UK news and archive

UK high street sees worst half year in a decade

The high street has experienced the worst first half to a year in more than a decade, as sales dropped for a fifth consecutive month, according to the BDO High Street Sales Tracker. Retail sales fell 1.7 percent in June according to the Tracker, marking the first time in 12 years that in-store growth had not seen growth over 1 percent for six...

Retail

Walpole appeals to Brexit ministers on behalf of British luxury companies

Walpole, the official sector body for UK luxury, has made a statement to the media ahead of the Brexit cabinet meeting today. Walpole hopes the vocal support from its members presents an opportunity to urge ministers to put pragmatism and common sense ahead of ideology, to acknowledge that crashing out of the EU on WTO rules – a no-deal Brexit –...

Retail

Tom Ford rollouts e-commerce to the UK

London - US luxury fashion label Tom Ford has expanded its online store to the UK, marking the brand’s international e-commerce push. The new dedicated UK online platform is an extension of Tom Ford’s physical stores and offers the entire brands product categories, including women’s, men’s, ready-to-wear, accessories, eyewear and beauty. The...

Retail

Juicy Couture set to pull out of the UK market

London - Although Juicy Couture has seen somewhat of a revival recently, it seems as if parent company's Authentic Brands Group best efforts were not enough to keep the brand afloat in the UK. The fashion brand, best known for its bling velour tracksuits favoured by the likes of Paris Hilton over a decade ago, is set to pull out of the UK...

Retail

Guess aims to take underwear and beachwear global

London - US fashion retailer Guess has its sights set on strengthening its underwear and beachwear business arm through global expansion. The lifestyle company aims to penetration the market in what it perceives as "under-represented" areas in order to compete with the industry's larger market players. Although the brand has developed a strong...

RetailFeatured

Mastercard to launch 'selfie pay' in the UK

As consumers continue to embrace 'next generation of payments' whilst shopping online, Mastercard aims to launch its new facial recognition payment services, also known as 'selfie pay' in the UK. "As more choices are made available to them, the conversation has evolved and consumers seem to be fully embracing the next generation of payments"...

ManagementFeatured

The rise of the Danish fashion industry

The Danish fashion has never been bigger than it is now, producing revenues of nearly 42 billion Danish Krone (4.26 billion pounds) in 2015, the highest level to date, according to industry organisation Dansk Fashion and Textile. With the industry being driven primarily by exports, the organisation predicts this trend will continue over the next...

Retail

SuperGroup takes back control of Superdry products in the US

British fashion company SuperGroup has taken the first steps to strengthen its market position in the US, a move which is part of an overall plan to achieve "sustainable long-term growth." The group has ended its 30 year license given to the SDUSA LLC in 2008, its license partner in the US and taken control it of its Superdry product to expand...

Business|REPORT

Cato records 14 percent rise in January sales

The Cato Corporation has reported sales of 54.9 million dollars for the four weeks ended January 31, 2015, an increase of 14 percent from sales of 48.1 million dollars for the four weeks ended February 1, 2014. Same-store sales for the month increased 14 percent from last year. Sales for fiscal fourth quarter ended January 31, 2015 were 237.8...

Business|REPORT

Cato December sales up 6 percent

The Cato Corporation reported sales for the five weeks ended January 3, 2015 of 109.2 million dollars, a 9 percent increase from sales of 100.1 million dollars for the five weeks ended January 4, 2014. Same-store sales for the month increased 6 percent. Sales for the eleven months ended January 3, 2015 were 923 million dollars, a 7 percent...

Fashion |REPORT

UK shoppers are world's highest online spenders

The UK's online shoppers spend 50 percent more than any other country online, according to figures from Ofcom’s latest Communications Market Report. Britons spend 1,968 pounds a year shopping online, ahead of nearest rivals Australia’s 1,356 pounds and the US’s 1,171 pounds. French online consumers spend 918 pounds a year compared to Italy’s 218...

Business

Cato November sales increase 10 percent

REPORT_ The Cato Corporation said that sales for the four weeks ended November 29, 2014 were of 73.8 million dollars, a 10 percent increase over sales of 67.3 million dollars for the four week period ended November 30, 2013. Same-store sales for the month were up 7 percent to the prior year. Sales for the ten months ended November 29, 2014 were...