British luxury brand, Burberry, faces potential job cuts amid declining profits.Profits have plummeted by 34% to £418 million for the fiscal year ending March 2024.Restructuring plans…
Browsing: Retail
Andrew Goodacre of BIRA calls on Labour to address economic growth and consumer confidence post-election.Labour’s election victory presents an opportunity to re-evaluate the business rates system…
The recent landslide victory for Labour has sparked reactions from various industry figures, calling for immediate action on pressing issues.Helen Dickinson of the BRC emphasizes the…
Frasers Group’s recent acquisition of the Frenchgate shopping center signals a growing trend among retailers investing in real estate assets.The Frenchgate center, covering 770,000 sq ft,…
The British Retail Consortium emphasizes the urgent need for planning and business rates reform as a solution to declining footfall across the UK.In June, UK footfall…
Labour’s triumph marks a pivotal shift in British politics, concluding 14 years of Conservative governance.The party, led by Keir Starmer, achieved a commanding majority with over…
Ahead of the back-to-school season, major retailers maintain their school uniform prices, offering financial relief to families.John Lewis continues its price freeze on school uniforms for…
Navigating the complexities of the fashion supply chain was the focal point of a recent summit featuring insights from Wioletta Bogus, the COO of Manolo Blahnik.Bogus…
Shoe Zone is facing financial pressure due to rising shipping costs and sluggish sales performance.The footwear retailer has revised its profit forecast for the year, citing…
Sainsbury’s reported a 4.3% decline in clothing and general merchandise sales for the quarter, despite overall sales growth. The impact of unseasonal weather was cited as…