• Mulberry swings to H1 loss as UK shoppers rein in spending

    2 monthes ago - By Fashion United

    Image: Mulberry
    British luxury brand Mulberry has reported a loss in the first half of the year as its UK retail sales were hit by the cost of living crisis.
    The Somerset-based handbag specialist posted a pre-tax loss of 3.8 million pounds in the six months to October 1, compared to a profit of 10.2 million pounds a year earlier.
    It came as consumers tightened their purse strings amid economic uncertainty, with retail sales in its home market of the UK dropping 10 percent in the period, while international sales were broadly flat at 17.5 million pounds.
    On a brighter note, retail sales in...
    Read more ...