Tag : trading update
30,000 retailers in 'significant distress’Subscription
More than 30,000 UK retailers are in “significant financial distress” despite it being the busiest shopping period of the year, new data has shown.
Arcadia 'sales slump'Subscription
Sales at Arcadia Group have reportedly fallen by 16.6% year on year in the three months to 18 November.
Retailers ‘panicked’ into autumn Sales Subscription
Retailers across the UK have launched discounts on new-season products, as warm September temperatures dampen demand for coats and knitwear.
High street hopeful for cool bank holiday Subscription
Retailers and suppliers are hoping the end of the 2018 summer heatwave will lure shoppers back into stores ahead of the August bank holiday weekend.
Irish independents have reported sluggish footfall over the summer months as one of the longest spells of fine weather recorded since 1976 led shoppers to shun the high street.
Asos CEO shifts focus to infrastructureSubscription
Asos chief executive Nick Beighton has defended the slowdown in the rate of growth at the etailer, saying the business has shifted its focus to investing in its infrastructure.
Asos sales up by one-fifthSubscription
Asos has continued to gain market share with a reported retail sales increase of 22% to £802.7m from £660.1m in the four months to 30 June year on year.
Joules revenues rise by one-fifthSubscription
Joules increased group revenue by 18.4% to £185.9m for the year to 27 May compared with 2016/17.
Suppliers squeezed by struggling multiplesSubscription
Suppliers are being put under increasing pressure by multiples as they cut volumes, impose extended payment terms and even cancel orders.
'Disappointing' store sales at BonmarchéSubscription
Like-for-like sales at womenswear retailer Bonmarché dropped 1.5% in the year to 31 March, as a result of “disappointing” store performance but strong online growth.