UK: Retail Profit Warnings Quadruple
According to a survey carried out by Ernst & Young, 12 retail groups had issued profits warnings during the first three months of the year, compared with just three during the last quarter of 2002.
It added that this came despite the overall number of warnings falling by 24% from 106 to 81.
The group blames the rise on tough trading conditions over the Christmas period, and the continuing fragile state of consumer confidence.
Help test our new apparel sourcing tool.
- Digitalisation and data to disrupt supply chains
- EU eyes mandatory due diligence for apparel supply
- Unlocks for the future fashion sourcing landscape
- What TTIP might mean for US, EU textiles & apparel
- Geo-political uncertainty and how to survive it
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – Finish Line, Oxford Industries
- Levi Strauss and ILO probe Cambodia factory death
- Next books first FY profit fall in eight years
- Big data to help US firms improve clothing fit
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing