There was further confirmation of the bleak state of UK retail on Monday as specialist footfall tracker Springboard released visitor traffic figures for October. And what did they show? Unsurprisingly, another decline.
In the same week as Mothercare threw in the towel with its UK stores, rival mother and baby products chain Mamas & Papas has opted for a pre-pack administration with its existing owner back in control.
Clarks is continuing to struggle with the company’s 2018/19 results release showing that UK and Irish sales fell by as much as £36.7m to £561.1m in the year to February, while Europe and US shop sales were also weak.
Instead of leading in fashion education, Paris has historically dawdled behind its greatest rivals. Though that seems very likely to change, and quickly, thanks to a major new project launched in Paris with the IFM.
The UK’s already-fragile consumer confidence fractured further in October with the latest GfK survey showing it’s dangerously close to breaking point and offering no encouragement for the Christmas shopping season.
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.