Luxury shopping in the post-Covid era is seen again as an exclusive gratification, a localised, digital and sensorial experience through authentic, high-added-value products, according to market research firm Ipsos.
Frasers Group is continuing its acquisition spree among distressed brands in the UK and while it’s reported to be interested in Debenhams, the company is also said to be looking at Jaeger, Austin Reed and Jacques Vert.
The Hut Group has rarely been out of the news in recent months and on Monday it made headlines again as it announced a third-quarter trading update that showed its business continues to go from strength to strength.
The iconic New York-based fashion group has teamed up with non-profit Parity.org and a group of industry peers, including PVH Corp. and Lacoste, to reveal a new roadmap for achieving gender parity in the fashion sector.
UK retail took a big hit on Friday with negative news that consumer confidence plummeted in October with GfK’s index delivering worsening figures ahead of what could be a dismal Christmas selling period.
Official UK retail sales figures on Friday showed a continuing increase as the Office for National Statistics said September’s retail sales volumes were up up 5.5% when compared with February's pre-pandemic level.