New Look Considers CVA to Reduce Rent and Close Underperforming Stores
In an effort to reduce its £1.2bn debt, fashion retailer New Look is considering a company voluntary arrangement (CVA)...
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Mother’s Day Spending Boosts High Street Sales by £5bn
British shoppers are expected to spend over £5 billion more on Mother's Day this year compared to 2017, according...
Carpetright Shares Plummet After Profit Warning and Store Closures
Carpetright shares plummet by a quarter after profit warning; trading conditions remain tough since January. Despite improved like-for-like sales,...
UK Shoppers Demand Personalised Offers and Loyalty Schemes
In a recent study by Ecrebo, 44% of UK shoppers avoid brands without personalized offers, while 85% are more...
Burberry Welcomes Riccardo Tisci as New Chief Creative Officer
In a major shakeup, Riccardo Tisci has been named Burberry's new chief creative officer, taking over from Christopher Bailey...
Unpleasant Washroom Odors Harm Business Reputation and Repeat Customers
Unpleasant smells in public and office washrooms can significantly impact a company's reputation and customer spending habits, according to...
Strongest Online Retail Growth Since 2013 Amidst High Street Decline
Online retail delivery order volumes surged 20.6% year-on-year in January, marking the strongest growth since 2013, while footfall hit...
Toys R Us and Maplin Enter Administration, Thousands of Jobs at Risk
Toys R Us and Maplin enter administration today, facing financial struggles and unable to pay a £15m VAT bill....
Shop Prices Deflation Deepens Amid Falling Fresh Food Inflation
In February 2018, shop price deflation deepened to 0.8%, compared to 0.5% in January, with non-food prices decreasing at...
British Retailers Accused of Sourcing from Dangerous Factories: Dirty Fashion Revisited
British retailers Next and Asda are under fire for continuing to source materials from dangerous factories owned by the...