E&Y news and archive

UK retailers to face a bleak decade

Ernst & Young Item Club predicts retailers will have to fight for shoppers' disposable cash for the coming ten years as household incomes will be mainly addressed to pay off debts. Spending on clothes and shoes is expected to recover in 2012. Shops outside London will fare especially badly, according to the analysis from Ernst & Young’s Item...

Fashion

AllSaints urgently needs £100m

The youth fashion chain AllSaints, founded by Kevin Stanford, is in urgent talks with potential investors to raise an emergency budget that would allow the London based retailer to secure its long term future. In the year to January 2010, sales rose by 46% to £132.9m. Liquidators to two collapsed Icelandic banks have put their stakes in the...