Fashion was a major contributor to rising consumer spending in May, two reports showed on Tuesday. Both Barclaycard and the BRC/KPMG sales monitor showed that British shoppers were in the mood to update their wardrobes.
UK high streets basked in the warmth of consumer popularity last week, latest figures from Springboard show. Indeed good weather, a bank holiday and school breaks saw footfall across all retail destinations rise 11.6%.
A gruelling year for physical retail comes into stark focus with news that up to 70 of 700 UK shopping centres could be set for demolition. Even more ageing centres are in line for redevelopment, a report shows.
Salvatore Ferragamo is in negotiations with fragrance group Interparfums, which produces perfumes for brands including Coach and Jimmy Choo, about a licensing deal for the development of its own fragrances.
Here’s one piece of positive tech for retail. Grosvenor Europe and technology firm MeltSpot have developed a digital tool to track the behaviour of visitors in shopping centres to identify areas of congestion.
Icon Outlet at the O2 now has an "interactive experience designed for capturing content to post on Instagram and TikTok”.The opening of Tikky Town underlines the importance of extra experiences for shopping malls.
How’s this for an eye-watering uptake? Research shows 50% of all shoppers in the UK and the US will be participating in Amazon’s Prime Day (21-22 June). And fashion and beauty are topping the list of proposed purchases.