20th November 2018
Primark establishes new record for UK clothes retailing profit
With an opening programme in its last quarter that included its second New York City store, Primark set a new record of £843 millon ($1.14 billion) in profit for a...
6th November 2018
What’s really made Primark the most profitable British clothing retailer ever?
With an opening programme in its last quarter that included its second New York City store, Primark today announced a new record of £843 millon ($1.14 billion) in profit for...
25th October 2018
Amazon Q3 retail sales “surprisingly weak”
Although Amazon announced third quarter sales 2017 were "up 29%" its retail sales were surprisingly weak - and its profits from retail outside North America may not have improved as...
22nd October 2018
Amazon Europe losses greater than Sears
The 2017 near-billion dollar losses that tipped Sears into its bankruptcy filing were about the same as Amazon’s losses on European retail alone. Sears lost $981mn in 2017. Slightly less...
19th October 2018
Britain’s physical stores keep growing. But is clothing now the exception?
September’s release from Britain’s Office of National Statistics show that sales in physical stores are still growing. They were 3.1% up year on year in September, and 3% for the...
18th October 2018
UK Q3 2018 physical store growth “fastest since 2014”
UK retail sales through physical stores in the 12 months to September 2018 grew at their fastest rate (7.2%) since 2014, the country's Office for National Statistics announced on October...
15th October 2018
US physical retail showing “fastest growth
US retail sales through physical stores in the twelve months to September showed their fastest growth (4.1%) since 2011, the US Department of Commerce announced on October 15. The value...
15th October 2018
Sears files for bankruptcy
Once the world's largest retailer, the company has lost $6bn - and 80% of its its staff - over the past five years
14th October 2018
Amazon Europe losses “bigger than Sears”
Amazon Europe's 2017 losses on retailing in Europe were greater than Sears' average annual losses for the past five years. Data exclusively revealed by Clothesource reveals disturbingly high European losses