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Sandra Halliday Published January 2, 2025 Reading time
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Ashworth and Parker —better known as UK luxury retailer END. — continued to face tough market conditions in the year to the end of March, its latest accounts filing has shown.
That was despite its previous year having been particularly problematic as it dealt with the massive challenge of a multimillion pounds stock write-off.
This time, the company said the retail landscape remained challenging as macroeconomic pressures persisted both in the UK and abroad. High inflation and interest rates “weighed heavily on consumer spending” and the company took "proactive steps to reduce inventory intake throughout the year to de-risk its inventory exposure”.
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