John Lewis, the employee-owned group seen as a barometer of British retailing, posted a 20 percent fall in first-half profit and said although its second-half had started well it expected a tough 2010.
British designers who abandoned their homeland for the bright lights of New York, Milan and Paris are returning in droves this season in what promises to be the most exciting London Fashion Week for years.
Fierce is the battle against a pop diva's perfume. Abercrombie & Fitch, the apparel chain known for its racy marketing and casual look, has sued Beyonce Knowles to try and stop the singer from launching a new line of fragrances.
Swedish fashion giant Hennes & Mauritz, the world's No.3 clothing retailer, said that it aims to raise its Greater China store count by nearly 30 percent by year end as part of a broader push into Asia.