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Tory Burch UK’s retail sales rise but gross margins dip

January 10, 2024 No Comments Business , ,

Tory Burch UK has filed its latest results with the company that operates the UK and German businesses for the American label saying that turnover rose by as much as 70.7% in the year to the end of December 2022. Turnover jumped to £24.4 million from £14.3 million a year earlier, although rather than indicating [...]read moreTory Burch UK’s retail sales rise but gross margins dip

UK lost 120,000 retail jobs in 2023

January 9, 2024 1 Comment Business , ,

2023 was a bruising year for UK retail with almost 120,000 sector jobs lost and more than 10,000 stores shuttered as inflation and tough economic conditions took their toll. A report by the Centre for Retail Research, reveals 119,405 jobs across the UK’s shopping destinations, while 10,494 stores were closed. However, this was an improvement [...]read moreUK lost 120,000 retail jobs in 2023