Arcadia is now operating in administration with speculation that Boohoo, Frasers, Next and M&S would be interested in buying parts of it. There are also fears over the knock-on effect on its suppliers.
The end of England’s second lockdown can’t come quick enough for store retailers. As they brace themselves for a three-week pre-Christmas shopping frenzy, they’re already having to play serious catch-up.
Matchesfashion and Net-A-Porter are playing a game of senior musical chairs with one of the leading lights of the latter joining Matches, while its commercial chief heads for a role at Richemont-owned Net-A-Porter.
Over 30 retail brands from across London’s King’s Cross and Coal Drops Yard retail destination have launched a combined ‘United We Shop’ campaign, supporting the area’s extensively redeveloped shopping streets.
With Mothercare’s radical transformation into an international franchise operation now complete, the retailer is hoping the toughest of years (and some ugly trading figures) are now firmly in the past.
A week after filing for administration, fashion chain Jaeger is to cut 103 jobs and close 13 of its shops. Of the job cuts, 47 of them are in-store positions and 56 are head office and distribution roles.
Barclaycard has said that the volume of sales transactions up to 4pm was down 16.7% on Black Friday. The company’s figures are particularly useful because it actually almost £1 in every £3 spent in the UK.