Fashion retailers and department stores have had a tough time so far in February with the latest Confederation of British Industry (CBI) poll showing weak sales at stores, even though online continued to rise strongly.
Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
UK fashion brands and retailers have a major global opportunity with a new report suggesting that international shoppers would be prepared to pay over 20% more for British goods and almost 10% more for UK-made fashion.
The outdoor footwear brand reported its fourth quarter and full year 2017 results this Tuesday, announcing mid-single digit growth in its retail and wholesale sales in Q4, as well as reductions in its debt over the year.
According to a report from Coresight Research, the e-commerce giant’s apparel offering has skyrocketed in popularity, with footwear and casual clothing proving to be the platform’s most popular categories.