After 50 years on British high streets Paperchase is on the brink of falling into administration, after a very difficult year for the specialist greetings card and stationery retail chain. The second lockdown in November was a bitter blow for the retailer, which makes a large proportion of its sales in that month. Along with
Paperchase faces administration Read More »
Dr Tim Denison, director of retail intelligence at Ipsos Retail Performance, believes that retailers are in ‘a tricky place and have little choice but to continue to discount’, reflected in the -0.3% fall in non-food prices in April over March. British Retail Consortium chief executive Helen Dickinson says that ‘seeing online and stores as two
Retail news round-up: Discounting; route to better service; help in the supply chain Read More »
Iconic 169-year-old British department store chain, House of Fraser, is to undergo a Company Voluntary Arrangement (CVA) in June 2018 as it seeks to restructure its expensive portfolio. The retailer operates from 59 outlets in the UK, around 20 of which are thought to be performing well. It currently employs 6,500 staff, with a further
House of Fraser seeks to restructure portfolio via CVA Read More »
UK retail sales suffered their biggest quarterly fall in a year as the ‘Beast from the East’ kept shoppers away from the high street. Sales volumes fell 1.2% in March, compared with February. Sales of clothing, petrol and food all suffered, according to the Office for National Statistics. Fifteen major UK retailers or restaurant groups
Retail news round-up: Beastly sales; rates rises hit stores; Amazon in top five Read More »
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