UK fashion e-tailer Missguided saw a sales surge in its latest year but that didn’t help profits and the firm, which recently moved into physical stores, swung to a pre-tax loss on investment spending.
There should be a late store spending surge in the next few days as Britons who’ve left Xmas shopping until the last minute make up for lost time. Westfield said Scots and Londoners will be among the heaviest shoppers.
Black Friday e-tail sales disappointed, retailers focused on winning new customers rather than driving profits, and discounts were spread across the month - that's the conclusion of the latest IMRG online sales index.
John Lewis struggled to find sales growth in the latest week as the hugely successful retailer showed that even the biggest names aren’t immune to the cautious spending environment in the UK at present.
Miller Harris has unveiled a new concept store in London’s Canary Wharf area. It was designed by London-based Fabled Studio, an award-winning creative firm that has taken inspiration from a number of “muses”.
Koovs reported a better set of results for the first half as it sold more full-price product and boosted brand awareness. But profits remain elusive and the company must close a funding round to generate marketing cash.
More mainly bad news about UK retail came Monday. New footfall figures showed store traffic was well down on last year and this weekend won’t offer much relief, even if the five days to Friday should be more buoyant.
House of Fraser has signed a deal with a property-tech startup that will see the UK department stores giant hosting pop-up concessions in stores for small retail brands and expanding its experiential offer on the way.