Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.
With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.
There’s been speculation for some time and it’s finally been confirmed — e-tail giant THG has ended its deal with Japan’s Softbank and the latter’s massive investment in THG’s Ingenuity arm won’t now go ahead.
Can UK consumer confidence get any worse? Not at the moment, it seems, as the long-running GfK Index took a breather this month, remaining flat with at a reading of -41. But for “flat” read still “severely depressed”.
With Frasers Group riding high on “robust trading” after a “record-breaking year” don’t expect the business to rest on its laurels.The Flannels and Sports Direct owner wants to buy more businesses and open more stores.
It's no surprise that the heatwave in recent days deterred UK consumers from shopping in physical locations, but they clearly felt too hot to shop overall as they also cut back on their online purchases.
It had to happen at some point. Despite overall sluggish retail sales, clothing has been relatively strong this year. But the latest official UK figures showed that June was a weak month for the fashion sector.
Deep in transition mode, Brand Architekts Group has suffered an untimely dip in sales and earnings, the challenger British beauty business admitted Thursday. Group sales for the year are expected to be down 11%.
A big appointment in the numbers department at Primark. The Associated British Foods-owned fashion and lifestyle retail giant announced Thursday it has appointed M&S CFO Eoin Tonge as its next Finance Director.
Frasers Group's latest results showed “robust trading and strong strategic progress on the Elevation Strategy”, with Flannels buoyant, House of Fraser improving and a focus on European expansion, as well as the UK.
A free pop-up store in London’s Soho for AW22 is up for grabs in a competition being run by Shaftesbury and aimed at “budding UK brands with sustainability credentials” in fashion and beauty and other categories.