Reset Fashion Retail Campaign

Total UK footfall dropped by 3.3% in July year on year and down from -2.3% in June, as the UK election sparked feelings of uncertainty for consumers.

Clothing and footwear prices decreased in July for the seventh consecutive month as shop price annual inflation remained at lowest rate since October 2021, the British Retail Consortium (BRC) said.

Administrators at Teneo have told Ted Baker staff that the outcome is "no reflection of the amazing work" of the team as the business plans to shut down its website and remaining UK stores next month.

Retail sales fell 1.2% in June, while textile, clothing and footwear sales fell by 1.6%, figures from the Office for National Statistics (ONS) show.

Research carried out by GfK shows consumers could be taking a “wait and see” approach when it comes to purchases.

King Charles has set out the new government's agenda for the upcoming year, including plans to drive economic growth, reform the Apprenticeship Levy and "reset" the relationship with Europe.

Women's sports shorts and leggings have been credited with "making particularly strong downward contributions" to the inflation rate in clothing and footwear by the Office for National Statistics (ONS).

Labour has pledged to replace the business rates system to "raise the same revenue but in a fairer way". The new government should achieve this by decoupling the tax from inflation and utilising other income streams, says David Jones, managing director of business rates at property firm Avison Young.

A number of former Ted Baker stores have now been taken on by other retailers including Reiss, Alo Yoga and Søstrene Grene, Drapers has learned.

British streetwear brand Represent will open its first UK store in Manchester this autumn.