M&S made its first-ever loss -- as expected -- in the first half as clothing sales fell. But it highlighted its online leap and how it has speeded up its transformation drive to become a more digital retailer.
The British Fashion Council, UK fashion’s governing body, announced on Thursday the dates of the next three editions of London Fashion Week, even as it revealed that there would be no January menswear season in 2021.
Online sales are set to overtake physical retail for the first time this Christmas, according to a new prediction from delivery specialist ParcelHero. The company said Britons should spend £39.41bn online this time.
Next had a strong Q3 with full-price sales up 2.8% and total sales up 1.4%. That may seem tame by normal standards, but in the wake of the pandemic, it shows it to be one of the winners in hard-hit UK fashion retail.
Luxe label Canali has opened its new flagship on the corner of New Bond Street and Brook Street. The opening coincides with its 85th anniversary with Canali saying it “marks an exciting new chapter for the brand”.
UK retail took a big hit on Friday with negative news that consumer confidence plummeted in October with GfK’s index delivering worsening figures ahead of what could be a dismal Christmas selling period.
A group of big names in premium and luxury retail have joined the chorus of British businesses pleading with the government to reverse its decision to axe tax-free shopping for tourists in its current form.
As he slammed the UK’s decision to end tax-free shopping for tourists in its current form, the boss of footwear and accessories retailer Kurt Geiger has suggested that the firm could be forced to axe 600 jobs.