Good Christmas trading is no guarantee of survival in the UK fashion retail market. Womenswear chain East filed for administration Monday less than a month after reporting a festive sales uplift and rising e-sales.
The UK’s Black Friday weekend got off to a strong start online on November 24, but early evidence suggests that physical store shopping was weaker and London's West End was hit by panic after a terrorist false alarm.
Debenhams profits dropped in the latest year but the big news was around its rebirth plan that includes a new designer signing, in-store gyms, soaring mobile sales, making its Danish chain a Scandi hub and much more.
“A solid performance in a difficult market”. That’s what John Lewis said of the latest results from the firm. And we can't argue with that as sales growth was slow and profits down, even though Fashion was strong.
My 1st Years has named former Moonpig MD Iain Martin as its chairman with the firm’s founders Daniel Price and Jonny Sitton saying they see Moonpig as “a bit of a hero business when it comes to personalisation.”
The Hut Group has gone acquisition crazy with the latest target of its buying spree being skincare and spa brand Espa, according to reports. The company is believed to be acquiring the brand for aorund £100m.