Circumstances conspired against Fast Retailing in Q1 with the firm having faced several obstacles in the Asia market. And its Uniqlo chain was also at the mercy of the weather last month as high temperatures hit sales.
Mid-market womenswear retailer Jigsaw has become the latest major name to asked for rent reductions from its landlords with the company reportedly seeking cuts of 30%, as well as the opportunity to delay rent payments.
Trading stayed challenging at M&S in Q3 with the retail giant reporting just a 0.2% like-for-like sales rise and a total UK sales fall of 0.6%. Yet while Clothing & Home was down, at least the rate of decline slowed.
Lulu Guinness has named Sandra Mertens-Lustig as CEO, effective from January 13. The company's new top executive is a strategic merchandising specialist with a strong CV built up at a raft of well known high-end brands.
There was good news and bad from UK supermarkets giant Sainsbury's on Wednesday as the company’s third-quarter trading statement (the 15 weeks to January 4) showed weak sales, although fashion was stronger.
Budget footwear retailer Shoe Zone's preliminary results have painted a weak picture for the year to October 5, but there were signs of hope for the future as store upgrades continued and seemed to be paying off.
Fashion brand Hush managed to shake off the difficult UK retail environment in its most recent financial year with the firm’s latest set of accounts showing a 37% revenue rise in the 12 months to March 30 2019.
Fred Perry, which is opening stores in key location at present, made pre-tax profit of £28.3m in the 12 months to the end of March, a healthy year-on-year rise after it had made £21.3m in the previous period.
Next may have seen full-price sales falling in its physical shops in recent months, but its online strength carried it through and its sales are ahead for the year to date, for Q4 and for the Christmas period.