Year-on-year comparisons across the pandemic landscape can make interesting reading. That’s why UK online retail in 2021 recorded its worst-ever year for growth, but still managed a “rather good” performance.
There’s good progress when it comes to expanding, and then there’s Pepco progress. The pan-European variety value retailer said Thursday that store expansion “accelerated” in its first quarter to 31 December.
ASOS faced “challenging market conditions” in the last four months of 2021 yet still managed to post revenue growth, it said on Thursday as it also announced plans to list its shares on London's Main Market.
Demand for prestige beauty products in the UK continues to rocket and sales leapt 46% year-on-year in the last trading week to Christmas, The NPD Group’s latest figures show. Fragrance was the star gift performer.
JD Sports Fashion has enjoyed strong sales since late summer with total revenues for the 22 weeks to January 1 up 10%. It also upgraded its profit forecast for the full year after the good trading in H2 so far.
Some hefty cost-cutting and accelerated investment in digital ensured Shoe Zone’s tough financial year to 2 October was far from a disaster. With stores open just 36 weeks of the year, online came to the rescue.
Re-commerce start-up Responsible has raised €5.8 million to develop its “pioneering embedded finance platform” for the fashion industry. The funding was led by Barclays Sustainable Impact Capital and Techstart Ventures.