Fashion
G-III raises earning outlook
DKNY and Karl Lagerfeld parent G-III Q3 sales were down 1% to $1.07bn with income up to $127.6m and has raised its outlook for FY23 net sales to $3.15bn and income between $175-180m. DKNY and […]
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Fashion
Oxfam urges consumers to avoid ‘throwaway festive fashion’ and buy second-hand
Research from Oxfam suggests that a quarter (26%) of consumers plan to buy novelty clothing for Christmas this year that they will barely wear. British shoppers are being urged to buy second-hand festive clothing amid […]
Fashion
Gymshark plans accelerated global growth
Gymshark has selected Google Cloud to support the next phase of its digital growth. Gymshark will use Google Cloud’s technology to enhance its data analytics capabilities, improve customer experiences, and drive innovation and growth with […]
Fashion
Next is understood to be close to securing a £100m takeover deal for FatFace.
It appears that Next is on the verge of finalising a £100 million takeover deal for the fashion retailer FatFace. Sky News has reported that the negotiations are in their concluding stages, marking a swift […]
Drink
M&S slashes prices on 200 products
M&S Food is cutting the prices of over 200 products by an average of 11% as part of its promise to deliver trusted value for its 30 million customers. The new M&S Food price cuts […]
News
Klarna taps AI for human shopping experience in major autumn launch
Buy now pay later brand Klarna has unveiled 13 new products as part of its Spotlight Fall launch including a raft of new AI based tools based on research from May this year, Klarna released […]
News
Amazon staff set to receive pay rise of at least £1 an hour
Amazon says the increase represents a £170m investment in pay, with minimum starting pay rising by 20% in two years. Online giant Amazon has announced a pay rise for its staff of at least £1 […]
News
September sees slow sales growth
BRC retail sales figures for the week ending 30 September show total UK retail sales increased by 2.7% in September, up from 2.2% in September 2022. This was in line with the 3-month average growth […]
News
GMB figures show more than 420,000 retail jobs lost since 2010
More than 420,000 traditional retail jobs have been lost since 2010, sparking fears that the high street may be in ‘terminal decline’. New GMB analysis shows that 420,242 traditional retail jobs have gone – a […]
News
UK footfall drops 2.9% in Sept 2023
Data from the British Retail Consortium (BRC)-Sensormatic IQ shows total footfall across the UK experienced a year-on-year (YoY) decrease of 2.9% in September, which is a downturn from the 1.6% decrease observed in August. Specific […]