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Finance


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Victoria Beckham

Losses widen at Victoria Beckham as sales drop

Victoria Beckham’s luxury label saw a 16% sales drop last year to £35m as wholesale customers reduced their order sizes. This in turn

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Shop prices

Shop prices fall for sixth consecutive month

Shop prices have fallen for a sixth consecutive month as retailers enticed customers with ever deeper price cuts to offset political upheaval, figures

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Sebastian Siemiatkowski Klarna

Klarna sets its sights on supporting SMEs as it announces stellar...

Disruptive payments provider Klarna is now setting its sights on supporting SMEs with a new business financing offer, having announced stellar growth in 2019

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Retail sales

UK retail sales stabilise ahead of key Christmas trading

The downturn in the UK retail sector has significantly slowed down and shops could see retail sales growth return next month, according to

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Clarks

Clarks appoints advisers from McKinsey

Clarks has appointed advisers from McKinsey & Co as its seeks to restructure its business. The British footwear group recruited the management consultants as

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Labour High Street Business rates

Labour business rates review could see landlord tax in bid to...

Labour has said it will launch a review into business rates, which could place an extra tax on property landlords in a bid

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Skopes

Skopes to open 15 new stores following HSBC £6m funding package

Leeds-based menswear retailer Skopes is set to significantly expand its high UK high street presence by opening 15 new stores over the next

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Black Friday

Shoppers forecast to set Black Friday spending record despite political uncertainty

UK consumers are predicted to spend a record amount on Black Friday despite intensifying political uncertainty, figures suggest. Shoppers are forecast to spend

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Kimai

Kimaï, the lab-grown diamond jewellery specialist, raises $1.2 million in seed...

Kimaï, the direct-to-consumer jewellery brand that specialises in lab-grown diamonds and recycled gold, has raised $1.2 million in a seed funding round led

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Boris Johnson CBI BRC

CBI 2019: What are the parties offering business?

Boris Johnson, Jeremy Corbyn and Jo Swinson all attended the CBI Conference today in an attempt to win over business leaders with their

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Jo Swinson

Scrapping business rates will rescue High Street, says Jo Swinson

Jo Swinson, the Liberal Democrat leader, has insisted her party’s plans to abolish business rates will “rescue the High Street”. Speaking at the

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Retail

Nearly 6,000 retail stores closed in 2019

The extent the problematic business rates tax regime is having on town centres is laid bare as new research shows high street chains

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