the Business Forum and
the Economic Partnership
in Brighton & Hove
Homepage    BCRP Intranet    Funding    Events    Knowledgebase    Links    About us     Contact us
Key projects
Crime
reduction
 


Inward
investment
information
 


Licensee
Forum
 

Workforce development 

Transport
 

Business &
climate
change

Property &
Development sites

Business
Improvement
Districts

Housing
 

Strategy
 

Consultation opportunities
 

Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
Email: info@brighton
business.co.uk

© Brighton & Hove
Business Forum

News - 12 October 2006

Who’d be a fashion retailer in the UK?

A depressing combination of an unusually warm autumn and new fashion lines that just haven’t hit the right note with consumers is causing serious problems for fashion retailers. This situation seem to be turning into an annual occurrence.

The high street chains have run into problems trying to shift winter coats and woollies off their shelves, not helped by a sea of dull grey tailoring that was supposed to be this winter’s “look”.

Cut price sales have started earlier than usual at several chains and some retail analysts believe it is only a matter of time before stores are forced into profits warnings as a result of the slump in sales

Last month the fashion chain Monsoon warned that underlying sales were down 6% and trading was a "cause for concern".

On Wednesday the discounter Matalan revealed that the past six weeks had seen it slip back into negative trading, despite a high-profile, and controversial (at least to Marks & Spencer) marketing campaign. Recent like-for-like sales were nearly 4% down on last year. The company blamed the weather "with a poor performance being seen in warmer, wetter weeks".

Analysts also believe Debenhams has been among those hardest hit, with speculation suggesting the group has just had its first year-on-year weekly sales increase for two months but this won’t be confirmed until next month.

Even the resurgent Marks & Spencer is not immune with retail insiders suggesting that it is also having a tougher time. In July its chief executive, Stuart Rose, reported a unexpected 10.5% improvement in like-for-like sales of general merchandise - which includes clothing and house ware. But it is understood its recent experience has fallen well short of those levels.

Fashion chain New Look is also said to be finding the going tough and the Next boss, Simon Wolfson, recently warned sales were likely to slow.

Not all retailers are suffering equally. Last week, Tesco indicated that its fashion sales were still robust. They had climbed 19% in the past six months.


Read related items on:
Creative industries
Retail, pubs, clubs and restaurants


Browse our business Knowledgebase or search by keyword


Headlines

23 May 2018
Gingerman Restaurant Group to Open Restaurant at Hanningtons Estate Brighton
16 May 2018
Can you help us help rough sleepers? Search for a venue to provide shelter 15 May 2018
New Research Reveals Cost of Opening A Business in Brighton: £6,000 11 May 2018
Tech firm SaleCycle to open new office in Brighton, creating 30+ new jobs 4 May 2018
Get involved - National Numeracy Day This 16 May 1 May 2018
BUSINESS IMPROVEMENT DISTRICT INDUSTRY CELEBRATES 300 BIDS 1 May 2018
Barclays' High Growth & Entrepreneurs Awards 2018 launch to celebrate start-up leaders in the UK 30 April 2018
Barclays launches major drive to help SMEs tackle Cymbercrime 24 April 2018
An evening with Chris Fox, Lib Dem Peer 24 April 2018
"A triumph of innovation" 13 April 2018
Brighton city Centre Vacancy Rates continue to buck national trend 12 April 2018
The Ivy in the Lanes Set to open 2 May 2018 11 April 2018
Free Dr Bike Service Returns 20 March 2018
Brighton named most entrepreneurial city AND second best for student happiness according to Fresh Student Living 19 March 2018
A Meeting with Chris Fox, Lib Dem Peer - Why Business Matters 14 March 2018
Better Business for All Event with BEIS 7 March 2018
Brighton celebrates women in tech as Spring Forward festival returns for a fourth year 6 March 2018
Six months of success for BTN BikeShare 2 March 2018
Sustainability in Action masterclasses for Sussex businesses 2 March 2018
Doing Business in China comes to Brighton 1 March 2018
Brighton & Hove Chamber of Commerce presents: Protecting your brand- a guide for fast growth businesses 1 March 2018
Long haul passengers boost local economy and jobs, according to new Gatwick report on the 'Visitor Economy' 28 February 2018
Save time reporting crime 27 February 2018
Warren Morgan Resigns from Brighton & Hove City Council 23 February 2018
Brighton Technology Company, Paxton Ranks in Sunday Times 100 Best Companies to Work For 23 February 2018
Greater Brighton's Commercial Property Database 22 February 2018
SE-ASSIST - Launch of Loan Capital in Greater Brighton 19 February 2018
House Price update Q4 2017 19 February 2018
What would you do in a crisis? 19 February 2018
The investment journey for high growth entrepreneurs 9 February 2018
Make Change Count 2018 - helping rough sleepers in Brighton & Hove 8 February 2018
Brighton Technology Company Paxton Announces Recipients of New Scholarship Programmein Association with the University of Brighton 8 February 2018
Cyber London Accelerator Invites Summer 2018 Entries 8 February 2018
Innovate UK Launches Strand 2 Emerging and Enabling Technologies Sector Competition 8 February 2018
Success In Sussex As Food And Drink Heroes Crowned Winners 8 February 2018
UK Games Fund - Fourth Round Open to Applications 8 February 2018
Innovate UK & Prince's Trust Launch Young Innovators' Programme 6 February 2018
Brighton & Hove Food Partnership launches 'Kit Out The Kitchen' crowdfunding campaign 2 February 2018
Brighton & Hove Council and Crest Nicholson win £15m government funding to kickstart King Alfred project 1 February 2018
Could a Utilise Plus Programme grant help you?