Marks & Spencer made headlines Wednesday morning as profits went into freefall and fashion sales dipped. But a full-price sales rise and other upbeat news meant the turnaround is on track and the share price is rising.
Brexit is looming but London is still the top springboard into Europe for retailers, new figures from CBRE have shown. But Hong Kong is global leader while Dubai and Doha show the Middle East remains key.
Pre-tax profit may have fallen at UK property firm Shaftesbury in the six months to March 31 but net profit rose 28% and it said its retail tenants saw strong sales as tourist spending helped central London “flourish”.
April was a confusing month for anyone tracking online sales with the latest IMRG Capgemini showing a difficult few weeks for the clothing sector, although health & beauty grew while home & garden leapfrogged ahead.