Young people when shopping for clothes have the highest purchase frequency, with 58.1 percent of 16-24s buying clothing at least once a month, compared to 14.6 percent of over 65s, according to GlobalData research.
Having already disrupted food retail, discount players are increasingly impinging on the grocers’ share of non-food retail sectors, with homewares becoming the next battle ground.
Debenhams has revealed a fall in domestic operating profit of 11 percent for its first half – a too familiar story for the department store.
Department store giants Debenhams and House of Fraser have said they are reviewing their stable of private label clothing brands following weak performances – a task they, and M&S, already carried out in 2016 but not severely enough.
There was blood on the high street this morning after Next — the first retailer ahead of a flurry to divulge their Christmas trading performance — warned this coming year was not going to be good.