UK shopper footfall delivered a mix of bad news and not quite so bad for February. The monthly report from the BRC/Springboard on Monday showed a 0.5% decline, which was better than the 1% drop seen this time last year.
Staff at luxury London department store Harrods are concerned that a new commission strategy could dent their take-home pay. Management is overhauling sales commissions and said rewards should be linked to performance.
High-end British department store Harvey Nichols will team up with online fashion retailer Farfetch to sell accessories and clothes through the platform as it looks to boost web sales, the companies said on Monday.
There was a modest reduction in UK consumer spending last month, according to card payment specialist Visa. It said Monday that spending fell 1.1%, which followed a 1.2% reduction in January, but fashion dropped 1.6%.
UK high street sales slid again in February and not even Valentine’s Day could rescue them. That’s the conclusion of the new high street sales tracker from BDO, which also showed low interest in fashion last month.
Lexicon Bracknell appears to be a success with the mall’s operator saying this week that visitor traffic has been higher than expected and a larger-than-average level of affluent consumers are shopping there.
The 60 store closures that New Look is planning to keep it from going under may not be enough to achieve that aim, analysts said this week, adding that the closures underline the weakness of its menswear strategy.
Chinese retailers are cashing in on International Women's Day, offering coupons and discounts on sportswear, cosmetics and healthcare to get women to spend more, dubbing the day "Queens' Day" and "Goddesses' Day".