The new owners of Debenhams are expected to announce a company voluntary arrangement (CVA) as soon as Thursday or Friday and to outline plans to close 20 of its stores after the key Christmas trading period.
Under-pressure Scandinavian retail giant Stockmann Group issued a profit warning on Wednesday on the back of “the weakened outlook” for its Stockmann Retail operation that should last for the rest of the year.
The global appeal of the Dazed brand was underlined on Tuesday with news that it is to launch in China. Dazed Media has signed an agreement with Yoho Group, China's “largest streetwear platform” to launch Dazed China.
As House of Fraser heads towards the first anniversary this summer of its failure and buyout by Sports Direct, there have been reports that landlords who agreed to rent-free deals are losing patience with the retailer
The Primark headlines may have been largely about its mega-sized opening in Birmingham this month, but the company is continuing to open stores elsewhere and has just opened at Centre:MK in Milton Keynes.
Pledges to donate millions of euros, including from LVMH's Bernard Arnault, Kering's François-Henri Pinault and L'Oréal's founding Bettencourt family, poured in Tuesday in the aftermath of a fire at Paris' Notre-Dame.
UK physical stores retail remained weak last month with consumers unwilling to spend. And what appeared to be a recovery was nothing of the sort when comparisons with last year and calendar shifts are factored in.
Sergio Bucher, the CEO who hoped to turn Debenhams around but has presided over its decline, is expected to set down from his role within the next few days with some observers saying news could come as soon as Monday.
Debenhams said on Tuesday it had rejected a “highly conditional” last-minute offer by its biggest shareholder Mike Ashley/Sports Direct to underwrite an increased £200m rights issue and it has filed for administration.
UK retail failed to recover from the weak sales of a year ago during March and fashion was among those not bouncing back sufficiently. But online boomed as gifting continued to switch to digital channels.
Mothercare on Thursday released a trading update and hailed the “significant strategic progress” it has made so far. Its turnaround continues and expectations for full-year profit remain in line with analyst forecasts.