Sephora is boosting its digital business. After buying UK e-tailer Feelunique and landing on Zalando, the prestige perfumery chain has appointed Marc Abergel to the newly created post of global chief digital officer.
With prices and inflation rising, Deloitte’s new Consumer Confidence Index for Q4 2021 wasn’t going to be a positive read. And don’t expect the upcoming Q1 reading to improve with rising interest rates factored in.
After nearly 20 years with the Italian fashion group that owns among others Moschino, Tassinari is stepping down, to be replaced ad interim by CEO Simone Badioli. Aeffe will also set up a steering committee.
It’s no surprise that another UK consumer confidence indicator (released Monday) was negative and the outlook for Christmas spending's weak as prices rise. But at least it wasn't as bleak as Friday's assessment by GfK.
Two pieces of good news for Monday. Consumers are now the most eager they’ve been to spend in 13 years, and consumer confidence is at its strongest since the end of 2019. That’s according to PwC and Deloitte surveys.
Taxpayers will take a major hit following the demise of the Arcadia Group, the UK fashion group that fell into administration last year. And just £30 million will be shared by heavily-out-of-pocket unsecured creditors.