Sourcing platform RangeMe has launched in the UK. It offers retailers instant access to over 200,000 suppliers and more than 750,000 products from around the world, with beauty being one of its big categories.
Online sales in the UK fell 9.1% year-on-year last month, although this was against a 61% increase in May 2020. And even with the fall, spend remain strong with sales volumes rising 46% compared to May 2019.
Inditex bounced back with a vengeance in Q1 with the Spanish fashion retail giant reporting higher profits and saying its sales grew 50% year-on-year. Sales in Q2 so far have also exceeded those of Q2 2019.
Fashion was a major contributor to rising consumer spending in May, two reports showed on Tuesday. Both Barclaycard and the BRC/KPMG sales monitor showed that British shoppers were in the mood to update their wardrobes.
UK high streets basked in the warmth of consumer popularity last week, latest figures from Springboard show. Indeed good weather, a bank holiday and school breaks saw footfall across all retail destinations rise 11.6%.
A gruelling year for physical retail comes into stark focus with news that up to 70 of 700 UK shopping centres could be set for demolition. Even more ageing centres are in line for redevelopment, a report shows.
Salvatore Ferragamo is in negotiations with fragrance group Interparfums, which produces perfumes for brands including Coach and Jimmy Choo, about a licensing deal for the development of its own fragrances.
Here’s one piece of positive tech for retail. Grosvenor Europe and technology firm MeltSpot have developed a digital tool to track the behaviour of visitors in shopping centres to identify areas of congestion.
Icon Outlet at the O2 now has an "interactive experience designed for capturing content to post on Instagram and TikTok”.The opening of Tikky Town underlines the importance of extra experiences for shopping malls.