Retail billionaire Mike Ashley, the founder of Sports Direct, has demanded new rent deals are tied to sales across his store empire that now includes HoF and Jack Wills as well as Sports Direct and Flannels.
New Look's H1 results showed sales falling but smaller losses with improved Q2 performance. The company’s leadership team thinks it's on the right track and its CEO said "all is to play for as we enter peak trading".
Genesco-owned UK footwear retailer Schuh has released its latest set of results and they were dominated by the tough retail market, with falling sales and profit turning to losses, even though online turnover rose.
A study by French financial information specialist Ellisphere found that 1,758 textile and apparel companies went into receivership or were liquidated in France in 2018, out of a total of 113,262 registered businesses.
The crisis on the UK’s high streets is accelerating with the number of shops that are empty (as well as pubs and restaurants that also help attract shoppers to an area) rising faster than it has for around a decade.