Retail news

• John Lewis and M&S begin Boxing Day sales on websites

  24-12-2018 19:28
  Move comes as figures suggest Britons will spend £1.1bn on Christmas Day shopping onlineJohn Lewis and Marks & Spencer have fired the starting gun on the Boxing Day sales as figures suggest Britons will spend £1.1bn shopping online on Christmas Day.After a difficult year, the department store chainhas begun a clearance sale on its website with the biggest reductions in its homewares departments. M&S has launched what is describes as its “biggest sale of the year”,
  
  Read more

• Desperate UK retailers hoping for Christmas Eve shopping reprieve

  24-12-2018 13:44
  Chains including Debenhams, House of Fraser, Topshop and New Look offer big discountsStruggling retailers are hoping for a late burst of trade on Monday as bargain hunting Britons take it to the wire on Christmas Eve shopping trips.The high street is already a sea of red sale signs with Debenhams, House of Fraser, Topshop and New Look among the fashion brands offering up to 70% off deals. The desperate price cutting comes after stores were not as busy as expected on the biggest shopping day of t
  
  Read more

• David and Victoria Beckham paid £30m despite falling profits

  24-12-2018 13:15
  Fashion business owned by former Spice Girl suffers 20% fall in profits on rising turnoverThe company that runs David and Victoria Beckham’s business empire paid out £30m to the couple, along with former Spice Girls manager Simon Fuller, despite profits falling by a fifth.The Beckhams and Fuller each own a third of Beckham Brand Holdings, which in turn owns Victoria Beckham’s fashion business and the David Beckham brand. Accounts from the company show that of the £30m dec
  
  Read more

Follow @retailuknws on Twitter!