% on volume. The combination of style, quality and unbeatable value continues to set George apart from other fashion brands in the supermarket sector'. The company has certainly been going all out to boost George overall and in celebration of the supermarket chain's 60th anniversary, supermodel Yasmin Le Bon was recently unveiled as the face of George's summer collection. It's also trialling a standalone George branded store in Leeds at present and has dropped a second collection in its Gym locker fitness range. It's certainly interesting that George overall is in positive territory even as sales in Asda's major supermarkets have been falling. It appears that shoppers seem to be prepared to travel to Asda stores specifically for the George offer even if they're not also buying their groceries at the same time.
Fashion Network
29-05-2025
- Business
- Fashion Network
Asda sales still falling but Q1 is strong for George fashion line
Asda 's Q1 trading update may have shown that it still has lots of work to do as far as growing in the UK grocery sector is concerned, but it also showed that its fashion ops remain a bright spot, as they have been for some time. The retailer said that it saw 'green shoots' in its overall sales performance, but with a 'long way to go' as far as its food sales are concerned. And as for George at Asda, the fashion and homewares brand 'outperformed' the market. The retailer recorded total revenue of £5 billion (excluding fuel), a 5.9% drop year-on-year. This includes a negative 1.1% impact of an extra day's trading in Q1 2024 due to the leap year. Like-for-like sales in the four months to the end of April, adjusted to include the peak Easter trading period, declined by 3.1%. This actually represents a 1.1% improvement on Q4 2024. And Asda has seen further improvements in its like-for-like performance in May. We're told that George at Asda specifically 'delivered strong results, with like-for-like sales up 3.5%, outperforming the fashion market by 2% on volume. The combination of style, quality and unbeatable value continues to set George apart from other fashion brands in the supermarket sector'. The company has certainly been going all out to boost George overall and in celebration of the supermarket chain's 60th anniversary, supermodel Yasmin Le Bon was recently unveiled as the face of George's summer collection. It's also trialling a standalone George branded store in Leeds at present and has dropped a second collection in its Gym locker fitness range. It's certainly interesting that George overall is in positive territory even as sales in Asda's major supermarkets have been falling. It appears that shoppers seem to be prepared to travel to Asda stores specifically for the George offer even if they're not also buying their groceries at the same time.
Scottish Sun
25-05-2025
- Entertainment
- Scottish Sun
Shoppers are rushing to snap up summer dress that is scanning for just £7.20 at ASDA – but not everyone is convinced
All recommendations within this article are informed by expert editorial opinion. If you click on a link in this story we may earn affiliate revenue. BEST DRESSED Shoppers are rushing to snap up summer dress that is scanning for just £7.20 at ASDA – but not everyone is convinced Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) WHILE the sun might have missed the memo this weekend, soon enough it will be time to crack out our summer wardrobes. And for those needing to stock up you'll need to run rather than walk down to ASDA as shoppers scramble to get their hands on a must-have summer dress. Sign up for Scottish Sun newsletter Sign up 3 Fashion fans are rushing to snap up summer staple dress that comes in at less than £8 Credit: Asda 3 The versatile dress is perfect for throwing on in summer months Credit: Asda The Olive Cut Out Flower Long Sleeve Mini Babydoll Dress has now been reduced from £12 to just £8 and bargain hunters have worked out how to get even more money off. Taking to the Facebook group Extreme Couponing and Bargains UK, one user wrote: 'Asda george online £8.00 or if you have the rewards thing you get extra 10% off so it's £7.20….BARGAIN!!' The dress has amassed exclusively five star reviews from shoppers who have been quick to praise its quality and value for money. 'Very nice dress , very nice design and fabric,' wrote one. Another added: 'I bought a month ago and so happy I did.' If you do want to get your hands on the must-have dress you'll need to act fast as there are only limited sizes left. However, it seems that not everyone is as taken with the dress. Commenting on the Facebook post one wrote: 'Great if you want to look like a 1940s granny.' While another added: 'Colour is little dull.' We recently shared how Asda has launched its first-ever stand-alone George store, and it could be rolled out across the UK if it's a hit. Kat Farmers new George at Asda Collection The debut site opened on Saturday, May 10 in Leeds, taking over the old Asda Living at Crown Point Retail Park. The slick new store is packed with head-turning fashion, stylish homeware, must-have toys and baby bits – plus a fresh café to fuel your spree. There are 30 Asda Living stores across the UK, and bosses will decide later this year whether to roll out more George stores after another trial run. Fashionistas can bag the Spring/Summer 2025 collection fronted by supermodel Yasmin Le Bon, plus new celeb collabs – including a chic kidswear range by Erica Davies and a sunshine-filled drop from Billie Faiers. And it's not just the clothes getting a makeover – the whole experience is sleeker, quicker and easier, with speedy self-checkouts, faster queues and slick Click & Collect. Shoppers will also be able to pop into the brand-new Kitchen café, where staffers are dishing up hot meals, cold bites and stone-baked pizzas. Is supermarket fashion the new high street? DEPUTY Fashion Editor Abby McHale weighs in: The supermarkets have really upped their game when it comes to their fashion lines. These days, as you head in to do your weekly food shop you can also pick up a selection of purse-friendly, stylish pieces for all the family. Tesco has just announced a 0.7 per cent increase in the quarter thanks to a 'strong growth in clothing' and M&S has earnt the title of the number one destination for womenswear on the high street. Asda's clothing line George has made £1.5 million for the supermarket in 2023, 80 per cent of Sainsbury's clothes sold at full price rather than discounted and Nutmeg at Morrisons sales are also up 2 per cent in the past year. So what is it about supermarket fashion that is becoming so successful? Apart from the clothing actually being affordable, it's good quality too - with many being part of schemes such as the Better Cotton Initiative. A lot of the time they keep to classic pieces that they know will last the customer year after year. Plus because they buy so much stock they can turn around pieces quickly and buy for cheaper because of the volumes. Liz Evans, Asda's Chief Commercial Officer for George and Retail, said: 'Our Asda Living stores have been a huge success – but as shopping habits change, we want to make it even easier for customers to enjoy quality, style and value with George at the heart of it." The George label launched in 1989 when fashion guru George Davies teamed up with Asda to make the UK's first-ever supermarket clothing brand. By 2004, it was the nation's biggest clothing retailer, and Asda launched its first Living store to expand into homeware. Today, George is still going strong in 560 stores and pulling in 260 million visits a year to
The Irish Sun
25-05-2025
- Entertainment
- The Irish Sun
Shoppers are rushing to snap up summer dress that is scanning for just £7.20 at ASDA – but not everyone is convinced
WHILE the sun might have missed the memo this weekend, soon enough it will be time to crack out our summer wardrobes. And for those needing to stock up you'll need to run rather than walk down to 3 Fashion fans are rushing to snap up summer staple dress that comes in at less than £8 Credit: Asda 3 The versatile dress is perfect for throwing on in summer months Credit: Asda The Taking to the The dress has amassed exclusively five star reviews from shoppers who have been quick to praise its quality and value for money. 'Very nice dress , very nice design and fabric,' wrote one. Read More on Fashion Another added: 'I bought a month ago and so happy I did.' If you do want to get your hands on the must-have dress you'll need to act fast as there are only limited sizes left. However, it seems that not everyone is as taken with the dress. Commenting on the Facebook post one wrote: 'Great if you want to look like a 1940s granny.' Most read in Fabulous While another added: 'Colour is little dull.' We recently shared how Asda has launched its first-ever stand-alone George store, and it could be rolled out across the UK if it's a hit. Kat Farmers new George at Asda Collection The debut site opened on Saturday, May 10 in Leeds, taking over the old Asda Living at Crown Point Retail Park. The slick new store is packed with head-turning fashion, stylish homeware, must-have toys and baby bits – plus a fresh café to fuel your spree. There are 30 Fashionistas can bag the Spring/Summer 2025 collection fronted by supermodel Yasmin Le Bon, plus new celeb collabs – including a chic kidswear range by Erica Davies and a sunshine-filled drop from Billie Faiers. And it's not just the clothes getting a makeover – the whole experience is sleeker, quicker and easier, with speedy self-checkouts, faster queues and slick Click & Collect. Shoppers will also be able to pop into the brand-new Kitchen café, where staffers are dishing up hot meals, cold bites and stone-baked pizzas. Is supermarket fashion the new high street? DEPUTY Fashion Editor Abby McHale weighs in: The supermarkets have really upped their game when it comes to their fashion lines. These days, as you head in to do your weekly food shop you can also pick up a selection of purse-friendly, stylish pieces for all the family. Tesco has just announced a 0.7 per cent increase in the quarter thanks to a 'strong growth in clothing' and M&S has earnt the title of the number one destination for womenswear on the high street. Asda's clothing line George has made £1.5 million for the supermarket in 2023, 80 per cent of Sainsbury's clothes sold at full price rather than discounted and Nutmeg at Morrisons sales are also up 2 per cent in the past year. So what is it about supermarket fashion that is becoming so successful? Apart from the clothing actually being affordable, it's good quality too - with many being part of schemes such as the Better Cotton Initiative. A lot of the time they keep to classic pieces that they know will last the customer year after year. Plus because they buy so much stock they can turn around pieces quickly and buy for cheaper because of the volumes. Liz Evans, Asda's Chief Commercial Officer for George and Retail, said: 'Our Asda Living stores have been a huge success – but as shopping habits change, we want to make it even easier for customers to enjoy quality, style and value with George at the heart of it." The George label launched in 1989 when fashion guru George Davies teamed up with Asda to make the UK's first-ever supermarket clothing brand. By 2004, it was the nation's biggest clothing retailer, and Asda launched its first Living store to expand into homeware. Today, 3 The dress is proving popular with only limited sizes left Credit: Asda
