There was a time when a retailer launched a limited edition collection with a big name designer, advertised it then watched it (hopefully) sell out. But this is a new age and social media is where it’s at so the process of letting people know about your hot new collaboration is so much more complicated.…
It’s weird in the UK at the moment. You can almost reach out and touch the overall feeling of doom and gloom with the only people who seem to be cheerful being a few Brexiteers (like Andrea Leadsom with that painted-on perma-grin of hers). But businesses and consumers aren’t convinced. Pessimists are being criticised by…
There may be a lot more occupying the front pages these days but an M&S sales report is always headline news. And today’s? Well, all I can say is ouch! Comparable sales in its clothing and home units fell 8.9% in the quarter to July 2, which is a big drop, a really big drop.…
The UK fashion sector has a whole shopping cart of problems ahead of it and Brexit is only one of them. But it has opportunities too and social media is one of them. New data from Kantar Worldpanel shows the market falling slightly (by 0.1%) in the 52 weeks to June 5.
Is this a handbag which I see before me, its handle towards my hand? Come, let me clutch thee. I have thee not, and yet I see thee still. Nah. Doesn’t quite work as a great soliloquy does it? Although it does sum up my feelings as I regularly pass the piles of lustworthy-but-unaffordable designer…
There’s been a lot of confusing data about UK retail sales in May but now the official figures are out and what do they show? Retail was in a good place in May and clothing retail was the reason. Shock, Horror. Really? We’re continuously told that retail is suffering at the moment and clothing retail…
“The prevailing sentiment across retailing is that the customer has less interest in shopping in stores, whether it be traditional department stores or other luxury specialty stores.” That’s what Neiman Marcus CEO Karen Katz said yesterday after delivering yet another quarterly drop in same-store sales and profits. That’s a sentiment many would echo at the…
It may be nuclear winter on the UK high street but some chains are still frolicking in the sunlit uplands. Ted Baker said today that revenue rose 11.3% (yes, you read that right) in the 19 weeks to June 11 with retail sales up 12.7% (or 10.3% when currency exchange volatility is factored-out). Wow.
We’ve heard some very downbeat assessments of May’s retail performance in the UK recently so what does the latest report bring? Well, the news is a bit better. According to specialist footfall tracker Springboard, overall footfall managed a 0.3% rise last month.
BDO’s monthly high street tracker is always an interesting read for anyone watching UK retail but this month it’s even more interesting because it’s bleak – very bleak. In a country with a strong economy, BDO has recorded yet another year-on-year drop in sales and is talking about a “financial winter” for stores.
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