Marks & Spencer has fired the starting gun on what is being billed as the “sale of the century” after the high street lockdown wiped out an entire season for fashion retailers. Retail analysts believe there could be around £15bn worth of stock up for grabs and there will be “wall-to-wall” sales for the rest of this year after clothing stores were forced to shut just after stocking up with spring and summer fashions. One industry insider told the Guardian that warehouse storage space is more than 90% full and some retailers have been storing container-loads of summer fashion in locations such as railway sidings and on former Ministry of Defence land due to the lack of space and the exploding cost of storage in ports – from about £20 per container a day to more than £100. M&S has dressed up its price cuts, which start at 50%, as a “rainbow sale” – and is handing 10% of takings to NHS charities. But the retail group has told the City that its clothing and homewares business had been “severely constrained during lockdown”. Next, one of the high street’s strongest performers, which banked profits of £600m last year, has warned… Read full this story
- Not On The High Street Black Friday 2020: Here are the things to look out for
- Waste not, want not: upcycled clothing and accessories for your post-lockdown wardrobe
- Robbie Williams' wife Ayda Field floors fans with stunning rainbow holiday dress
- Britons will accept home schooling, local lockdowns and bans on live audiences if a coronavirus vaccine can't be found, survey finds
- Rebecca Adlington 'is holed up in lockdown with boyfriend Andrew Parsons AND her ex-husband Harry Needs... plus his best friend Michael Gunning'
- Stacey Solomon sends fans wild in the dreamiest rainbow summer dress
- Missoma Black Friday sale 2020: What to expect
- Dua Lipa showcases her sense of style in a feathered top and blue jeans as she reveals she has got 'back to work' after lockdown
- Great Nintendo Switch Sale Discounts Luigi's Mansion 3, Cuphead, And More
- New Nintendo Switch Sale Offers Luigi's Mansion 3 For $42, Cuphead For $16, And More
'Rainbow sale': high street gears up for massive post-lockdown discounts have 336 words, post on www.theguardian.com at May 16, 2020. This is cached page on VietMaz. If you want remove this page, please contact us.