Primark will open its biggest UK store before Christmas next year in the centre of Britain’s second city, Birmingham. It comes as Birmingham continues to secure its status as a key shopping destination.
The collapse of UK fashion retailer Jaeger and weak non-food sales figures from the British Retail Consortium (BRC) reinforce the negative sector and ratings outlooks for the European retail sector, Fitch Ratings says.
UK consumers are moving their fashion spend online and more of their total spend is leisure-focused with new figures from PwC and LDC showing fashion retail losing out last year as more stores than ever closed.
Independent department stores chain Morleys will open a new store in Bexleyheath, the North Kent suburb that is part of the Greater London catchment area, next month. It opens in the Broadway Shopping Centre.
LK Bennett is officially launching its first store in Russia on Thursday (March 16). The debut follows a soft launch last August at the Metropolis mall in Moscow as the UK firm targets faster growth abroad.
Flash sales specialist MySale should have brought a smile to the face of Sir Philip Green on Wednesday. A day after he paid £363m into the BHS pension fund, Green's investment in the e-tailer appeared to be paying off.
Britain's pensions regulator has agreed a cash settlement worth up to 363 million pounds with billionaire retailer Philip Green, the former owner of collapsed department store chain BHS, it said on Tuesday.
Thirty medium-to-large retail firms closed their doors for the final time in the UK last year, a 20% rise. That meant the closure of 1,504 stores, with fashion seeing a disproportionately high number of closures.
Nearly 4,000 UK fashion retailers are at risk of going under at present, a new study shows. Opus Restructuring said 3,991 - or 43.6% of all UK fashion retailers - are close to failure, up from 37.1% a year ago.