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Economy
UK workers face £2,000 hit to real wages
UK workers are facing a £2,000 hit to their real wages by the end of 2022 as the UK economy…
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Clothing & Shoes
Primark owner warns on lower profits
Primark’s owner, Associated British Foods (ABF), has warned of lower profits for the next fiscal year due to cost inflation,…
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Department Stores
Selfridges’ new owners to redevelop Oxford Street space
Selfridges’ new owners, Central Group and Signa Holding, have announced that a redevelopment of the “underutilised” hotel, car park and…
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People Moves
Unbound Group CFO to step down
Unbound Group has announced that chief financial officer (CFO), Dan Lampard, will step down from the role and the board,…
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Supermarkets
Waitrose admits to contract clauses which blocked rivals from opening stores
Waitrose has admitted to signing land agreements which included clauses that prevented rival supermarkets from setting up new stores near…
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Clothing & Shoes
Lululemon lifts FY22 outlook as profits hit $7.86bn
Lululemon has raised its FY22 outlook, with revenues expected to be in the range of $7.86bn (£6.8bn) to $7.94bn (£6.87bn),…
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Clothing & Shoes
Tommy Hilfiger and CK owner lowers FY22 outlook
PVH Corp has lowered its full year outlook for 2022, with revenues now expected to decrease 4% to 3% (increase…
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News
Boohoo warns suppliers risk further HMRC costs over polybag content
The Boohoo Group has reportedly been charged by HMRC as some of its polybags don’t have the certificate to confirm…
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High Street
Store closures drop to lowest rate in seven years
Store closures have stabilised to the lowest rate in over seven years, with 6,146 store closures in H1 2022 (-30%)…
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Clothing & Shoes
Abercrombie lowers sales forecast amid Hollister pressures
Abercrombie and Fitch Co. has lowered its sales forecast for FY22, with sales expected to be down mid single-digits from…
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