Retail sales return to growth as shoppers took advantage of January bargains
Retail sales rose in January and beat market expectations as shoppers took advantage of discounts following a disappointing Christmas.
Profits at Mike Ashley’s business empire tumble
Mike Ashley’s personal investment firm saw profits tumble in 2017 as his main assets Sports Direct and Newcastle United…
New Look swings to profit under radical overhaul
Fashion retailer New Look has said its turnaround is bearing fruit as it swung to a year-to-date profit and…
Gucci growth fuels 23.3% revenue rise at Kering
Luxury group Kering has hailed a “remarkable” year after rapid growth on the back of demand for Gucci in…
Debenhams confirms £40m cash injection in bid for survival
Debenhams has secured a lifeline from its lenders as the department store chain seeks a broader refinancing deal amid…
Nightmare after Christmas as 400 high street jobs a day axed
Britain’s beleaguered high streets have seen nearly 20,000 jobs lost or put in jeopardy since Christmas, as retailers struggle…
Boohoo bucks high street woes as sales surge
Online fashion firm Boohoo has shown its high street rivals a clean pair of heels after revealing a 44%…
Shop Direct sales boosted by extended Black Friday deals
Sportswear and toys boosted Shop Direct’s sales after the retailer extended its offering for the much-hyped Black Friday discount…
Matalan promotions helped draw in Christmas shoppers
Matalan has posted an increase in Christmas sales as it benefited from discounting and a surge in online spending.
New Look pushes button on debt-for-equity swap as Christmas disappoints
New Look has warned over profits and announced plans for a debt-for-equity swap as part of a painful restructuring…