Tag : trading updates
‘Dreich’ sales for Scottish retailers in JanuarySubscription
Like-for-like retail sales in Scotland fell by 3.2% in January as shoppers kept a firmer grip on their wallets after the festive period.
John Lewis announced this morning that all its staff will receive a bonus of 10% of their annual salary, despite profits at the department store chain slipping 10.9% to £305.5m.
2019: a make-or-break year for fashion retailSubscription
Administrations, poor Christmas trading and gloomy predictions marked the start of 2019. Is this year shaping up to be even worse than the disastrous 2018?
New-season promotions and faltering consumer confidence have created a challenging environment for some multiples over the last few weeks, but specialist retailers reported a more positive start to spring trading.
Group turnover at AllSaints rose 8% to £327m in the 53 weeks to 3 February 2018, but its profits took a hit from increased store operating costs and investment to support its international expansion.
The mixed performance of N Brown Group and Bonmarché over Christmas underlined the importance of investing in attracting the “grey pound” online.
Analysis: Where next for New Look?Subscription
As New Look faces more challenges, Drapers looks at what needs to be done to turn its fortunes around.
Bank holiday fails to put a spring in retail’s step Subscription
The May Day bank holiday failed to buoy sales for many multiple retailers who had hoped it would kickstart the spring season.
Multiples and department stores continued to face a tough retail environment in February, citing cold weather, uncertainty over Brexit and fragile stock markets as factors that stifled trade.
Bonmarché sales up 3% but stores struggleSubscription
Value womenswear retailer Bonmarché continued to struggle with sales across its 310 stores in the 13 weeks to December 26, with like-for-likes down 1.3%