It wasn’t only UK retailers that had a tough Christmas. In the US, retail giant Macy’s has announced almost 5,000 job cuts and almost 40 store closures so it can make savings of around $400m after the holiday season was, well… miserable.
Yesterday we heard how retail champion Next disappointed on Christmas trading. So what about can-do-no-wrong John Lewis? All I can say is “wow”. Actually that’s not all I can say, but you get the point. In one of the most difficult and volatile Christmas trading periods for years, the company really came through with no…
How much is the owner of Argos and Homebase worth? Around £1bn maybe. It turns out Home Retail Group rejected an unspecified offer from Sainsbury’s late last year and when that news was announced this morning, the shares surged to value it at a cool £1bn. So £1bn it is then. Sainsbury’s, which actually used to own…
OK, first the apology – this report has some pretty dry figures so don’t expect sexy factoids. Second the excuse – if we really want to see what’s happening in retail, then we need to look at such figures. And as the Christmas season is always a game-changer for the sector, then the figures become…
Topshop has bagged one of the world’s biggest models for its SS16 campaign. Yep, Karlie Kloss is its new face in a series of shots by Tyrone Lebon, styled by the retailer’s creative director, Kate Phelan. The campaign will feature in stores, advertising, online and social media worldwide.
Chilly temperatures added $200m in extra sales to US apparel retailers in the run-up to the New Year. Yippee. No, wait… quick calculation. In a country of nearly 323m people and some pretty hefty climate extremes, that’s a spend of less than 62 cents per person. Ouch! So what went wrong? A warm autumn +…
UK consumers are going to be in a mood to spend next year. Yippee. But wait, they’re not going to be spending much more on the goods I’m interested in – fashion and beauty. Ouch. Who says so? The KPMG/Ipsos retail think tank, that’s who. Despite the fact that we’ll all have more money to…
At last – some good news for Prada. The investment specialists at Morningstar.co.uk said today that the company still has a competitive advantage despite all of its recent woes. Morningstar’s conclusion is that it “shows high margins and returns on capital” and “possesses one of the most visible luxury brands in the world [with] long-term…
The holiday shopping season in the US was a success – of sorts – according to the latest figures from MasterCard SpendingPulse. Sales for November and December rose a better-than-expected 4.6% and sales between Black Friday and Christmas Eve surged 7.9%. Yippee. And the force was with fashion as well as furniture with MasterCard’s Sarah…
2015 was the year of the mobile wallet. But despite the fast take-up, the payment method didn’t quite take off in the way it should for 2016. However, the conditions are right for mobile wallets to really take flight this year. Mobile payments are set to expand fast over the next 12 months with Samsung…
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