Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
Monsoon Accessorize is facing a potential existential threat, new accounts have shown. It may have managed to push through a CVA this summer with no store closures, but the new documents show it's not in the clear yet.
Bonmarché went into administration as the week ended, with tougher-than-ever trading conditions making a turnaround unlikely. Nearly 2,900 jobs are at risk but its 318 stores will stay open while a buyer is sought.
British shoppers grew more cautious about their spending in the three months to September despite rising wages, official figures showed on Thursday, raising concerns about the economy in the run-up to Brexit.
Luxury department store Harrods is riding high despite a profits slip as its sales continue to rise. But its boss Michael Ward has warned that a possible Jeremy Corbyn-led government could dent turnover.