Womenswear retailer Jacques Vert today warned of tougher conditions on the high street as it reported a slowdown in sales growth.

Leading fashion chain Oasis' summer sale was on ice today while its owner held out for some of the business lost to poor weather earlier in the year.

The owner of the Oasis and Karen Millen brands rued the lack of a “must-have” fashion look today as it reported sluggish sales in the year so far.

Clothing retailer Jacques Vert today said annual losses widened after restructuring linked to a company-transforming acquisition hit its results.

Baugur, the Icelandic investment company said yesterday that it was looking for further acquisitions after paying £152m (€217.53m) for fashion chain Oasis.