OK, first question: Did UK shoppers hit the stores in January? Yes! That was the resounding answer from the latest footfall stats released today by the British Retail Consortium and Springboard. In fact, footfall rose 1.2% year-on-year. It may be a small number in universal terms but in terms of store footfall it was big……
China is trying to turn itself from a classic industry-based emerging market into a consumer-led one. Is it succeeding? The latest retail spending figures for China’s big New Year spring festival, which is as much about shopping as anything else these days, suggest it is. And the world is breathing a sigh of relief.
We may have seen nearly two decades in which denim has been a key fashion product category but we’ve also seen a similar period in which jeans giant Levi-Strauss has struggled. So are Levi’s fortunes still heading in the opposite direction to the denim sector itself? Hmmm. It would appear so on the surface. But maybe…
Can’t wait for Nordstrom to open in New York City? Well the retailer has given us a sneak preview of what its store will look like. Covering four properties in the Columbus Circle neighbourhood of Manhattan along Broadway between West 57th and West 58th Streets, the 363,000 sq ft store should open in 2019.
The world may be getting economic jitters generally but US consumers are going to keep on spending. That’s the option of The National Retail Federation, which released its 2016 economic forecast late yesterday. But the good news comes with a sting as the increase won’t necessarily be about individuals spending more. Instead, falling unemployment means…
New Look had a tough Christmas trading period (didn’t almost everyone?) but it doesn’t seem to be worried. The company said sales grew 5.6% in the nine months to December 26 as its standalone menswear stores proved to be a hit and its web sales surged. Comparable sales rose 4.5%, with a 4.3% rise in…
We had the first hint of good news around new-season fashion retail today as John Lewis (now giving its weekly update on Tuesdays rather than Fridays) said its sales rose 2.5% in the seven days to February 6. Fashion sales rose 4.4% within that figure with “some encouraging reaction to new season ranges”, according to John…
It’s that time of the month again, you know when loads of general retail sales reports come out and (hopefully) paint us a picture of what’s happening out there. Yesterday it was Visa Europe and BDO. Today it’s the British Retail Consortium and KPMG. And the story? Like those other reports, the BRC/KPMG stats showed…
It’s a funny thing about Gap Inc but it’s one company that has always shown itself able to make a profit, however tough it finds sales growth. I’ve been following this company’s results for 17 years now and the sales picture has been bad for most of that time. But in reporting its January and…
Share prices may be tanking globally and department store shares are suffering. But Nordstrom’s shares rose nearly 6% yesterday after it unveiled a new collection with Olivia Palermo and a new ad campaign. Its exclusive Olivia Palermo + Chelsea28 collection features 32 different separates with roots in American sportswear staples, as well as dresses. Nordstrom…
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