The British fashion market has returned to growth after consecutive months of decline dating back to June 2016, at around the time of the Brexit vote. According to the latest figures from Kantar Worldpanel, the UK fashion retail sector saw growth of 0.2 per cent in the full year period ending September 24. READ MORE: September’s retail sales plummet as inflation looms The increase in sales was worth only £66 million, but Kantar predicts it will continue improving as the Christmas shopping season approaches.
Whether they're shopping early, late or all the time, there's a strategy to approaching each segment — and marketers should read up.
One of the biggest events on the retail calendar is taking place in Copenhagen this week, where 225 of the world’s biggest and most influential retailers take to the stage to give their take on the world of retail.
U.S. teen spending is down 4 percent compared with this time last year, according to a Piper Jaffray survey.
Topps Tiles has seen sales dip over the last year, dragging down its profit expectations as it takes a “prudent view” of market conditions. In the 52 weeks to September 30, revenues are expected to come in the region of £211.6 million, down 1.58 per cent from £215 million in 2016.
Marks & Spencer has confirmed rumours that it plans to close down its store in Covent Gardens, London. According to Retail Week , an M&S spokeswoman said: “We’re in discussions with the landlord about our Covent Garden store. It is our intention to close the store next year.” The high street chain has reportedly served notice to landlord The Mercers Company that it is exiting the central London location
“There’s a hell of a lot of change, I mean this is the most transformational period in retail full stop.” The death of the high street has been predicted as many times as people have predicted armageddon, but Alex Schlagman is the polar opposite of a doomsday preacher.
Marks & Spencer has launched a trial of a one-hour-delivery service on selected products as it moves to enhance its food and grocery offering.
Swedish fashion retailer Arket has confirmed that tomorrow will be the official opening date of its second London store, less than a month after it made its UK debut. The second store for the fashion retailer, which is a new concept from Stockholm-based H&M Group, will be located in Covent Garden at 27-29 Long Acre.
In 2016, total Halloween spending hit $8.4 billion, another record at the time.