Jones Bootmaker is expected to go into administration Friday as owner Alteri still has not reached a deal to sell the ailing chain. Endless seems to be out of the running with Pavers the most likely eventual owner.
There may be concerns about UK retail as Brexit talks loom and shoppers are hit by higher inflation, but international tourist spend appears to be going from strength to strength with tax-free shopping up 55% last month.
So just how bad were Next’s full-year results? Well, they were not great and the outlook was discouraging with the firm talking about a “sectorial shift” as consumers move their spend away from the fashion sector.
Hopes that a buyer could be found for budget shoe retailer Brantano have fallen through with the firm now in administration for the second time in just over a year. There is no news on stablemate Jones Bootmaker yet.