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UK consumer confidence suffers from the January blues, outlook dips

UK consumer confidence suffers from the January blues, outlook dips

‘Vaccination no shot in the arm for UK consumer confidence’ is Friday’s telling headline from GfK’s economic reading for January that reflects a less optimistic view from a population stuck in winter lockdown.
Fashion
Fashion sales rose in December but 2020 a disaster, NWEC urges more support

Fashion sales rose in December but 2020 a disaster, NWEC urges more support

December’s official retail sales on Friday drew a line under what was a disastrous year for retailing and especially for fashion, although the month itself was relatively buoyant in the circumstances.
Fashion
John Lewis raises profit guidance, repays government Covid loan early

John Lewis raises profit guidance, repays government Covid loan early

​John Lewis Partnership said Friday that trading during the peak shopping season, which included Black Friday and the Christmas period, “held up better than anticipated”. 
Fashion
UK cross-border e-tail sales strong in 2020 says Global-e

UK cross-border e-tail sales strong in 2020 says Global-e

​The UK’s outbound cross-border e-commerce rose as much as 57% last year and the peak festive trading month, November, saw an increase of 42% year-on-year as well.
Fashion
Selfridges gets through 2020 in good shape, pre-pandemic sales rose

Selfridges gets through 2020 in good shape, pre-pandemic sales rose

​Selfridges weathered the 2020 storm, despite enduring the toughest retail year in decades. That’s according to company chief Anne Pitcher who admitted that it was the “most difficult” period in its 113 years.
Luxury
White Stuff reviews property portfolio as lockdown continues

White Stuff reviews property portfolio as lockdown continues

​White Stuff has become the latest UK retailer to launch a review of its store portfolio with PHD Property looking at its 115 UK shops, which are currently shut due to the latest lockdown.
Fashion
Richemont sales edge up, but fashion struggles while jewellery surges

Richemont sales edge up, but fashion struggles while jewellery surges

​Richemont’s third quarter — the all-important three months to the end of December — saw sales rising only 1%, although currency-neutral, they were up a healthier 5%, despite the “continuously volatile environment”.
Fashion
Burberry sales fall again due to Covid but full-price and Asia are strong

Burberry sales fall again due to Covid but full-price and Asia are strong

​Burberry saw another round of retail sales falls in Q3, with Europe and the Americas still being hit hard. But it said China, Korea, leathergoods, outerwear and full-price sales all headed in the right direction.
Fashion
Hammerson hammered: enforced store closures hit rent collections

Hammerson hammered: enforced store closures hit rent collections

The knock-on effect of the pandemic on its tenants has hit commercial property giant Hammerson - which owns the Bullring among other major malls - pretty hard.
Fashion
Tmall Global adds extra support for new sellers targeting China

Tmall Global adds extra support for new sellers targeting China

​Alibaba Group’s cross-border business-to-consumer marketplace Tmall Global has increased its support for international brands, unveiling a new suite of solutions at the 2021 Tmall Global New Seller Virtual Summit.
Fashion
Wolf & Badger powered ahead in 2020, as international sales surged

Wolf & Badger powered ahead in 2020, as international sales surged

​Multichannel retailer Wolf & badger saw a strong rise in global sales last year, despite the closure of its King’s Cross flagship in London and its New York City location during lockdowns.
Fashion
​UK footfall down, but rate slows in second lockdown week - Springboard

​UK footfall down, but rate slows in second lockdown week - Springboard

Footfall across all UK retail destinations last week continued to make tough reading as the ongoing country-wide lockdown still depresses and frustrates in equal measures.
Fashion
Matalan sales stumble over Christmas period

Matalan sales stumble over Christmas period

​Matalan endured a sales drop during the festive selling season as its online revenues were unable to make up for shuttered physical shops.
Fashion
Owners mulls float for buoyant Very Group - report

Owners mulls float for buoyant Very Group - report

​Online retail giant Very Group could be the next big name in line for an IPO with a report that its owners, who also own the Telegraph newspaper, are exploring the potential of a £3 billion+ stock market float.
Fashion
Seasalt's digital focus boosts sales as customers buy cosy, at-home clothing

Seasalt's digital focus boosts sales as customers buy cosy, at-home clothing

​Seasalt saw its sales jumping during the festive season even though it endured a 44% fall in sales through physical shops. Fortunately, its webstore easily made up for the shortfall with a 95% increase. 
Fashion
Mango to diversify by launching homeware line

Mango to diversify by launching homeware line

The Spanish fashion retailer is adapting to the new normal of lockdowns and remote working, and is set to extend its product range into the home linen and home decoration categories in Q2.
Lifestyle