It was a terrible end to a weak pre-Christmas trading period. No surprises that Christmas Eve, traditionally the most intensive selling day on the festive calendar, was a virtual washout, figures from Springboard show.
Another day, another retail survival. Ann Summers is the latest troubled UK retailer to have escaped closure, as its Company Voluntary Arrangement (CVA) was approved by creditors Wednesday.
Buy now, pay later (BNPL) giant Klarna has seen an influencer campaign that it ran in the UK being banned by the advertising watchdog for its “irresponsible” targeting of consumers during lockdown.
LK Bennett is the latest British retailer to have its company voluntary arrangement (CVA) approved and the retailer is planning to close five of its stores as a result of that approval.
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