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Tag: challenging

Ted Baker to cut 160 roles after ‘very challenging year’ | Business

Ted Baker is to axe 160 roles as the fashion retailer grapples with declining sales, profits and a £58m accounting error. It announced the cuts – 102 staff redundancies and a decision not to replace 58 vacant roles – in the first stage of a restructuring designed to put the business back on track. The …

Ted Baker to cut 160 roles after ‘very challenging year’ | BusinessRead More

Primark sales down after challenging Christmas for UK retail | Business

Sales at Primark’s UK stores went backwards at Christmas in a further sign of the toll taken on fashion retailers by grim market conditions over the traditionally lucrative trading period. The no-frills fashion chain suffered a “marginal” decline in underlying sales and said it would only open one store in the UK this year – …

Primark sales down after challenging Christmas for UK retail | BusinessRead More

Retailer Beales puts itself on the market in ‘challenging times’ | Business

Beales, the department store chain, has put itself on the market after warning it faced “exceptionally challenging times”. The loss-making retailer said it had appointed the advisory firm KPMG to help assess “strategic and financing options” including a sale of the whole company or its subsidiaries in a bid to fund its moves towards a …

Retailer Beales puts itself on the market in ‘challenging times’ | BusinessRead More

Black Friday retail outlook is challenging

Get great content like this right in your inbox. Subscribe There is good news and bad news for retailers about Black Friday. The good news is slightly more consumers say they intend to go into physical stores on Black Friday this year than in 2018 – 39%, up 2% from the response in a similar consumer …

Black Friday retail outlook is challengingRead More