John Lewis said in a statement that total sales for the week ending February 2, 2019, were down 4.4 percent due to the snow, while fashion sales declined by 2.1 percent. The company added that sales of women’s accessories, however witnessed another strong week with sales up 11.1 percent as customers […]

Stockpiling in UK factories has increased at the fastest rate in almost 30 years as firms prepare for Brexit, according to a report. The latest IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) revealed a sharp spike in purchasing and stockpiling at warehouses, with the index dropping […]

Women’s fashion retailer Charlotte Russe Holdings Corporation together with its subsidiaries has voluntarily filed for relief under Chapter 11 of the bankruptcy code in the U.S. Bankruptcy Court. The company said in a statement that it intends to use these proceedings to facilitate closure of it 94 […]

Tailored Brands, Inc. has announced a quarterly cash dividend of 18 cents per share payable on March 29, 2019, to shareholders of record at the close of business on March 19, 2019. Lowering its outlook for the fourth quarter, last month the company said that it expects to report adjusted diluted loss […]

Nearly a third of British firms are considering moving their businesses abroad because of Brexit, according to a new report. A study of 1,200 company directors by the Institute of Directors revealed that nearly one in three (29 percent) could be forced to move their businesses abroad due to Brexit, […]

In the year 2018, Aeffe Group registered sales of 346.6 million euros (396.8 million dollars), a 11.2 percent increase at constant exchange and 10.9 percent at current exchange rates. The company said, revenues of the prêt-à-porter division amounted to 265.6 million euros (304 million dollars), up by […]

British womenswear retailer Monsoon is reportedly asking landlords for rent reductions as it considers “accelerating” store closures. A Monsoon spokesperson told the Mail on Sunday that there were “currently no plans” for a CVA, adding: “The UK retail trading environment is tough and we are continuing […]

Troubled high-street retailer Debenhams may pull shutters on 20 stores under a company voluntary arrangement (CVA), according to a BBC report. The report added that the company is negotiating with its banks to increase its borrowings before quarterly rent payment date of March 25 and a CVA would let […]

The Treasury Committee has launched a fresh inquiry into business rates to find out how Government policy impacts UK companies. The parliamentary committee will be examining the way business rates policy have changed and whether the current service is working. Alternative policies, such as the proposed […]

INTERVIEW Intersport is looking for new ways to grow. The shopping center specializing in sportswear and sports equipment is expected to conclude the first quarter of 2019 with several sales transactions, and the group wants to expand its online business, expecting growth prospects for 2019 to far exceed […]

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