Katherine Rushton
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NewsGap to close stores and become more trend-led
Casualwear giant Gap is to close 200 of its 900 stores worldwide by 2013, and has admitted it has not invested heavily enough into attracting ethnic minority customers in the US.
NewsHobbs secures £14m of new investment
Womenswear retailer Hobbs has secured £14m of new investment from its private equity backer 3i and parachuted in turnaround specialist Iain MacRitchie to replace retail veteran Tony Campbell as chairman.
NewsSainsbury's fashion share soars
Sainsbury’s has more than tripled its share of the £9.9bn UK value clothing market in the last five years, according to new findings by Verdict Research.
NewsRising cotton prices threaten Primark’s hard-won margins
Value fashion giant Primark improved operating margins from 10.9% to 12.5% last year but has warned that they may shrink again as cotton prices soar.