UK consumers are moving their fashion spend online and more of their total spend is leisure-focused with new figures from PwC and LDC showing fashion retail losing out last year as more stores than ever closed.
There was some good news for footwear stores on Tuesday as shoe sales were a bright spot in an otherwise bleak March retail sales report. But non-food sales still lagged other sectors, the latest BRC figures showed.
The Connecticut-based company plans to close a number of stores as part of a deal with Sports Direct. The UK-based sporting goods retailer is analyzing the performance of Eastern's stores to decide which to acquire.