Tag : Fashion retail news
Shop prices fall in April Subscription
Shop prices fell by a rate of 1.7% in April, compared with a 0.8% decrease in March, marking the highest rate of decline since January 2017.
Coping in the coronavirus jobs crisisSubscription
Redundancies across the retail industry are rife as businesses race to cut costs to try to survive amid the coronavirus pandemic. But what is the reality of job losses on people’s mental health, and what can companies do to help relieve the impact?
Coronavirus: Mulberry anticipates lossesSubscription
British luxury brand Mulberry has become the latest brand to warn on the impact of the coronavirus outbreak, announcing that it anticipates making a small loss in the second half of the year ending 28 March 2020.
Profits fall at HammersonSubscription
Profits and rental income at Hammerson fell last year as the shopping centre owner continues to reshape its portfolio.
Fashion retail’s redundancy crisis at ChristmasSubscription
The festive season looks bleak for thousands of retail workers facing redundancy, many of whom are turning to charity for help.
Discounting drives October retail salesSubscription
High levels of discounting on the high street – particularly on fashion – gave a small boost to retail sales in October.
Selfridges’ store investment fuels sales riseSubscription
Investments in experiences and a regeneration of the Oxford Street flagship store have driven a 6% increase in sales at luxury department store Selfridges, to £1.85bn for the year to February.
John Lewis seeks landlord discountsSubscription
John Lewis is reportedly seeking discounts from landlords, as it seeks to cut further costs from across the business.
Sales edge up at PrimarkSubscription
Sales at Primark have risen 4% year on year for the 52 weeks to 14 September, as the retailer’s expansion continues apace. However, like-for-like sales dropped by 2% for the period, and it warned that future margins are set to take a hit.
Figleaves CEO steps down Subscription
Miriam Lahage has stepped down as CEO of lingerie and swimwear etailer Figleaves.