Warpaint London, the beauty specialist that owns the W7 and Technic brands, reported 2019 results on Wednesday and said sales to the EU have grown, while a Tesco deal could be the first of many. But profits are down.
UK retailers have a huge opportunity in China as it recovers from the coronavirus crisis with new research saying 76% of consumers there who’ve bought British goods online plan to increase their spend this year.
Retail analysts have reportedly warned that malls giant Intu is running out of time to fix its debt-saddled finances and that a drop in its portfolio value this year similar to 2019’s could be the last straw.
Barclaycard and Ipsos Retail Performance released their regular monthly spending and footfall studies this week and both contained bad news for the fashion sector, with lots of uncertainty ahead as well.