British designer Vivienne Westwood said sales for the year to 31 December 2016 increased by 11%, but margins were under pressure due to the challenging conditions in the retail market and the weak pound following Brexit.
Black Friday will see Britons going on a £2.6BN shopping spree and spending £1.8M a minute, a new study shows. Spending on the day will rise 8% and over Black Friday week, it should rise 4% to £10.1bn.
Finnish department store and fashion chain group Stockmann on Thursday put its flagship Helsinki department store property and other real estate assets forward as collateral for a €650m ($765m) refinancing package.
Outlet centre giant McArthurGlen saw sales rising fast in the last year as tourists from outside of Europe and price-conscious locals bought into its offer while higher-end new brands signed up to its malls
London’s West End has continued to see major brand investment this year despite the volatile UK economy and shaky footfall in the Greater London area generally. 2017 store debuts have already beaten last year's total.
October was clearly a tough time for Ted Baker but the business, which is one of the UK's most successful fashion retailers, overcame the challenges with an e-tail surge and continuing wholesale strength.