British retail sales fell more sharply than expected in May, data showed, the latest sign of the growing hit to the economy from rising inflation since the Brexit vote. But there were signs that fashion sales held up.
Ted Baker has again proved why it’s one of the most buoyant names in under-pressure UK fashion retail with news of a double-digit sales rise, global expansion, another e-commerce spurt and a healthy wholesale business.
May was a difficult month for UK stores with shoppers cutting their spend for first the time in almost four years as economic uncertainty, the post-Easter dip, and an election-linked slowdown added to the mounting woes.
Labour leader Jeremy Corbyn's success in last week's general election is a signal of hope for Britain, rebel fashion designer Vivienne Westwood told AFP on Monday at the launch of her latest collection.
UK retail and fashion firms face more uncertainty as the general election result shows no party with an overall majority. There are problems ahead but also a silver lining as the soft Brexit prospects have strengthened.
Value retailer Shoe Zone was in an upbeat mood Wednesday, even though it reported lower H1 sales and profits. But as the company transforms its stores, its web operations and its product mix, it is feeling confident.
The auction of e-tail giant Shop Direct has attracted less interest than had been hoped, according to reports, but some offers are on the table with Apax Partners believed to be one of three groups to have bid.
India is the top developing country for retail investment, says a report. India's strong GDP growth, growing middle class and a favourable regulatory environment have played significant roles in attaining this ranking