MarketLine Blog

Posts tagged to New Look

Debenhams: The latest victim of the UK high street

MarketLine

Even though Debenhams has announced store closures under a proposed CVA, the retailer is far from being alone in experiencing high-street woes. Numerous retailers, including House of Fraser, New Look, Next, Arcadia, and Marks & Spencer have been facing increasing financial difficulty on the UK high-street, while others, such as Toys R Us, have exited the market altogether. Debenhams’ difficulties are the result of an often seen tale of too many stores, too much debt, and a failure to keep up with consumer trends. On top of the problems that… Read more

Primark: Fashion giant continues to break the rules of retail

MarketLine

Associated British Foods, the parent company of Primark, announced in late February that it expects profits will be “well ahead” of last year despite a drop in underlying sales in its stores. The company also managed to perform well in 2018, despite the retail environment being particularly tough, with revenues reaching £7.4bn ($9.8bn), 6% ahead of last year at constant currency rates. Primark believes future growth prospects lies in further expanding its store portfolio and has ambitious plans to open more stores in the coming year, including 19 across, France,… Read more