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Ted Baker to close 15 UK stores

High street clothing retailer Ted Baker is to close 15 stores across the UK and cut 245 jobs. Stores in Birmingham, Bristol, Liverpool, Oxford, Leeds and Milton Keynes among those planned to shut. … Continue reading “Ted Baker to close 15 UK stores”

Fashion brands agree changes to eco-friendly claims

Three UK fashion brands have agreed to change the way they present their environmental credentials. ASOS, Boohoo and George at Asda have signed formal agreements with the Competition and Markets Authority (CMA) stating … Continue reading “Fashion brands agree changes to eco-friendly claims”

UK retail sales flat in February

There was zero growth for UK retail sales in February as shoppers were put off by heavy rainfall and cost-of-living pressures. February’s flat sales followed a record fall of 3.3% in December and … Continue reading “UK retail sales flat in February”

Next profit climbs to record high

High street clothing and homeware retailer Next has reported 5% growth in profit for the 12 months to the end of January 2024, to a record £918m. This is £3m above the company’s … Continue reading “Next profit climbs to record high”

Retail sales bounced back in January

There was a 3.4% increase in the volume of goods bought by UK consumers in January 2024, following a record fall of 3.3% in December 2023. This was the largest monthly rise since … Continue reading “Retail sales bounced back in January”

‘Lacklustre’ retail sales in January

UK retailers saw slow growth in sales last month as consumers kept a close eye on their spending. Total retail sales across the UK increased by just 1.2% year-on-year in January, down from … Continue reading “‘Lacklustre’ retail sales in January”

Tesco and M&S report strong festive sales

Tesco and Marks & Spencer released interim sales figures on Thursday showing a strong performance over the Christmas period. It comes after industry data last week showed that UK supermarkets had seen their … Continue reading “Tesco and M&S report strong festive sales”

Record Christmas sales for supermarkets

UK supermarkets have seen their busiest Christmas period since before the pandemic, according to new figures. The latest monthly report from industry analyst Kantar shows that consumers made 488 million trips to the … Continue reading “Record Christmas sales for supermarkets”

Black Friday bargains not always what they seem, study finds

Just 2% of Black Friday deals are at their cheapest price on the day of the annual sale, according to a new study. Analysing 208 products on offer last year, consumer group Which? … Continue reading “Black Friday bargains not always what they seem, study finds”

Retail sales drop to lockdown level

UK retail sales in October 2023 fell to the lowest level since widespread lockdown restrictions in early 2021, official figures show. The volume of products sold last month fell by an estimated 0.3%, … Continue reading “Retail sales drop to lockdown level”

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