Peacocks launches huge clearance sale ahead of closing much-loved shop
PEACOCKS has launched a huge clearance sale ahead of one of its much-loved shops shutting its doors.
The branch in Northfield, Birmingham, has items on sale with an extra 30 per cent discount on top, a shopper has claimed.
3
3
3
The shopper took to the Extreme Couponing and Bargains UK Facebook page to share the unbelievable shop discovery.
She said: "Peacocks in Northfield is now a clearance shop, everything is SALE an addition 30% sale prices!
"I got tops for £2.10 black ankle boots for £3.50!
"Jeans that was £25 for £8.40! And loads more they had loads of stock.
"Run don't walk."
Facebook users shared their excitement on the sale - but their sadness on the shop closure.
One shopper said: "Why are all the shops closing in Northfield?"
And tagging a pal, one commenter asked: "Fancy an hour out in Northfield tomorrow?"
In July last year Peacocks announced they would be strategically closing stores as they launched a new website.
Poundland to be sold for JUST £1 as frontrunner for shock takeover is revealed after wave of store closures
The fashion retailer revealed an annual turnover of £238million for the year to February 2023, with £14.65million in profits for the same period.
Peacocks was originally bought out of administration in 2021, saving 2,000 jobs.
The brand was saved by investors led by Edinburgh Woollen Mill's chief operating officer Steve Simpson.
It comes as closures have rocked high streets across the UK in recent years.
Devastated shoppers cried "what a tragedy" as a beloved shop of 33 years is set to pull down the shutters for good.
Why the high street still rules!
Fabulous' Fashion Director, Tracey Lea Sayer shares her thoughts.
I WAS 10 when I first discovered the utter joy of high-street shopping for clothes with my mum and nan.
Going into town on Saturday became a family tradition – a girls' day out we would look forward to all week.
My mum's favourite shop was M&S, where she would gaze at jackets with big shoulder pads and floral sundresses, while my nan would make a beeline for John Lewis and their classic coats and elegant court shoes.
I was all over Tammy Girl – Etam's little sister – and Chelsea Girl, which was later rebranded to high-street fave River Island.
I would spend hours in the changing rooms, watched keenly by my two cheerleaders, who gave the thumbs up – or thumbs down – on what I was trying on.
Frilly ra-ra skirts, duster coats, polka dot leggings, puff balls, boob tubes… I tried them all, often making my nan howl with laughter.
Fashion wasn't so fast back in the 1980s and every item was cherished and worn until it fell apart – literally – at the seams.
At 18, I went to art college and my tastes became more refined.
Extra cash from a part-time job in a bar meant I could move on to slightly more expensive stores, like Warehouse, Miss Selfridge and the mecca that was Topshop.
I knew at this point I wanted to work in fashion because the high street had totally seduced me.
One day, I wrote an article for a competition in a glossy mag about my love of retail therapy and my favourite LBD – and I won!
That led me to where I am today – Fashion Director of Fabulous.
It's not just me that loves the high street – big-name designers are fans, too. When Cool Britannia hit in the '90s, they all turned up in one big store.
Designers at Debenhams was a stroke of genius by Debenhams CEO Belinda Earl, designer Ben de Lisi and fashion director Spencer Hawken, who introduced diffusion ranges from John Rocha, Matthew Williamson and Betty Jackson, to name a few.
This meant we could all afford a bit of luxury and wear a well-known designer's signature style.
Years later, I hosted a night with Debenhams and Fabulous for 250 readers, who were in awe meeting all the designers. It was a real career highlight for me.
In 2004, H&M started rolling out their international designer collabs.
Karl Lagerfeld was first, followed by Roberto Cavalli, Marni, Stella McCartney, Maison Martin Margiela, Sonia Rykiel, Comme des Garçons, Balmain, Versace and many, many more. I could barely contain myself!
Then in 2007, Kate Moss launched her first collection with Topshop, with thousands queuing along London's Oxford Street.
I remember sitting behind Ms Moss and Topshop boss Philip Green at a London Fashion Week Topshop Unique catwalk show.
I had my three-year-old daughter, Frankie, in tow and we both made the news the next day after we were papped behind Kate, my supermodel girl crush.
At the time, the high street was on fire. Who needed designer buys when Mango stocked tin foil trousers just like the designer Isabel Marant ones and you could buy a bit of Barbara Hulanicki's legendary brand Biba from Topshop?
High street stores even started to storm London Fashion week.
Although Topshop Unique had shown collections since 2001, in 2013 River Island showed its first collection in collaboration with global superstar Rihanna, who was flown in by a friend of mine on a private jet. KER-CHING!
A whole new generation of high profile high street collabs followed.
Beyoncé created Ivy Park with Topshop's Philip Green and I even flew to LA for Fabulous to shoot the Kardashian sisters in their bodycon 'Kollection' for Dorothy Perkins.
I am pleased to say they were the absolute dream cover stars.
Fast forward to 2024 and while the high street doesn't look exactly like it did pre-Covid, it has made a gallant comeback.
Stores like M&S, Reserved and Zara, and designer collabs like Victoria Beckham X Mango and Rochelle Humes for Next are giving me all the feels.
The supermarkets have really come into their own, too, smashing it with gorgeous collections that look expensive, but at prices that still allow us to afford the weekly shop.
The last 30 years of high street fashion have been one big adventure for me. Bring on the next 30!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
7 minutes ago
- Reuters
UK's Primary Health Properties offers $2.4 billion for Assura
June 23 (Reuters) - Britain's Primary Health Properties (PHP.L), opens new tab on Monday proposed to buy healthcare real estate investor Assura (AGRP.L), opens new tab for 53.3 pence per share, valuing it about 1.79 billion pounds ($2.4 billion), trumping a rival bid from KKR (KKR.N), opens new tab and Stonepeak Partners. ($1 = 0.7444 pounds)
Reuters
13 minutes ago
- Reuters
Advent to acquire Spectris in $5.9 billion deal
June 23 (Reuters) - Britain's Spectris (SXS.L), opens new tab has agreed to be acquired by private equity firm Advent in a deal valued at about 4.4 billion pounds ($5.91 billion), including debt, the companies said on Monday. ($1 = 0.7443 pounds)
Telegraph
24 minutes ago
- Telegraph
All is not lost for Britain's stock market
Donald Trump's 'liberation day' tariffs may have sent global stock markets into free fall but since then all seems to have been forgiven by investors – especially those who ply their trade investing in British companies. This month, America's main stock market, the S&P 500, came within 2pc of surpassing its record highs set in February, accompanied by much fanfare on Wall Street after the period of sharp turbulence. But while the US was celebrating playing catch-up after the president's tariffs onslaught, UK stock markets have been quietly steaming ahead. Steven Fine, the chief executive of City stockbroker Peel Hunt, says investors from outside the UK are starting to take note of London's markets again after the Trump tariff turmoil. He acknowledges that you might not notice the shift amid the 'relentless' wave of companies leaving UK stock markets for the deeper pockets of US investors, including British semiconductor company Alphawave and payments group Wise. 'We have got a bit of a lack of self-esteem here,' says Fine. 'Why do overseas markets think we're more interesting than we do?' Here are five closely watched charts to show why all is not lost for Britain's stock market. The main UK stock index, the FTSE 100, closed at a record high earlier this month and has climbed more than 8pc so far this year, vastly outperforming the S&P 500, which is up by less than 2pc over the same period. Yet this year's performance on the FTSE 100 is in stark contrast to previous years, where the City lagged European and US peers. UK equity markets have 'not been an easy hunting ground', according to Tom Peberdy, of investment manager Ninety One. He says Brexit, the pandemic and an inflation crisis had made it 'pretty tough' to be a UK-focused fund manager at the firm, which targets wealthy individuals and institutional investors. 'But it does feel like the tide is turning,' he says after years of watching outsized gains on Wall Street, primarily powered by the 'magnificent seven' group of technology giants such as Apple and Amazon. 'Investors ultimately will gravitate towards where the opportunity is.' The tide of money ebbing out of UK companies in recent years has depressed their share prices – but also made them cheaper to buy. Ninety One is positioning itself for a surge in London markets, putting it at odds with the ever-increasing flow of money out of UK businesses over the past three years. In comparison, companies on the S&P 500 have grown in value by about 32pc over that time, while the Nasdaq Composite, popular with technology investors, has gained 38pc. The FTSE 100 has gained more than 16pc since April 2022. However, Fine, of Peel Hunt, sees this as a sign of resilience during a period when investors contended with the Liz Truss mini-Budget crisis and the surge in inflation triggered by the Ukraine war. 'We seem to deal with these things,' he says. 'The resilience of the UK economy is something we don't really recognise because it's always about what's going to happen next and how bad it's going to be in the future. 'So can that buffer become a bit more of a springboard?' Fund managers at Ninety One are convinced there are a series of arguments stacking up in favour of investing in British companies. 'We do think the UK gets mischaracterised still as energy and banks,' says fund manager Anna Farmbrough, who employs a strategy aimed at investing in 'quality' companies. 'We think it is worth pointing out that capital goods is the largest sector in the UK. That is full of exceptional businesses operating in very niche industries. We really do have incredible innovation and technology being produced over here. They are often mission-critical products.' She pointed to the industrial group Spectris, which saw shares surge by 65pc this month after attracting takeover bids from US private equity firms Advent and KKR. Those bids were at an 80pc premium to its share price at the time, which Farmbrough says 'gives some reassurance around where the valuations for some of these businesses are, and that they are worth a lot more'. Aside from offering the chance to buy stocks cheaply, the comparatively low valuations of companies on London's markets also offers the opportunity for better returns. 'One thing that people don't quite appreciate is what a big component dividends are in the forward returns of your buying a stock,' says Alessandro Dicorrado, who looks after value investing strategy at Ninety One. 'If you're making an investment with a long-term return ... most of that is dividend increases.' Compared with the US S&P 500 and the Stoxx 600, the main stock market benchmark in Europe, the FTSE 100 is relatively cheap to buy. Dicorrado highlights the higher dividends and buyback yields offered by companies across the FTSE compared to the S&P 500 and the rest of the world. One of the ironies of this is that if UK companies remain cheap, they will offer greater returns as it will be cheaper for them to buy back their own stock, increasing the dividend returns and value of the stocks owned by their current shareholders. 'The cheaper a company can buy back its own stock, the more durable income compounds over time,' says Dicorrado. 'Actually, what you want is for the stocks to stay cheap but we also don't want the market to die. So let's try to find a middle ground.' Look under the bonnet and British companies are also humming along more efficiently than some of their global rivals, deploying their capital more effectively. For Farmbrough, the 'real watershed moment' for London's stock market came during the pandemic. Faced with the huge challenges of lockdown, working from home and disrupted supply chains, companies were forced to 'allocate capital much better'. This is illustrated by the improvement in return on invested capital, known as Roic, of FTSE All Share companies over the last 10 years. The metric measures how effectively a company uses the money it has invested to generate profits. Farmborough says: 'There was a real watershed moment in the pandemic particularly amongst the more commoditised industries, where they really woke up to allocating capital in a more accretive way. 'So we think this has been a structural and quite permanent change to the UK market and it has not been reflected in valuations whatsoever.'
