Tag : trading updates
Sunshine warms up retail sales Subscription
Retailers across the UK rejoiced at the warmer weather last week, which provided a welcome relief to stagnant sales on the high street.
Online retail sales growth slumped to its lowest level in three years last month, as high street sales remained flat.
Consumer spending on fashion fell by 2.8% year on year in April as the cold weather hit sales of spring ranges, Visa Europe has reported.
High street fashion sales have suffered their steepest decline since the credit crunch in 2008, accountancy firm BDO has reported.
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.
LK Bennett’s turnover fell 1.8% in the year to August 2015 as it shut some loss-making UK stores, but like-for-like sales grew by 5% in the same period.
House of Fraser is set to relaunch its website later this year or early next year, chief executive Nigel Oddy revealed this morning as he announced ecommerce sales growth of 26.8% for the year to January 30.
Discounting eats into global giants’ profitsSubscription
The impact of unseasonal weather is eating into the profits of some of the world’s biggest fashion retail groups, including Japan’s Fast Retailing and Sweden’s H&M.
Drapers Talks: M&S results and fashion's 'crisis point' VideoSubscription
In this week’s edition of Drapers Talks, news editor Kirsty McGregor and senior news reporter Jill Geoghegan discuss Marks & Spencer’s latest results and the crisis facing the UK fashion industry.
Fashion industry at ‘crisis’ point Subscription
Retailers are being urged to focus on product, innovation and full-price sales to combat the current “crisis” facing the fashion industry.