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Burgers and birdwatching? UK retail fights to make shopping a big day out image
....But UK retail has its own problems, owing to the squeeze on profit margins created by the recent rise in business rates and the increase in the legal minimum wage for over-25s. According to accountancy firm Moore Stephens, 5,538 clothing retailers – some 18% of this sector – are now at risk of going bust as they struggle with rising overheads. ...
Store Twenty One goes into liquidation with loss of 900 jobs image
Source : Guardian [Read Article] Tuesday 11th of July 2017 03:29:06 PM
....Struggling fashion chain Store Twenty One is being liquidated with the loss of 900 retail jobs. The value clothing retailer, which was based in Solihull in the West Midlands, has entered compulsory liquidation and its 122 stores which ceased trading on Friday will not reopen. ...
Primark's sales soar as shoppers snap up low-cost summer fashions image
Source : Guardian [Read Article] Thursday 6th of July 2017 04:21:37 PM
.... There was also huge demand for novelty items such as inflatable flamingos and unicorns as Britons basked in paddling pools or packed them to take on holiday. Primark, Britain’s third largest clothing retailer by sales value behind M&S and Next, gained market share in the 40 weeks to 24 June. ...
M&S fashion chief will leave behind £1.7m as she departs Halfords image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:24:01 PM
....The appointment of a clothing industry novice has been seen as controversial. McDonald, who will be heading up the biggest clothing retailer in the UK, began her career at the health and beauty group Colgate-Palmolive before spending 16 years at British Airways and nearly a decade with McDonald’s. ...
Morrisons' indignation over shareholder rebellion is misplaced | Nils Pratley image
.... There are relative winners in these trends, of course. Supermarkets, and even a few clothing retailers, may be happier if punters decide to eat out less. ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
.... “This is an area undergoing the most dramatic change – the council doesn’t use the term ‘gentrification’, they use the term ‘regeneration’,” he said as we strolled down a pleasant high street in the sunshine, looking up at Victorian facades renovated by the council. Along the road, hipster cafes and pubs were interspersed with clothing retailers, halal butchers and phone shops. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
....The disappointing finish to the year will be revealed alongside a sharp fall in annual profits. Hopes that M&S chief executive Steve Rowe had come up with a winning formula for the UK’s biggest clothing retailer were raised after it recorded its first underlying growth in nearly two years over the key festive quarter. ...
M&S puts faith in fashion novice from Halfords and retail veteran image
Source : Guardian [Read Article] Friday 5th of May 2017 11:04:47 PM
....“I was gobsmacked,” said another former M&S director of the decision to hire McDonald. “When I saw it, I thought ‘you are kidding me right’? It’s still the biggest clothing retailer in the UK, just about, so needs someone who understands clothing to do that job. ...
Jaeger clothing chain collapses into administration image
Source : BBC [Read Article] Monday 10th of April 2017 04:13:10 PM
....". Reports had suggested that the clothing retailer Edinburgh Woollen Mill was interested in the business. ...
Even with price rises, there’s no place like home for bargain-hungry Brits image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
....We did, however, find one exception – clothes rather than electricals. Spain is home to Zara, now the world’s biggest clothing retailer, and its domestic prices appear lower than anywhere else. ...
Weak pound and rising inflation push clothing spend to five-year low image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
....5% increase. The spending tracker highlighted a grim period for clothing retailers, with the amount Britons spent on their wardrobes dropping 3. ...
UK GDP figures show solid end to 2016 despite Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 03:13:11 PM
....A separate survey from the business lobby group CBI showed retail sales volumes fell unexpectedly in the year to January, but sales are expected to return to growth next month. Grocers suffered the sharpest drop in sales since August 2004, while clothing retailers and department stores continued to see solid growth. ...
Five on Brexit Island lifts WH Smith sales as adult colouring books fade image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:47:01 AM
.... Some retailers have warned that the weak pound will lead to a rise in prices this year, as materials imported from abroad are more expensive. “We’re in a slightly better position than other retailers, particularly clothing retailers and electronics,” said Clark. ...
Jingle tills image
Source : BBC [Read Article] Thursday 12th of January 2017 01:08:49 PM
.... . Early in the month Next had everyone spooked as it reported a drop in sales in the run-up to Christmas, but plenty of other clothing retailers have reported strong results. ...
M&S enjoys cracking Christmas as clothing sales rise image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:52:32 AM
....The retailer ran a big-budget Christmas ad starring Janet McTeer as a glamorous “Mrs Claus” with a James Bond-style alter ego. Last week’s dismal figures from Next, which wiped £2bn off retailers’ share prices on the day, fuelled fears that Christmas 2016 was a washout for clothing retailers as Britons cut spending on clothing. ...
Good Christmas? M&S set to surprise as retailers reveal festive sales image
Source : Guardian [Read Article] Sunday 8th of January 2017 02:14:45 PM
.... Cold weather at was also helpful after 2015’s mild conditions dented demand for coats and knitwear. Last week’s dismal figures from Next, which wiped £2bn off retailers’ share price on the day, fuelled fears that Christmas 2016 was a washout for clothing retailers as Britons cut spending on clothing. ...
Christmas cheer fades for high street as buyers shop online from home image
Source : Guardian [Read Article] Friday 6th of January 2017 12:01:03 AM
....1% in December, after a 5. 3% fall in the same month in 2015, as clothing retailers had a particularly tough year, said the consultancy firm BDO. ...
Cause for alarm at Next as Wolfson's policy shift betrays his pessimism image
Source : Guardian [Read Article] Wednesday 4th of January 2017 02:20:37 PM
....It would be silly to say the Next empire – expanded spectacularly over the past 20 years via the catalogue and online directory business – is crumbling. Next may be overreliant on consumer credit – and the clothes may be dowdier since the departure of the design guru Christos Angelides in 2014 – but most of the pressures described by Wolfson apply to the majority of mass-market clothing retailers. ...
Brexit: pro-leave Next boss urges government to lay out core principles image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:51:50 PM
. Brexit campaigner Lord Wolfson, chief executive of clothing retailer Next, has called on the government to lay out some of the core principles of its Brexit strategy. ...
Stock markets: the Guardian's share tips for 2017 image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 07:00:47 AM
.... But it has a natural hedge against that thanks to a growing overseas business, which will be now be boosted by the currency changes. Meanwhile British shoppers have so far proved resilient and the winter season is likely to have gone better for all clothing retailers as more normal weather conditions have prevailed after two years of unseasonable warmth. ...
UK shoppers head out in their millions to brave Boxing Day sales image
Source : Guardian [Read Article] Monday 26th of December 2016 12:20:08 PM
....Next was, as always, one of the biggest draws for the early shoppers. Britain’s biggest clothing retailer is one of the few big chains not to slash prices before Christmas – although its sale did begin online at 3pm on 24 December. ...
Trench coat maker Aquascutum to be sold for £97m image
Source : BBC [Read Article] Thursday 22nd of December 2016 01:51:57 PM
....Aquascutum, whose luxury raincoats have been worn by royalty and film stars, is being sold for $120m (£97m). Reports suggest Chinese buyers are acquiring the clothing retailer, which started in London in the 1850s. ...
Velvet dress sales put Zara owner firmly in fashion image
Source : BBC [Read Article] Wednesday 14th of December 2016 11:02:59 AM
....Velvet dresses, military blazers and mini-skirts helped Inditex, the owner of chains including Zara and Massimo Dutti, post a strong rise in sales for the nine months to October. The world's largest clothing retailer posted an 11% rise in net sales to €16. ...
UK inflation at two-year high as clothing prices rise image
Source : BBC [Read Article] Tuesday 13th of December 2016 09:34:38 AM
....". Tony Shiret, senior analyst at Haitong Securities, said UK weather had been more typical this year, compared with an unseasonably warm November in 2015, so clothing retailers did not need to cut their prices to shift stock: "There will be less sold on discount this year. ...
Fallout from Italy's referendum will be both financial and political image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:00:56 PM
.... Only an 87% improvement in share price to go, then. “We have nothing to hide and much to be proud of,” declared Nick Beighton, chief executive of online clothing retailer Asos, in October when working conditions in the firm’s warehouse in Barnsley came under the spotlight. ...
Gap and Abercrombie & Fitch slump on unhappy holidays image
Source : BBC [Read Article] Friday 18th of November 2016 04:45:53 PM
. Shares in two of America's largest clothing retailers plunged on Friday following disappointing third quarter sales and a downbeat forecast for the crucial holiday shopping season. ...
Bike prices could rise because of Brexit vote, says Halfords image
Source : Guardian [Read Article] Thursday 10th of November 2016 07:13:19 PM
....Sterling has fallen by about 16% against the US dollar since the Brexit vote in June, pushing up sourcing costs for retailers who pay for goods in dollars. Several food and clothing retailers have predicted price rises next year as suppliers look to pass on the rising costs. ...
From posh picnics to nylon knickers: readers on the best and worst of M&S image
Source : Guardian [Read Article] Tuesday 8th of November 2016 02:49:05 PM
.... I would gladly pay a bit more for better quality. It seems sensible to focus on the successful part of the business – food – but this ignores the fact that M&S should be a clothing retailer, not a supermarket. ...
WPP gains fail to lift FTSE 100 image
Source : BBC [Read Article] Monday 31st of October 2016 08:36:48 AM
....6% lower at 6,954. Shares in clothing retailers were coming under pressure, with Next shares down 3% ahead of its trading statement later this week. ...
Sew to survive  image
Source : BBC [Read Article] Sunday 23rd of October 2016 12:04:18 AM
....We go inside posing as the owners of a new fashion business. In the manager's office we immediately spot a jacket that has been made for a British clothing retailer. ...
Retailer George Davies: 'Promote more women to top fashion jobs' image
Source : BBC [Read Article] Tuesday 27th of September 2016 11:41:44 PM
.... . Mr Davies, founder of clothing retailer Next and behind the George at Asda label, says more needs to be done to promote them to director level. ...
Zara owner Inditex sees profit boosted by online expansion image
Source : BBC [Read Article] Wednesday 21st of September 2016 06:13:39 AM
....Profit jumped at Zara owner Inditex in the first half of the year as the firm opened new stores and invested in online. The world's biggest clothing retailer posted net earnings of €1. ...
UK retail sales shrug off Brexit vote image
Source : BBC [Read Article] Thursday 15th of September 2016 08:56:50 AM
....". The September heatwave has done little to help clothing retailers, he added: "Consumers are only buying clothes when they need to. ...
Social media stars warned over undeclared paid-for ads image
Source : BBC [Read Article] Thursday 11th of August 2016 06:22:35 PM
.... It is therefore crucial that when people decide what to buy, they should not be misled by adverts on social media that read like independent opinions," said Nisha Arora, of the CMA. The CMA also announced that it had received an undertaking from the clothing retailers Wool Overs, which it said had "cherry-picked" more favourable customer reviews for publication on its website. ...
British retail sales slowed in run-up to EU referendum, says CBI image
Source : Guardian [Read Article] Tuesday 28th of June 2016 11:21:28 AM
....Grocers, furniture and carpet shops, along with hardware and DIY stores, reported a pickup in sales in the year to June. But growth slowed at clothing retailers and sales fell at department stores, specialist food and drink retailers, and shops selling durable household goods such as cookers and washing machines. ...
Price war rules for Sainsbury’s as they cut prices even more image
Source : Daily Express [Read Article] Wednesday 4th of May 2016 11:00:00 PM
....8billion. It overtook Matalan to become the UK’s sixth biggest clothing retailer after growing sales by 8. ...
Turkey engulfed by bad loans and BANKRUPTCIES: Economic fears as it tries to join eurozone image
....Dairy firm Aynes Gida, a household name for two decades, went to court in January for bankruptcy postponement after defaulting on payment of its 50million lira (£12m) bond, it said in a stock exchange filing. And earlier this year supermarket chain Begendik applied for bankruptcy postponement, a century-old clothing retailer, Atalar Giyim, also applied for bankruptcy. ...
Sir Philip Green must repay £400m or lose knighthood, says MP image
Source : Guardian [Read Article] Tuesday 26th of April 2016 11:44:24 AM
....BHS called in administrators on Monday, putting almost 11,000 jobs at risk and the PFF is set to take on the company’s pension scheme. There was further bad news for the retail sector on Tuesday as clothing retailer Austin Reed also collapsed into administration, threatening more than 1,000 jobs. ...
Primark reveals first fall in half-year sales in 12 years image
Source : Guardian [Read Article] Tuesday 19th of April 2016 12:54:36 PM
.... Sales in France and Spain were strong and the company also opened its first outlet in Italy. George Weston, chief executive of Primark’s parent company, Associated British Foods, said clothing sales in the UK continued to be difficult in recent weeks but it was unclear whether shoppers had been put off by a chilly spring, or there was a wider issue for clothing retailers. ...
UK retail spending experiences biggest slump since 1991 image
Source : Guardian [Read Article] Thursday 24th of March 2016 01:21:50 PM
....”. Melanie Richard, head of retail sales at the ONS, said clothing retailers reported a downturn based on unseasonal weather. ...
Next warns of toughest trading since financial crisis and cuts sales forecast image
. The boss of Next has sent shockwaves though the high street, wiping more than £3bn off the market value of the country’s biggest clothing retailers after he predicted the toughest trading conditions since the financial crisis. ...
Profits at Zara owner up as sales soar image
Source : BBC [Read Article] Wednesday 9th of March 2016 08:08:28 AM
....5% rise in like-for-like sales. The world's biggest clothing retailer reported pre-tax profits of €3. ...
Burberry shares rise on bid speculation image
Source : BBC [Read Article] Tuesday 8th of March 2016 12:59:24 PM
. Shares in luxury clothing retailer Burberry have risen nearly 6% on speculation an anonymous investor might be about to launch a takeover bid. ...
City news: Amazon, RollsRoyce, KBC and Bombardier image
Source : Daily Express [Read Article] Thursday 18th of February 2016 12:01:00 AM
....It is believed to be in talks with former Marks & Spencer womenswear boss Frances Russell, who left M&S last year, to take a senior role in its fashion business, although it is unclear whether in the UK or the US. Amazon first started selling third-party branded clothing in 2002 and is on track to be one of the top clothing retailers in the US. ...
Rejoice as the markets rediscover risk and realistic values image
Source : Telegraph [Read Article] Monday 15th of February 2016 05:00:11 AM
.... In the UK, it is online retailers which have borne the brunt of the tech-linked sell-off. Just Eat, the online takeaway service, is down 33pc, online clothing retailer Asos is down 24pc, and grocery delivery group Ocado has fallen 20pc so far this year. ...
HMRC and small firms face big loss after Blue Inc uses insolvency clause image
Source : Guardian [Read Article] Sunday 14th of February 2016 05:09:45 PM
. The taxman and small businesses face losing out on millions of pounds after clothing retailer Blue Inc used a controversial insolvency procedure to close loss-making stores. ...
Satisfying a taste for British products - the retailers who sell abroad image
Source : Guardian [Read Article] Thursday 11th of February 2016 07:30:11 AM
.... Having built up a profile via social media, and initial sales through its web store including an international shipping option, the company sought help from the government’s UK Trade & Investment department (UKTI) to sell in a more structured way overseas, using retail partners with a higher profile. The company’s first break came when it was approached by online clothing retailer LN-CC. ...
M&S makes buying knickers quicker for shoppers down under image
Source : Guardian [Read Article] Thursday 21st of January 2016 07:49:05 PM
. Marks & Spencer, the UK’s biggest clothing retailer by value and which sells one in every four pairs of knickers bought in Britain, has launched new websites in Australia and New Zealand in the British retailer’s latest attempt to expand overseas. ...
Fashion retailer N Brown boosted by silver surfers image
Source : Telegraph [Read Article] Thursday 21st of January 2016 03:06:47 PM
. A rise in online savvy, mature customers who “refuse to grow old” has boosted sales at clothing retailer N Brown. ...
City News: Adidas, WhatsApp and Inflation image
Source : Daily Express [Read Article] Monday 18th of January 2016 10:36:00 PM
....INFLATION is expected to remain at 0. 1 per cent when official figures for December are published today, as low oil prices and discounting among clothing retailers bore down on the cost of living. ...
Questor share tip: Slowing Primark sales make Associated British Foods a sell image
Source : Telegraph [Read Article] Thursday 14th of January 2016 08:06:52 PM
....19 -22p Questor says SELL . WITH sales slowing sharply at discount clothing retailer Primark, Questor thinks the shares in parent company Associated British Foods [LON:ABF] are looking expensive, even after falling 15pc from record highs last month. ...
Primark blames freak December weather for flat sales figures image
Source : Guardian [Read Article] Thursday 14th of January 2016 01:22:34 PM
....Primark was a surprise loser on the high street over Christmas, with sales at its core UK stores down for the first time in nine years as warm and wet weather put a dampener on the cut-price chain’s profits. Primark’s difficulties reflect the problems faced by several other big clothing retailers last month, as shoppers left knitwear, coats and winter boots on the shelves during the warmest December on record. ...
Retail Christmas: the winners and losers in the UK image
Source : Guardian [Read Article] Wednesday 13th of January 2016 07:58:41 AM
.... These will be more heavily scrutinised than usual by investors after Sainsbury’s revealed it had made a takeover bid for Home Retail. The clothing retailer targeted at women over 50 also downgraded its profit expectations before Christmas. ...
Retail's 2015 Christmas winners and losers image
Source : BBC [Read Article] Tuesday 12th of January 2016 07:23:14 PM
....The dismal results coincided with the departure of chief executive Marc Bolland after six years of trying to turn around the troubled retailer. The clothing retailer blamed the warm autumn and winter weather for its "disappointing" performance, with sales at its retail stores falling 0. ...
The week ahead in business and finance image
Source : Telegraph [Read Article] Sunday 10th of January 2016 10:14:51 PM
....com’s trading update tomorrow, as its full-year sales figures are expected to come in ahead of forecasts. At its interim results in September, the online clothing retailer raised its full-year sales growth target by 10pc to 35pc. ...
Marks & Spencer chief's dash for the door is perfectly timed image
Source : Guardian [Read Article] Thursday 7th of January 2016 08:03:29 PM
.... Such a defensive strategy works until it doesn’t. Sooner or later, a clothing retailer with vast acres of floorspace has to shift more clobber, rather than merely protect margins via efficiency gains. ...
What's gone wrong with M&S fashion? image
Source : BBC [Read Article] Thursday 7th of January 2016 06:40:36 PM
.... Marks and Spencer's profits peaked in 1997 and 1998, topping £1bn. But after the magic and sparkle, and despite the launch of a range of sub-brands like Per Una and Autograph - aimed at a more fashion-focused shopper - fortunes began to change for Britain's biggest clothing retailer, and the love affair began to chill. ...
Marks & Spencer chief leaves mixed legacy after six years at the helm image
Source : Guardian [Read Article] Thursday 7th of January 2016 02:19:27 PM
.... But such a defensive strategy only works until it doesn’t. Sooner or later, a clothing retailer with M&S’s vast acres of floorspace has to shift more goods, rather than merely trying to protect margins via efficiency gains. ...
Source : Reuters [Read Article] Wednesday 6th of January 2016 07:25:23 AM
....". The usually reliable British clothing retailer Next was one that struggled with the unusually warm weather, reporting disappointing sales in the run-up to Christmas. ...
Stuart Rose on the EU referendum: 'The sooner we get it done, the better' image
....Related: The Guardian view on giving ministers a free vote on Europe | Editorial. Rose headed Marks & Spencer, the biggest clothing retailer on the high street, between 2004 and 2010. ...
Christmas Day online shop set for record image
Source : BBC [Read Article] Friday 25th of December 2015 02:03:14 AM
....". Meanwhile, clothing retailers have been impacted by what has been one of the warmest December months for decades. ...
Awash with oil as Saudis aim to take the fight to the frackers image
Source : Guardian [Read Article] Wednesday 23rd of December 2015 06:56:29 PM
....Cash on the balance sheet offers more protection than in 2012 but, given Game’s recent run, the stock is no bargain even at one-third off the float price. Trading conditions are also tough for clothing retailers because mild weather makes it hard to shift coats and jumpers, or so everybody assumes. ...
Risk of insolvency hangs over high street retailers after difficult run-up to Christmas image
....Bassett warned that high street chains have been forced to cut the price of their products after Black Friday failed to attract the crowds that flocked to the sales last year. In addition, clothing retailers have had to contend with mild weather, which has dampened demand for winter clothing. ...
Banking carry on sees RBS branch sell-off back on after seven years image
Source : Guardian [Read Article] Wednesday 16th of December 2015 08:27:58 PM
.... A new coat is a deferrable purchase for most shoppers; if the deed isn’t done by mid-December, the saving is mentally banked, or spent on something else. It’s a safe bet that Bonmarché will not be the last clothing retailer to warn on weather. ...
Supergroup shares up on higher profits image
Source : BBC [Read Article] Wednesday 16th of December 2015 01:36:05 PM
. Shares in Supergroup, the owner of clothing retailer Superdry, have jumped 10% on news that profits for the first half of the year were sharply higher. ...
Bonmarché shares slump on profits warning and boss's exit image
Source : Guardian [Read Article] Wednesday 16th of December 2015 01:03:26 PM
....4m expected by analysts. Concerns that unseasonal temperatures could dent profits at other clothing retailers dragged down the shares of Debenhams, Marks & Spencer, N Brown and Asos on Wednesday morning. ...
Bonmarché shares plunge as boss steps down and retailer warns on profits image
Source : Telegraph [Read Article] Wednesday 16th of December 2015 09:02:45 AM
. Shares in Bonmarché slumped by as much as 30pc this morning after the women's clothing retailer warned on profits and announced that chief executive Beth Butterwick is stepping down to take the top job at Karen Millen. ...
Stuart Rose made chairman of Time Out's food markets image
Source : Telegraph [Read Article] Sunday 13th of December 2015 08:16:52 PM
...." . The Conservative peer, who is heading the campaign to keep Britain in the EU, also serves as the chairman of the food delivery company Ocado, clothing retailer Fat Face and the dental care brand Oasis. ...
Zara owner dismisses China slump fears as it reports 20% profit rise image
Source : Guardian [Read Article] Thursday 10th of December 2015 03:13:56 PM
. Inditex, the owner of clothing retailer Zara, has said it is optimistic about its prospects in China despite the slowing economy, claiming mid-market brands were not feeling the pinch. ...
SuperGroup in style as sales jump almost a quarter image
Source : Telegraph [Read Article] Thursday 5th of November 2015 09:25:24 AM
.... . The clothing retailer’s stores are also getting larger, with the average size rising from 659sq ft a year ago to 805sq ft. ...
Small shops face 20pc jump in business rates bill if relief ends image
Source : Telegraph [Read Article] Tuesday 3rd of November 2015 12:40:52 PM
.... A 20pc rise could do untold damage and lead to more empty shops. A lot of retailers are on a knife edge and business rates are the final nail in the coffin," said Mr Turner-Mitchell, a former clothing retailer who now leads a campaign to reform business rates. ...
Falling sugar prices sour profits at ABF image
Source : Telegraph [Read Article] Tuesday 3rd of November 2015 08:51:37 AM
.... . The budget clothing retailer plans to open another store in a mall in Philadelphia next month before adding six more over the next nine months. ...

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