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Finance

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One fifth of retail spending to take place online by 2024

Almost 20% of all retail sales are expected to take place online by 2024 with the value set to reach £75bn; the figure is

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Mothercare

Mothercare CEO to step down as transformation nears completion

Mothercare CEO Mark Newton-Jones will step down from his role as the business nears the completion of its transformation plans, following the closure

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ASOS

ASOS posts “encouraging” 20% increase in sales

ASOS, the online fashion giant for twentysomthing consumers, has posted an “encouraging” start to its new financial year, with a 20% increase in

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Wolf & Badger

Wolf & Badger online sales show dramatic growth

Multi-brand concept retailer Wolf & Badger saw online sales grow 59% to £10.5m in 2019, compared to £6.6m in 2018, with 9m visitors

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Aspinal of London

Aspinal of London drafts in advisers to review funding amid sale...

Aspinal of London has drafted in KPMG advisers to review funding options amid talks about a potential sale of the company, according to

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Ted Baker

Ted Baker warns £58m accounting hole is three times bigger than...

Ted Baker management has said that a major accounting blunder is almost three times as bad as they first thought, after auditors ripped

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Burberry

Burberry ups guidance despite hit from Hong Kong

Burberry’s sales halved in Hong Kong as political turmoil continued to drag on retailers in the Chinese city state, but the luxury clothes

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Matalan

Matalan subdued in tough retail market

Matalan was not immune to the headwinds facing the high street in the closing months of last year as revenues and profits dropped.

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Chinese shoppers

UK high street “not geared up” for boom in Chinese tourism

British high street retailers are not equipped to deal with a boom in Chinese tourism, with a majority not accepting the country’s most

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Beales

Beales could go into administration this week

Beales, the department store chain, could be placed into administration this week and is set to appoint KPMG to handle the task, it

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High street

2019 caps fifth year of falling sales for high street

The UK high street has recorded its fifth consecutive year of falling sales, figures show. BDO’s High Street Sales Tracker (HSST) shows average

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Crew Clothing

Crew Clothing cheers strong Christmas sales

British men’s and women’s casualwear retailer Crew Clothing has reported +12% total sales increase year-on-year for the festive trading period, covering the eight

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