Tag : trading updates
Brexit boosts tourist spend in July Subscription
The UK enjoyed a 7% increase in tourist spend in July as the weakness of sterling following the Brexit vote in June attracted international shoppers.
Occasionwear indies across the UK and Ireland have reported an increase in sales this wedding season, compared with last year, despite a slowdown in consumer confidence.
H&M group sales rise 10% in JulySubscription
H&M group sales rose 10% in July in local currencies, compared with the same month in 2015.
Drapers Talks: Saving the British high streetVideoSubscription
Back after a break, in this week’s Drapers Talks head of news and features Kirsty McGregor and senior reporter Tara Hounslea discuss newly launched organisation savethehighstreet.org, as well as touching on New Look’s latest trading update.
Fashion sales at John Lewis rose 5.4% year on year in the week to August 6, boosted by a strong performance in menswear.
Sunshine sparks late clearance of summer stockSubscription
Warmer weather lifted the mood across UK high streets this week and some multiples reported a welcome upturn in trading, but others said it was “too little too late” to make a significant difference to sales of summer stock.
Non-food shop price deflation continues in JuneSubscription
Non-food shop prices fell by 2.8% year on year in June, following a 2.7% fall in May and a 2.9% fall in April.
The fashion market in the UK has fallen into decline for the first time in six years, data from Kantar Worldpanel has shown.
Morgan Stanley downgrades Primark ownerSubscription
Morgan Stanley downgraded Primark’s parent company Associated British Foods (ABF) from an “overweight” to “equal weight” asset after taking “a fresh look” at the clothing retailer’s operations.
Monsoon Accessorize made a loss last year after its sales were hit by tough trading conditions in the UK and some international markets, Drapers can reveal.