Retail news
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Jacques Vert hit by sales slowdown
- Posted:
- 30 September 2011 09:25
Jacques Vert added to the gloom on the high street today as it revealed sales had slowed to a halt. The group, which owns the Jacques Vert, Windsmoor, Planet and Precis labels, said like-for-like sales were up 0.2% in the 22 weeks since the start of May, after rising by 1.7% ...read more
Alexon in and out of administration
- Posted:
- 29 September 2011 13:25
Embattled fashion group Alexon was this morning put into administration, having been unable to raise further working capital from either banks or shareholders, but was subsequently bought by Sun Capital Partners LLP, owners of the SCS sofa business.The day had started ominously for Alexon with its board having requested a ...read more
Clinton Cards asks for leeway in rents
- Posted:
- 05 September 2011 10:25
Clinton Cards has reportedly been forced to ask its landlords for more time to pay its rent as it struggles with falling sales.The greetings card and gift retailer has been contacting landlords of its 700-plus shops to ask to pay a third of its rent two weeks after the due ...read more
Alexon margins slide in tough environment
- Posted:
- 07 July 2011 09:51
Womenswear retailer Alexon said today that it anticipates performance for the current year to be slightly down as it reported a slide in margins in the latest trading period. The group also announced that it was exploring options for a "more appropriate capital structure" in order to progress its turnaround ...read more
Alexon covenant issue resolved as performance improves
- Posted:
- 27 January 2011 10:10
Alexon Group has said today that like-for-like sales rose an "encouraging" 13.3% in the five weeks to January 22nd, as trading recovered well following the extreme weather conditions in December. During this period early spring ranges performed positively. However, cumulative like-for-like sales were down 1.1% for the 25-week period (compared ...read more
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