Christmas spend could dip slightly in the West End this Christmas a new prediction shows but it also says that the challenging year has made it a buyers market that should tempt people away from their screens.
UK consumer confidence has dropped again with a one point fall in the Consumer Confidence Index to -10, a sign of the increasingly chilly economic environment that’s helping to keep fashion sales muted at present
UK store portfolios could be cut by as much as 20% as the migration to online, Brexit uncertainty and increasing consumer caution continue to bite, according to a quarterly update from KPMG/Ipsos Retail Think Tank (RTT).
Debenhams reported its biggest-ever loss on Thursday and confirmed a plan to close 50 stores as well as saying the beauty market has dipped in recent months. But it’s remaining upbeat and thinks it’s on the right track.
United Parcel Service Inc reported a 20 percent rise in quarterly profit on Wednesday, but shares dropped 3.5 percent after it said the U.S. trade war with China contributed to disappointing international results.