Another week, another bout of doom and gloom from the shop front line. An unexpected fallout from the House of Fraser debacle is the collateral damage hit on Mulberry, which operates 21 concessions in the chain. On announcing that it would need to set aside £3 million to cover its losses from monies owed by HoF, its share price fell 30 per cent. Not ideal. Neither was the astonishing blow to Laura Ashley, which had its profits slashed to just £100,000 following charges on the sale of its HQ in Singapore.

Even without this wound, profits were down from £8.5 million to £5.6 million. It will close five more stores (out of 160 in the UK) in the next few months, and the outlook, following on from...



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