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.
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…
Another day, another robot story. And more specifically, another Wal-Mart tech story. It seems the US retail giant is now working with Five Elements Robotics to develop a robotic shopping trolley. Five Elements is the company behind Budgee, the $1,400 “friendly robot that carries your stuff,” and its CEO Wendy Roberts mentioned the new project…
“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…
Now hang on just a minute. Only last week I published a report about UK retail that said May was a tough month but consumers were buying ‘big ticket’ items (you know, sofas, beds, washing machines etc). But they weren’t buying discretionary stuff like fashion. Then a report this morning seemed to confirm the tough…
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