Central London footfall may still be well down on pre-Covid levels, but an uptick is expected this summer with a new study suggesting consumers are keen to get back to the UK’s premier shopping district.
UK consumers may have rushed back to physical stores last month, but the reopening of non-essential shops in Britain didn't appear to send online spending's trajectory into reverse, despite speculation that it would.
Vinted is minted and is about to embark on a major growth initiative. The business, which claims to be the largest online C2C marketplace in secondhand fashion across Europe, has secured €250 million in new funding.
Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.
The company revealed that its board has unanimously approved its planned spin-off of the Victoria’s Secret brand on Tuesday and provided further details about the transaction, as well as preliminary Q1 financial results.
The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.
Be warned, consumer sustainability issues may be more important than you think. Over half of people in the UK (56%) are less likely to buy from organisations with a weak sustainability record, according to a new survey.