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Coastal inspired British brand Crew Clothing has reported a 12% year on year boost to sales over the Christmas period.
N Brown Group has said it expects profits for the full year to be lower than expected as a result of a highly promotional market, lower financial services revenue and a lower than expected benefit from the IFRS9 non-cash provision estimate.
Consumers “pulled forward” Christmas gift purchases to take advantage of Black Friday discounting, analysts have told Drapers, as multiple retailers report a slump in festive sales.
Weak consumer confidence combined with an early Black Friday and Cyber Monday caused UK footfall to fall in December, new data reveals.
UK clothing and home sales at Marks & Spencer dipped by 3.7% year on year to £1bn in the 13 weeks to 28 December, as a result of an “underperformance” in menswear and gifting.
Supermarket giant Sainsbury’s clothing offer received a festive boost over the Christmas season, rising by 4.4% compared to the same period last year.
Next has reported a better-than-expected 5.2% rise in full-price sales including interest over the Christmas period, boosted by a cold November and improved stock availability.
Panic shoppers were a rare sight this Christmas Eve, as footfall across the UK fell by 7.8% year on year on the last shopping day before Christmas.
We hope you have a happy and relaxing break, and an excellent new year.
Millions of shoppers are expected to descend on stores across the UK today to complete their Christmas shopping, new research has found.
Footfall across UK high streets declined by 10.3% year on year on 21 December, a day known as “Super Saturday”, new research has found.
Shoppers across the UK are predicted to spend £1.4bn on in-store sales on the final weekend before Christmas, new research has found.
Retailers will be “trying hard to make up for lost ground” this Christmas, UK head of retail at KPMG Paul Martin says.
UK retailers are overestimating delivery times over the peak trading period to “avoid ruining Christmas for shoppers”, new research has found.
More than three-quarters (78%) of British women have admitted to splashing out on a new party outfit for the festive season every year, new research has found.
Average pre-Christmas discounting has already reached a record 43.8% across all retail this December, new research has found.
Retailers are optimistic ahead of the Christmas trading period, and are convinced this week’s election will not deter consumer spending in December.
Middlesbrough-based premium independent store Psyche has unveiled its festive shop display, which this year aims to highlight the “darker side” of seasonal shopping.
Fashion and footwear business leaders have voiced growing concerns about the impact the general election and uncertainty over the next steps for Brexit will have on consumer confidence in the run-up to Christmas.
The general election and political instability will have no significant impact on consumer spending this Christmas, new research shows.
The industry is calling for government support as scores of retailers across the UK cut head office roles in a bid to reduce costs and combat tough trading conditions.
Debenhams has filled 7,000 Christmas jobs across its 165 UK stores in the run up to Christmas, to help offer better customer service during the busiest time of year.
Independent department store McElhinneys has kicked off the festive season in Ballybofey, County Donegal, with the unveiling of its Christmas windows.
Christmas shopping budgets in the UK are expected to increase by £6 compared with last year to £567, new research has shown.
Independent retailers across the UK are going the extra mile to draw in cautious customers in the build-up to a “tough and lean” peak trading season.
Despite a 3.7% uplift in total like-for-like sales in October, retailers face additional obstacles this Christmas, including on-going political and economic sagas.
Retailers have been warned that trading could be slower this Christmas, as less than half of consumers (47%) are confident they will be able to spend as much as normal.
Primark is bolstering its Christmas gifting offer to drive footfall over Black Friday on 29 November, John Bason, chief financial officer at parent company Associated British Foods, has told Drapers.
The UK high street is facing a disappointing festive season as concerns over Brexit cause shoppers to rein in their spending.