Changes to M&S's fashion offer and a determination not to discount seem to be paying off. Sales aren't yet where they should be but the turnaround is "on track" and fashion sales should turn positive by year-end
Cautious shoppers stayed away from physical stores in greater numbers in May and fashion shops suffered the most. Hopes are low for June too after the shock election result, despite the month's warm weather boost.
The bidders for Oasis, Coast and Warehouse are reported to include Philip Day, Foschini, Alteri and Truwowrths, but they are believed to have offered less than half the £100m the trio's owners had wanted.
Rumours of a sale have been swirling around Shop Direct for months and now it has been reported that the online fashion and general merchandise retail giant could be sold this year with a price tag of £3bn+ suggested.
The prospects for UK retail remain both patchy and confusing as a new report from Ipsos Retail Performance on Friday showed poor footfall during March, despite another tracker suggesting footfall rose last month.