A part of Scottish clothing retailer Ness has been brought out of administration following the acquisition of a number of stores, as well as the wholesale and e-commerce division from property and retail firm Kiltane.
Fashion-linked brands were among the top five names searched for ahead of Mother’s Day (March 26) in the UK and handbags also figured highly as a key search term, although chocolates still took the top spot.
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.