Consumer spending on essential items grew in December by as much as 13.7% on a two-year basis, but clothing saw slower growth and department stores also lagged compared to supermarkets and discounters.
Online retail giant The Very Group had a good Christmas as fashion interest spiked, it said on Tuesday as it also announced the arrival of a new non-executive chair.
Specsavers profit more than doubled in the year to the end of February 2021 as it cut costs during the pandemic while sales fell only 6.6% to £2.73 billion. Sales had risen 5.8% in the previous year before Covid hit.
U.S. apparel retailer Abercrombie & Fitch on Monday updated its fourth-quarter and fiscal 2021 sales outlook, citing supply chain hurdles and the spread of the Omicron variant for lacklustre Holiday period sales.
Broomfield, Colorado-based footwear maker Crocs Inc. said on Monday that it now expects record 2021 revenues, including approximately 67 percent growth compared to 2020.
Vancouver-based athletic wear company Lululemon Athletica Inc. said on Monday that it is expecting Q4 net revenue to be on the low end of its predicted range.
This new year, Rent The Runway is taking on fast fashion and calling on the public to make green resolutions through a striking new campaign.
Designer JW Anderson has called off his planned Milan runway show for next weekend and will instead unveil his next menswear collection digitally.
On February 9-12 2022, the association of Istanbul-based apparel exporters (IHKIB) is staging, jointly with Istanbul Fashion Connection, a new trade show centred on Turkish fashion for men, women and children.
In North America, the US sport and lifestyle giant is generating 48% of its sales via direct retail. A model that is set to be adopted internationally too, and at an even faster clip, as Nike's digital activities boom.
MySale Group announced non-exec director Mark Bayliss has resigned with immediate effect. The fashion and lifestyle retailer linked his departure to the withdrawal of a proposed listing on the Australian Stock Exchange.
It will probably go down as one of the capital's most derided attractions. London’s Marble Arch Mound, the £6 million, 72 ft-high hill folly that claimed the job of Westminster council’s deputy leader, closed on Sunday.
A strong Golden Quarter was enjoyed by UK online fashion retailers, according to consumer experience platform True Fit. It described December's performance as “resilient”, though sales plummeted compared to November.
City centre retail destinations may not have actually been deserted in the latest week, but with advice to work from home still in force, footfall to those locations was down by a big percentage in the seven days.
London continued to be the shopping capital of Europe in 2021, according to a new report by BNP Paribas Real Estate, with Oxford Street, Regent Street and Covent Garden all scoring highly in terms of visitor numbers.
