Boux Avenue, the lingerie retailer has called in Deloitte to conduct a strategic review of the business. The retailer currently has around thirty stores throughout the UK and are currently being faced with the mounting pressure of spiraling rents and bills, like many of the high street retailers.
Last month, Theo Paphitis Retail Group recorded tough trading for Boux Avenue as overall like-for-like sales declined by 1.3 per cent during the six weeks to December 24. Many factors could have played their part in this predicament for Boux Avenue, ranging from the weather, online competition and Brexit.
