Debenhams was forced to make more markdowns than planned for Christmas and this will dent its profits. But the retail giant also hailed beauty strength and rising fashion share, despite an overall market decline.
New research has found that 44 shops disappear from British high streets every week, with the number expected to rise further if no action is taken to help businesses cope with their new business rates.
Westfield has reported a 1% hike in visitors to its London malls for the Christmas season and while that’s not a big leap, against a backdrop of lower footfall at malls, it’s actually a very strong performance.
Better late than never. Some time after Topshop and Topman were expected to make their first foray into China, and over a year after signing a deal to enter the country, the UK fashion chains will set foot in Shanghai.
More big-name brands are launching pop-up stores with a micro-focus on fragrance. It's the latest attempt by firms to boost brand immersion, instore customer experience and lift sales for new and bestselling products.
Next's Christmas trading update Wednesday painted a picture of a company that's recovering, but only very slowly, and one that still faces huge challenges, especially in driving growth at its physical stores.
UK stores face a post-Christmas returns flood and could refund £2.5bn of unwanted gifts this month with January 2 the heaviest returns day. Meanwhile consumers are expecting a more seamless returns process than ever.
The Selfridges clearance period got off to a strong start on Boxing Day with the luxury department store operator saying that three hours into trading, it had already registered over £4m of sales in-store and online.
As the UK gets ready for a spate of trading updates, it seems that the week before Christmas saw a late shopping surge with fashion sales rising year-on-year, but it's unlikely to have rescued an otherwise weak season.