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Also find out how the global economic crisis is impacting the UK's retail market - discover who's winning, who's losing and why with the Cashing In or Crashing Out? report.
John Lewis managing director Andy Street has hit back at the recent raft of high street promotions and says brands and retailers should focus on their long term reputations, rather than resort to short-term discounting.
Like-for-like retail sales fell by 2.2% in October, and total sales fell against the previous year for the first time in three years according to the British Retail Consortium.
Asda has predicted that Britons will spend almost £300 million less in the run up to Christmas as a result of low consumer confidence.
The Bank of England has cut interest rates by 1.5 percentage points to 3%, giving retailers a boost in the run up to Christmas.
Moss is launching a "credit crunch" suit, shirt and tie package for £49.
The directors of Baugur were out in force and in defiant mood last night to celebrate the opening of the new House of Fraser store in Westfield London.
Given the economic climate it's amazing that a new fashion site is launching this week: Cocosa.com. Bauer media who own Grazia, Pop and Arena Homme are behind Cocosa.
Every morning I am reminded that the economy is on the verge of a recession but will it affect the amount of money that is spent on fashion?
They say a week is a long time in politics and in retail it is long enough for the face of the British high street to be changed almost entirely. But this monumental change does not look like it will come about quite as quickly as retail mogul Sir Philip Green would have liked.
Next's acquisition of women's young fashion brand Lipsy could signal the start of an attempt by the multiple to reconnect with younger shoppers.
