Plans to make Oxford Street traffic-free are progressing as a public consultation revealed strong support from the public. 62% of respondents said they support the proposal, but there are still several issues to address.
UK retail sales looked superficially strong in September but the British Retail Consortium said that consumers were buying necessities - from food to winter coats - and also facing higher fashion prices.
An e-commerce super-surge, higher womenswear sales, UK and European strength and a boost for US wholesale (despite that country's retail woes) have all helped drive Ted Baker to another set of powerful results.
IKEA reported full-year earnings of EUR 34.1 billion, and plans to test “open-source” design and full-range town-center showrooms as part of its efforts to adapt to rapidly changing consumer shopping habits.
Pricewaterhouse Coopers (PwC) has released its 2017 Holiday Outlook which reinforces the need for strong experiential marketing and contains good news for retailers, revealing Gen Z shoppers will be in store this year.
The British Retail Consortium (BRC) has warned of significant inflation ahead due to Brexit uncertainty affecting workers from EU countries. And it has also said there could be major staffing problems on the horizon.
German sport fashion retailer and buying group Sport 2000 International is linking up with Spanish retailer Base Group in a deal that will mean pooling procurement capacities and launching joint marketing campaigns.
UK consumer spending dropped last month with physical stores suffering while e-tail rose. The fashion sector suffered more than most, despite new-in autumn lines, but jewellery, hair and beauty were more buoyant.