Selfridges blames slump in tourists shopping for luxury goods as sales fall

The GuardianWednesday, October 1, 2025 at 1:14:35 PM
Selfridges blames slump in tourists shopping for luxury goods as sales fall
Selfridges is facing significant challenges as it reports a 7% decline in sales, attributing this downturn to a drop in international tourists shopping for luxury goods in the UK and a general decline in consumer confidence. This marks the fifth consecutive year of losses for the retailer, which has not seen a pre-tax profit since 2019. The situation highlights the ongoing struggles within the retail sector, particularly for high-end brands, as they navigate changing consumer behaviors and economic uncertainties.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
What can Americans learn from the UK? How to cope with national sporting despair | Adrian Chiles
NeutralWorld Affairs
In a recent article, Adrian Chiles reflects on the recent Ryder Cup defeat faced by the American team, suggesting that such losses can foster a sense of unity among fans. He points out that while Americans are typically dominant in sports, experiencing national sporting despair is a rare occurrence for them. This perspective invites readers to consider how losing can sometimes bring people together, highlighting a cultural difference in how sports are experienced in the UK compared to the US.
What can Americans learn from the UK? How to cope with national sporting despair | Adrian Chiles
NeutralWorld Affairs
In a recent article, Adrian Chiles reflects on the recent Ryder Cup defeat faced by the American team, suggesting that such losses can foster a sense of unity among fans. He points out that while Americans are typically dominant in sports, experiencing national sporting despair is a rare occurrence for them. This perspective invites readers to consider how losing can sometimes bring people together, highlighting a cultural difference in how sports are experienced in the UK compared to the US.
Nature boys and girls – here’s your chance to get published in the Guardian
PositiveWorld Affairs
The Guardian's Young Country Diary series is inviting children aged 8-14 to share their experiences with nature this autumn. This initiative not only encourages young writers to express their thoughts and observations but also fosters a deeper connection with the environment. By publishing these articles, The Guardian aims to highlight the importance of nature in children's lives and inspire a new generation to appreciate and protect the natural world.
Nature boys and girls – here’s your chance to get published in the Guardian
PositiveWorld Affairs
The Guardian's Young Country Diary series is inviting children aged 8-14 to share their experiences with nature this autumn. This initiative not only encourages young writers to express their thoughts and observations but also fosters a deeper connection with the environment. By publishing these articles, The Guardian aims to highlight the importance of nature in children's lives and inspire a new generation to appreciate and protect the natural world.
Labour members feel disconnected from government, says Lucy Powell
NegativeWorld Affairs
Lucy Powell, a deputy leadership candidate for the Labour Party, expressed concerns that party members feel increasingly disconnected from the government. During a recent hustings event, she highlighted that this disconnect could lead to a loss of motivation among activists, emphasizing the importance of listening to feedback from constituents. This situation is significant as it reflects broader issues within the party and could impact its effectiveness and unity moving forward.
Labour members feel disconnected from government, says Lucy Powell
NegativeWorld Affairs
Lucy Powell, a deputy leadership candidate for the Labour Party, expressed concerns that party members feel increasingly disconnected from the government. During a recent hustings event, she highlighted that this disconnect could lead to a loss of motivation among activists, emphasizing the importance of listening to feedback from constituents. This situation is significant as it reflects broader issues within the party and could impact its effectiveness and unity moving forward.
Will Labour’s fracking ban end practice in the UK for good?
PositiveWorld Affairs
Ed Miliband's recent announcement to expedite Labour's fracking ban is a strategic move aimed at preventing potential voters from supporting Nigel Farage's pro-fracking party, Reform. This decision is significant as it reflects Labour's commitment to environmental issues and could reshape the political landscape in the UK, especially as the country grapples with energy policies and climate change.
Will Labour’s fracking ban end practice in the UK for good?
PositiveWorld Affairs
Ed Miliband's recent announcement to expedite Labour's fracking ban is a strategic move aimed at preventing potential voters from supporting Nigel Farage's pro-fracking party, Reform. This decision is significant as it reflects Labour's commitment to environmental issues and could reshape the political landscape in the UK, especially as the country grapples with energy policies and climate change.
UK fracking ban to be brought forward as Labour counters Reform promise
PositiveWorld Affairs
In a significant move, Ed Miliband has announced that the UK government will accelerate its plans to permanently ban fracking, a controversial practice that has faced widespread opposition. This decision comes as a direct response to the Reform party's proposals to reinstate fracking, which has raised concerns about environmental impacts. By taking this step, the government aims to reinforce its commitment to sustainable energy practices and address public concerns over climate change, making it a pivotal moment in UK energy policy.
UK fracking ban to be brought forward as Labour counters Reform promise
PositiveWorld Affairs
In a significant move, Ed Miliband has announced that the UK government will accelerate its plans to permanently ban fracking, a controversial practice that has faced widespread opposition. This decision comes as a direct response to the Reform party's proposals to reinstate fracking, which has raised concerns about environmental impacts. By taking this step, the government aims to reinforce its commitment to sustainable energy practices and address public concerns over climate change, making it a pivotal moment in UK energy policy.
UK’s FTSE 100 share index hits record high; US jobs market weakens as companies cut workers – business live
PositiveWorld Affairs
The FTSE 100 has reached a record high, marking a significant milestone as global stocks celebrate their best September since 2013. This surge in the UK stock market is noteworthy, especially in light of the weakening US jobs market and rising employment costs that have led to a drop in business confidence. The contrasting trends highlight the resilience of the UK market amidst broader economic challenges, making it a crucial point of interest for investors and analysts alike.
UK’s FTSE 100 share index hits record high; US jobs market weakens as companies cut workers – business live
PositiveWorld Affairs
The FTSE 100 has reached a record high, marking a significant milestone as global stocks celebrate their best September since 2013. This surge in the UK stock market is noteworthy, especially in light of the weakening US jobs market and rising employment costs that have led to a drop in business confidence. The contrasting trends highlight the resilience of the UK market amidst broader economic challenges, making it a crucial point of interest for investors and analysts alike.
Latest from World Affairs
Germany arrests suspected Hamas members over alleged attack plot
NegativeWorld Affairs
In a significant development, German authorities have arrested three men suspected of plotting attacks on Jewish and Israeli institutions within the country. This alarming news highlights ongoing security concerns in Germany regarding potential extremist activities and the safety of minority communities. The federal prosecutors' involvement underscores the seriousness of the allegations, as the nation grapples with rising tensions and the need for vigilance against terrorism.
Federal Reserve governor will keep job for now despite Trump’s bid to remove her
NeutralWorld Affairs
The Supreme Court has decided to defer action on President Trump's request to remove Lisa Cook from her position at the Federal Reserve, at least until it hears oral arguments on the case. This decision is significant as it highlights the ongoing tensions between the executive branch and independent financial institutions, and it underscores the importance of judicial review in maintaining checks and balances within the government.
Union Saint-Gilloise v Newcastle: Champions League – live
NeutralWorld Affairs
In an exciting Champions League match, Union Saint-Gilloise faced off against Newcastle, showcasing the intensity of European football. The game kicked off at 5:45 PM BST, and early moments included a humorous mishap where Newcastle's Botman accidentally kicked the ball into his own face. This match is significant as it highlights the competitive spirit of teams in the prestigious tournament, drawing attention from fans and analysts alike.
US government shutdown live: White House says ‘layoffs are imminent’ as JD Vance uses false claims to blame Democrats for shutdown
NegativeWorld Affairs
The US government has officially shut down after both Republican and Democrat funding bills failed to pass in the Senate. This shutdown is anticipated to have a more severe impact than previous ones, affecting federal workers and services across the country. The White House held a press briefing to address the situation, highlighting the urgency of resolving the funding impasse. This matters because a prolonged shutdown could disrupt essential government functions and services that millions rely on.
Lions host Stampeders in key West Division contest
PositiveWorld Affairs
The B.C. Lions are gearing up for a crucial matchup against the Stampeders in the West Division, with Nathan Rourke leading the charge. This late-season push is significant as it could determine playoff positioning, making every game count. Fans are excited to see if the Lions can maintain their momentum and secure a vital win.
US government shuts down after Senate fails to advance both parties’ bills
NegativeWorld Affairs
The US government has officially shut down after a stalemate in the Senate, with both Democrats and Republicans pointing fingers at each other for the failure to extend funding. This marks the first government shutdown in nearly seven years, impacting federal services and employees. The inability to reach an agreement highlights ongoing political divisions and raises concerns about the implications for the economy and public services.