News this week that Boohoo had a very good final few months of 2019 was significant for more than one reason. As well as showing the firm’s overall strength, it sent its share price — and its overall value — soaring.
Asos is testing See My Fit, an augmented reality tool developed with Zeekit that gives shoppers a “simulated view of a product in different sizes and on different body types”. It's the first European retailer to use it.
If anyone thought the athleisure trend might be fading, they couldn't have been more wrong. Lyst said Friday that 2019 saw soaring searches while 2020's New Year's resolutions have boosted demand further.
The shift in consumer focus from physical stores to online shopping was underlined this week on news of a £51.4m deal to transform a London retail park into a logistics hub with warehousing for online businesses.
Online retailers are not immune to the devastation that is happening in UK retail at the moment and a new study said that more than 9,000 online retailers are suffering from significant financial distress.
More and more fashion retailers are adding buy now, pay later options and some of those that have them already are extending the flexibility they offer as they do all they can to encourage consumers to spend online.