There are concerns for the future of Debenhams as the department store chain looks set to post the biggest loss in its 240 years history – almost £500million – and gets ready to close 50 of its 166 stores. The closures may results in as many as 4,000 job losses. There is now even more
Chancellor Philip Hammond’s Spring budget was meant to squash the doom and gloom and present a picture of hope for the British economy, with a forecast that envisaged more growth coupled with less inflation and debt in the year ahead. For the retail sector his March 13 speech set a new date of 2021 for
Spring Budget statement Read More »
Alan Monahan writes: I suspect that many retailers will rue the day that Black Friday washed up on our shores from the US. Like Andrew Jennings – who used to run Harrods, House of Fraser and New York department store Saks Fifth Avenue – they probably believe that the lead-up to Christmas should be a
Retail Reflections: the jury is out on Black Friday – bring on the mince pies! Read More »
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