Tag : retail
Consumer spending on clothing dips in FebruarySubscription
Consumer spending on clothing and footwear has dropped by 1.6% year on year, while expenditure across the board had its weakest start to the year since 2012.
Retail guru Bill Grimsey unveils new taskforceSubscription
Former Wickes and Iceland boss Bill Grimsey is leading a new independent review of Britain’s high streets and town centres, following a string of collapses and closures.
Retail footfall trips up in FebruarySubscription
Retail footfall has dipped by 0.5% in the four weeks to 24 February, declining ahead of the final week of the month when the UK was hit by freezing conditions.
Sugarhill Boutique to rebrandSubscription
Independent fashion brand Sugarhill Boutique is relaunching as Sugarhill Brighton on 4 April.
Non-food retail sales dip in FebruarySubscription
Non-food retail sales in the UK have dropped by 1.1% on a like-for-like basis in the three months to 24 February, compared with the same period in 2017.
Suppliers out in the cold as tough trade bitesSubscription
Sub-zero temperatures have added to high street suppliers’ woes, as poor sales of spring stock spur retailers to delay deliveries and reduce their reliance on forward orders.
Mothercare has said it is in talks with its financing partners, since it predicts it will need “waivers of certain financial covenants” to support its ongoing turnaround plan.
Sports Direct raises Debenhams stakeSubscription
Sports Direct has upped its stake in struggling department store chain Debenhams from 23% to 29.7%.
New Look targets 60% store rent cutsSubscription
New Look reportedly wants its landlords to slash store rents by up to 60% as part of its rescue plan.
The founder of Doncaster fashion independent Robinsons of Bawtry, Tony Robinson, has died at the age of 66.