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.
Lacoste, then Hermès and now… Uniqlo. Maybe a few years ago that wouldn’t have been a great career path but Uniqlo has much-deserved ambitions to become the global number one and Christophe Lemaire is one of the best of a clutch designers who really know how to combine fashion with the ultra casual and commercial.
Amazon is gong to spend even more money on growing its business in India, the company’s CEO Jeff Bezos has announced. That’s no surprise given that India is its fastest growth market.
Online sales growth used to be huge with 20% or 30%-plus figures appearing regularly. But while it’s understandably slowed down as the sector has got bigger, that doesn’t stop some pretty spectacular headlines still appearing. And this one really made me sit up: Surveyed shoppers made 51% of their purchases on the web.
There was one particularly interesting bit about New Look’s results announcement yesterday (ok two, given that it’s expanding even further with menswear-only stores and had some stuff to say about Brexit). The thing that really made me sit up was what it said about global trends and social media.
Will Primark succeed in the US long-term? And what effect will that success have on the wider US fashion retail sector? Those are two questions that spring to mind having seen a report from MarketWatch (based on a Morgan Stanley pricing survey) that says US clothing retailer prices are more than triple Primark’s and the…
Internet shopping may be the future but it comes loaded with problems. There’s the issue of costs to retailers, which are high – especially if customers return too many goods. And that happens a lot with a recent BBC report highlighting that we’re all serial returners, especially when it comes to womenswear. There’s the issue…
Apple Pay is struggling to gain traction outside of the US market, according to research specialist Timetric. The service launched in the US 18 months ago and has proved relatively strong there with most of its total usage of $10.9bn last year coming from Apple’s domestic market.
If you’re in London in the next few days, get down to Carnaby Street because there’s an interesting new store opening today. True Religion, the premium Californian jeans brand is launching its first international flagship at the same time as unveiling a new UK e-commerce site.
What on earth is going on with consumers and retail at the moment? In the US and UK, and many parts of Europe, we’re a long way from the recession, unemployment is lower and salaries are rising. It may not be some golden age in which we’re all skipping around feeling rich. But in circumstances…
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