Retail news
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Mothercare offsets UK slowdown with overseas sales
- Posted:
- 12 January 2012 10:28
Mothercare today confirmed a drop in UK sales as it continues to struggle in its home market, but flourish abroad.The mothers and children's group, which operates around 350 stores in the UK, said that like-for-like sales in its domestic market were down by 3% in the 13 weeks to January ...read more
Jobs fear as La Senza closes
- Posted:
- 10 January 2012 09:57
Lingerie chain La Senza collapsed into administration today triggering 1,300 redundancies and the closure of more than 100 outlets, despite a last-minute rescue deal for 60 stores.Administrator KPMG said it had closed 84 stores and 18 concessions, resulting in more than half of the workforce losing their jobs.But 1,100 jobs ...read more
Mothercare buyout in the making
- Posted:
- 12 December 2011 09:58
A private equity firm is understood to be preparing a bid for Mothercare in a move that would end the retailer's 40 years as a publicly listed company, according to reports today.Buyout firm Cinven's plans could see it jettison Mothercare's troubled UK stores so it can focus on its better ...read more
Retail sales fall in November
- Posted:
- 05 December 2011 09:46
Retail sales continued to fall in November despite "panic" levels of discounting on the high street, a monthly survey said today, spelling more gloom for the sector.Mid-tier retailers saw like-for-like sales fall 1.7% last month, BDO's High Street Sales Tracker said, as unseasonably warm weather hit fashion sales, which dropped ...read more
Shopper numbers drop
- Posted:
- 21 November 2011 09:46
The UK's beleaguered high street last month suffered the biggest fall in shopper numbers since last December's Arctic blizzards, a survey revealed today.Footfall dropped 4.7% in October as a "toxic mix" of soaring fuel bills squeezed consumers' income levels and the eurozone debt crisis sapped confidence, according to the British ...read more
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