Gloom surrounding the general downturn in the consumer economy has been compounded by hot weather and a flurry of bank holidays, which have hit trade.
According to figures from accountant BDO, fashion sales fell 10.4pc in the week ending May 29. Within that, clothing sales slumped 11.2pc and footwear sales dropped by 4.9pc.
It is thought that even large High Street fast-fashion retailers have found the going extremely tough over recent months.
Jane Norman was founded in 1952 in London. The chain used to be owned by Baugur, the Icelandic investor, and Kaupthing, the bank. Both institutions collapsed during the credit crisis and the chain is now majority-owned by a consortium of around 15 banks.
Article Source KBG Test Blog (http://rc.kbg.me)
