Monsoon CEO: high streets will pay the price for mishandled jobs reform Opinion Retail supports better pay and conditions for employees, but with labour costs rising and declining footfall, a poorly implemented Employment Rights Act will do harm than good, says Nick Stowe You might not have thought it, but we are seeing some of the best retail ever emerging in parts of the UK, from major shopping [...]
Rain drives shoppers off high streets in blow to retailers Retail This year’s record wet weather has kept Brits indoors and away from the high street, in a blow to retailers as they face growing costs. Retail footfall fell by 4.5 per cent in February year on year, down from January’s 0.6 per cent decrease, according to the British Retail Consortium (BRC). UK retailers are sounding [...]
Reeves’ Budget tax hikes stopping Monsoon owner’s growth Retail The owner of Monsoon and Accessorize has warned the tax rises introduced by Chancellor Rachel Reeves are forcing it to stop investing in its growth. Adena Brands, which is owned by Peter Simon, is “focusing on reducing our cost base over investing in growth” until it sees signs of strengthening consumer demand. The business added [...]
Monsoon and Accessorize owner enters the red as sales slip May 27, 2025 The owner of Monsoon and Accessorize slumped into the red as its sales were slashed during its latest financial year, it has been revealed. Adena Brands, which is owned by Peter Simon, has reported a pre-tax loss of £7.5m for the 12 months to 31 August, 2024. The loss comes after the group posted a [...]
Profits cut at Monsoon and Accessorize owner as demand for children’s clothes falls May 9, 2024 A drop in demand for children's clothing saw profits fall at the owner of Monsoon and Accessorize.