UK retailers will see a much-needed spending boost in the three weekends before Christmas as new data from ParcelHero reveals 23% of Britons have left it until December to start shopping in store and online.
Jewellery is a booming, sought-after sector, as shown by LVMH’s recent bid for Tiffany & Co. FashionNetwork looks into the advantages and potential of an industry still little-known and underexploited by luxury groups.
UK consumers are split on the virtues of Black Friday but will still spend more this year. And while electricals remains the key category, clothing is a big spending area both for Britons and in Europe.
Despite the good intentions of both companies and consumers, the luxury industry is struggling to adopt truly sustainable practices, except via the circular economy, as illustrated by the Pambianco Summit debate.
Investors seem to approve of Mothercare throwing in the towel with its UK retail operation, despite the large loss of jobs that it will involve, suggesting that they believe the company can thrive without those stores.
The crisis on the UK’s high streets is accelerating with the number of shops that are empty (as well as pubs and restaurants that also help attract shoppers to an area) rising faster than it has for around a decade.