Some consumers are finding it hard to stay at home. It seems footfall across all UK retail destinations rose last week, despite lockdown restrictions and the onset of winter weather in many parts of the country.
Retailers and brands have been including a lot more photos from real people on their social channels and websites in recent periods and it seems that this is a good move as a new study shows that shoppers like this.
This won't come as a surprise to many people but 2020 was the year that annual footfall dropped to its lowest level ever recorded. It was down 39.1% in the UK as the pandemic changed the retail industry forever.
Boohoo on Monday confirmed that it has bought the Debenhams brand for £55m. It will use it to move into beauty and homewares, extend its own brand offering, operate a giant online marketplace and grow internationally.
The Milan Fashion Week ended on a note both optimistic and a tad zany, the collections by Dima Leu, Magliano, A-Cold-Wall*, JieDa and Les Hommes swinging between chic minimalism and cheerful creativity.
‘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.
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.
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”.