fashion retailer news and archive

UK retail goes through its toughest spot since 2013

Dr Tim Denison, head of retail intelligence, Ipsos Retail Performance, summarises the reasons why this five-year low has been reached, recalling that “Online retailing has had a seismic impact on the way that retailers approach both Black Friday promotions and the Christmas trading period. To make the most of these increases in online sales,...

Retail

Nearly 20 percent of fashion retailer showing signs of insolvency

A fall in spending and increased costs is taking a toll on traditional retailers, with 19 percent of fashion retailers showing signs of financial distress, according to research from accountancy firm Moore Stephens. Out of 35,078 fashion retailers analysed, 6,580 are exhibiting early warning signs that they are at risk of going insolvent, such...

Retail

UK fashion retailers suffer 8-year low in July

UK fashion retailers suffered an eight year low in July as consumers think twice about spending on non-essential items. According to accountancy firm BDO's monthly High Street Tracker, sales of fashion saw its worst comparable month since 2009. The company cited wetter weather and an exodus for school holidays at the end of the month affect...

Fashion

Asos introduces weekly podcasts

British online fashion retailer Asos has teamed up with Swedish postcasting platform Acast to launch its own weekly podcast show. Together with Acast, who will produce and edit the podcast, the two will create a show that focuses on female business owners. The podcast show, which will consist of a 13-episode serie, is just one of the many ways...

Fashion

Next accused of forcing employees to give up Sunday bonuses

Fashion retailer Next has been accused of bullying its employees to give up overtime pay for working on Sundays or risk losing their jobs. The UK retailer is seeking to cut the premium bonus 800 store staff are currently entitled to, worth up to 20 pounds a week or 1,000 pounds a year per employee. The employees currently earning bonuses all...