
Unprecedented pre-Christmas discounting by the country's store groups is helping to improve consumer confidence, a survey showed on Friday, but retailers remain gloomy about their prospects heading into 2009.
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Unprecedented pre-Christmas discounting by the country's store groups is helping to improve consumer confidence, a survey showed on Friday, but retailers remain gloomy about their prospects heading into 2009.
Laura Ashley Holdings Plc , the British fashion and homewares retailer, on Friday reported a sharp fall in underlying sales, blaming the difficult economic climate, and said the outlook was "challenging".
Philip Green, the billionaire owner of Bhs department stores and the Arcadia group of fashion companies, said he has purchased a 28 percent stake in Moss Bros and was considering making an offer for the mens fashion r...
Menswear chain Moss Bros said it continued to feel the impact of slowing consumer spending and that it expects the remainder of the year to be challenging after first half losses widened.
Laura Ashley Holdings Plc , the British fashion and homewares retailer, said it was taking a cautious view on prospects for the second half after posting a 13 percent increase in first-half profit.
Menswear chain Moss Bros said on Friday like-for-like sales for the first 19 weeks of the year were down 1.5 percent amid rising inflation and a gloomy outlook for consumer spending.