Tag : trading updates
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?
Fashion industry leaders' predictions for 2019Subscription
With Brexit looming, consumer confidence dwindling and retailers seeking new ways to offer the best experience for shoppers, Drapers speaks to fashion leaders across the industry to see what they predict for the year ahead.
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.
Warm winter hits fashion sales at John Lewis Subscription
Fashion sales at John Lewis & Partners fell by 11% for the week to 10 November after the retailer was hit by “unseasonably mild weather” and the impact of its price-matching promise.
Profits jump at AsosSubscription
Asos has announced a 28% increase in profit before tax to £102m for the year to 31 August, despite investing heavily to support its future growth.
Shoe shoppers drag their feet in Indian summerSubscription
Independent footwear retailers have reported a slow start to autumn trade as warm temperatures cooled shoppers’ demand for new-season styles.
Independents look ahead after a difficult summerSubscription
Independent retailers around the country are cautiously optimistic about the new autumn season following a hard summer.
High street sales 'on fire' in spring heatwaveSubscription
Multiple retailers welcomed a much-needed boost to sales and footfall last week, thanks to a heatwave following a prolonged spell of unseasonably cold weather.
Several independent retailers across the UK are falling behind on payments following a difficult start to 2018, agents have told Drapers.
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.
Fashion sales dip as poor weather persistsSubscription
Like-for-like fashion sales fell by 1.7% last week in comparison with the same week last year.
Independent retailers have expressed confidence about 2018 after a “buoyant” Christmas trading period.
Shoe Zone store strategy dents revenueSubscription
Shoe Zone’s revenue dipped by 1.3% year on year to £157.8m in the 52 weeks to 30 September, after it closed more of its loss-making stores.
Growing brand awareness boosts sales at QuizSubscription
Group revenue at women’s fast fashion retailer Quiz climbed by 31.9% in the seven weeks to 6 January, compared with the year before.
Comment: Debenhams needs a Next-style turnaroundSubscription
Debenhams’ Christmas trading update yesterday brought a sobering end to the festive season on the high street.
Retailers pin hopes on last-minute festive flurry Subscription
Multiple retailers and department stores are hoping for a busy final week in the run-up to Christmas, following a post-Black Friday slump in trade.
Cautious Fenwick warns of pressures aheadSubscription
Fenwick has kicked off a strategic review to ensure it “prospers” in the face of future challenges, after reporting a fall in full-year turnover and profits.
Suppliers warn of 'tough' November Subscription
Suppliers to high street multiples and department stores have warned of another difficult month of trading ahead, following a “terrible” October.
Harrods hits £2bn sales markSubscription
Harrods has posted record sales and profits for the year to 28 January, as it continues to attract global shoppers thanks in part to the weakness of sterling.
Sports Direct bullish ahead of AGMSubscription
Sports Direct has said its new generation of flagship stores “continues to exceed our expectations”, as it prepares to hold its annual general meeting later today.
Fashion sales edge up at John LewisSubscription
Fashion sales were up 1% at John Lewis last week, but a poor performance in its home category dragged down the department store group’s total sales for the period.
Retailers anticipate Bank Holiday boostSubscription
Multiple retailers are counting on new-season product and further discounting to drive sales over the upcoming Bank Holiday weekend.
Footwear retailers upbeat as trading picks upSubscription
Footwear retailers have said they are optimistic for autumn following an unexpected uplift in trading this season.
Spring weather warms up trade for indiesSubscription
Contemporary independents in the southern half of England have reported an uptick in sales following warmer temperatures over the last couple of weeks.
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.
‘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.
The mixed performance of N Brown Group and Bonmarché over Christmas underlined the importance of investing in attracting the “grey pound” online.
Reiss's cracking multichannel ChristmasSubscription
Total sales at Reiss rose by 19.7% year on year in the six weeks to 7 January thanks to growth in its UK like-for-like sales, ecommerce sales and international expansion.
Strong Christmas trading at HobbsSubscription
Sales at Hobbs rose 14.3% year on year in the 13 weeks to 31 December, driven by international and online growth.
Asos capitalised on opportunities to grow its international business when the value of the pound fell following the EU referendum, helping overall retail sales to soar 36% despite challenges in the UK fashion market.
Lower prices, reduced discounting and a focus on differentiating product were key to Marks & Spencer’s clothing turnaround over the Christmas period, as the retailer kicked off its “self-help story”, according to chief executive Steve Rowe.
John Lewis Partnership has reported positive Christmas results, but warned that its full-year staff bonus is likely to be “significantly lower” than last year due to external pressures on trading.
HoF in good shape for challenging 2017, says CEO Subscription
House of Fraser chief executive Nigel Oddy has said the department store group is in a good position for the “challenging” year ahead, following a solid Christmas performance.
Festive sales up at JoulesSubscription
Joules reported a 22.8% increase year on year in retail sales over the Christmas period.
Online triumphed over bricks-and-mortar during the festive season, as multichannel operators and pureplay etailers enjoyed “bumper” sales in the run-up to Christmas.
Temperature drop lifts sales for indiesSubscription
Sales rise as autumn weather kicks in.
Spending on fashion falls in SeptemberSubscription
There was a welcome pick-up in overall household expenditure in September, but spending on clothing and footwear fell for the second month in a row, data compiled by Visa shows.
More unseasonable weather disrupts independents’ sales, as Brexit nerves recede
“Retailers are extremely challenged right now,” said the group chief executive of Li & Fung, Spencer Fung, today, as the global supply group revealed lower order volumes for the first six months of the year.
Late summer surge in John Lewis fashion sales Subscription
Fashion sales at John Lewis edged up 1.2% for the week to August 20 as this week’s warmer weather prompted late sales of summer stock.
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.