Sales rose 7.4 per cent for Fat Face in its full year to June 2, despite tough high street trading conditions and unseasonal weather skewing consumer buying habits. In the 52 weeks to June, sales increased to £238.4 million, representing a like-for-like growth of 4.9 per cent across the chain. Online sales, which make up 20 per cent of Fat Face’s revenue, were up 11.8 per cent year-on-year
Some of the UK’s biggest retail organisations have signed up to “Purple Tuesday”, an initiative designed to make shopping more inclusive for disabled people. Purple Tuesday will be launched on November 13 at the start of the busy Christmas shopping period and will offer retailers training kits for their staff and make both their stores and websites more accessible. The project, co-ordinated by disability organisation Purple, has been endorsed by the government and leading retailers including Argos, Asda, Marks & Spencer and Sainsbury’s have pledged their support
The British Retail Consortium’s (BRC) Footfall and Vacancies Monitor with Springboard found footfall fell by 0.8 per cent for July, for a third consecutive monthly decline.
Debenhams is about to start rolling out in-store gyms from next month, as it seeks ways to drive footfall with new customer experience initiatives. The first gym will take up a 17,575 sq.ft site in Debenhams’ Sutton branch, and is slated to open on September 10.
Card Factory faced a battle on numerous fronts for its first financial half, despite booking a 3.2 per cent rise in total group sales.
Zalando has reduced its full-year sales and profits forecasts after the unprecedented run of hot weather and shift to mobile shopping hit demand.
Pets at Home has seen its shares jump nearly 18 per cent as it revealed strong revenues during the last quarter. 16 weeks to 19 July the retailer saw group revenues jump 8.1 per cent to £277.4 million, thanks to a retail revenue boost of 6.9 per cent to £245 million
Former Pentland Brands global president Chris Stephenson has been appointed as the new chief executive of Jigsaw. Stephenson, who has worked for Pentland Brands since 2017 after leading rugby brand Canterbury since 2008, is understood to have taken up the role in July 2016 after acting as a non-executive director for several months. READ MORE: Jigsaw seals £20m rescue deal with Carphone Warehouse founder David Ross He will replace Peter Ruis, who departed the fashion retailer with immediate effect in March to join Anthropologie
Leading credit ratings agency Moody’s has judged House of Fraser to be in technical default on its loans. In an investors’ note sent yesterday, Moody’s also warned clients that the outlook for the beleaguered department store’s rating remained negative, making it harder for the retailer to borrow money. Meanwhile, fellow ratings agency S&P on Monday said new debt arrangements agreed by House of Fraser last week were also “tantamount to a default.” READ MORE: House of Fraser in talks with Mike Ashley for £50m rescue bid House of Fraser CVA legal action delays £70m cash injection House of Fraser CVA approval green lights 31 store closures Moody’s downgrades New Look & House of Fraser amid falling sales COMMENT: What’s next for House of Fraser’s stakeholders
Overall shop prices decelerated at the lowest rate in eight months, primarily due to a surge in food prices as the cold spring and recent heatwave affected fruit and vegetable prices.