Company AGMs are usually, well, boring. Occasionally they’re love-ins (when the company concerned is hugely successful). Occasionally they’re snipe-fests (when shareholders are moaning about executive pay like at BP or yet another disappointing year and “not enough simple classics” like at M&S). But at other times they actually turn into something worthwhile with a) interesting…
Consumers may be nervous at the moment but they’re not holding back from spending online. How so? Well, UK e-sales continued their upwards trajectory in the run-up to and after the Brexit vote to give a17% monthly rise, according to the IMRG Capgemini eRetail Sales Index.
Mango has released details of its latest monthly trend ‘campaign’ and also said that it will be upping its social media commitments with this particular launch. The retailer, which earlier this year, moved to a monthly trends model and away from a two-seasons one, has given details of the first of its four AW16 trend…
More figures about the state of UK retailing in June. More to get depressed about. Springboard has just released its June footfall figures and they show overall visitor traffic falling 2.8%. In detail, that meant a 3.7% drop to high streets, a 1% fall to retail parks and a 2.3% drop at shopping centres.
For someone who writes a lot about retail, I don’t go into stores to shop (rather than observe) that often. The global store that the internet has become is more my thing, which does little for my bank balance and my waistline, but is refreshingly low on human interaction But whether I’m shopping online or…
There’s been a general trend among retailers recently to try to wean consumers off discount prices. Sometimes that has meant offering “everyday low prices” or it might have been about add-ons to make us all happier to pay higher prices. Either way, discounts are bad for so many reasons: they hurt margins, they make shoppers…
It may not have the same ring about it as Christmas, Mother’s Day or even Black Friday but Amazon Prime Day (let’s call it APD) has turned into the biggest thing to hit summertime shopping in, well, ever. The digital spending extravaganza saw some analysts estimating that Amazon saw sales close to $1bn on Tuesday,…
Yesterday gave us more news on just what M&S plans to do to turn around its clothing offer and an interesting update it certainly was. CEO Steve Rowe said at the AGM that “We have been giving our customers too many reasons not to shop with us. They tell us we have not got the…
Asos may be powering ahead despite the Brexit vote, as its latest sales figures showed today. But it doesn’t look like many of its UK fashion retail peers are, or does it? No, according to the British Retail Consortium (BRC). That said, it’s still early days and contradictory figures seem to be emerging too with…
Good news from Asos today. The pureplay fashion e-tailer saw total sales rising 30%, or 26% currency-neutral to £514.6m in the four months to June 30, a slight acceleration from a still-enviable 25% currency-neutral rise in the 10 months to the end of June. Yippee.
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