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.
As retailers battle to attract consumer attention at a time when said consumers are reining-in their spending, it seems that shipping subscriptions could be key to unlocking their purses. For marketplaces, at least.
The global slowdown isn’t hitting every business. E-tail giant Amazon is to create 4,000 new jobs in the UK this year, bringing its workforce to 75,000, making it one of Britain’s biggest private employers.
Some much-needed good news for UK fashion (and beauty). While the cost-of-living crisis heats up and consumer slash their budgets, money spent on clothing, footwear and beauty is above pre-pandemic levels.
Shopping centres haven’t let the grass grow under their feet since lockdowns ended. In fact, collective investment across the UK sector jumped 170% in the first half of 2022 on the same period last year, new data shows.
UK consumers are feeling the strain with inflationary pressures plus economic uncertainty widening the gap between the haves and have-nots, a new report says. But they share a thrifty and eco-focused approach.
Richemont said on Friday that the latest quarter saw strength in Europe, Japan, the US and Middle East. But Asia Pacific was hit by Covid issues in China. It was similar to Burberry, which reported on the same day.
Burberry's Q1 trading update on Friday had both good news and bad as EMEIA's recovery continued impressively, but Mainland China was hit by Covid restrictions and the Americas stuggled against tough comaprisons.