Last year was challenging for retailers, with numerous profit warnings, store closures and job losses. Familiar high street names such as Toys R Us disappeared completely, with many blaming online shopping for the decline.
Tamara Mellon, co-founder and chief creative officer for the Tamara Mellon Brand, said that, “nobody will build the next billion dollar business how I built Jimmy Choo”. Speaking at the annual Fortune Most Powerful Women International Summit in London, she explainedthat
As Black Friday heralds the beginning of the annual Christmas shopping rush, data from Worldpay reveals Britain’s department stores – the flagships of British retail – can expect to double their takings this weekend, with stores in the North of England set to benefit
John Lewis will extend its ecommerce lead in 2014 as the UK online department store market frontrunner, according to Verdict’s Department Store Retailing in the UK report. The retailer’s multi-channel proposition has propelled growth, and with Verdict forecasting the online
High street sales were flat in the year to November, disappointing retailers’ expectations for the second consecutive month, the CBI said. Department stores, grocers and clothing shops were some of the worst hit, whereas hardware & DIY performed very strongly,
Consumer spending in the UK continued its positive momentum in August 2013, according to Barclaycard’s monthly analysis of UK spending. Barclaycard, which processes nearly half of all credit and debit card transactions in the UK, said spending grew 4.4% year-on-year in
Consumer spending in the UK continued to grow strongly in July 2013, according to Barclaycard’s monthly analysis of UK spending. Total spending for the month was up 4.8% on the same month last year, driven by spending on groceries, petrol
Retail sales saw the first rise in five months in the year to July 2013, according to the CBI’s latest monthly Distributive Trades Survey. The survey of 60 retailers saw year-on-year high street sales this month grow at a stronger
Improving weather has had a positive impact on retailers and total spend growth, compared to April last year, was up 3.6%, according to new Barclaycard spending data. After a slow start in April, consumer spending improved along with the
Retailers have received a double blow to early April spending from the usual post-Easter slowdown and from the unseasonably cold weather, according to spending data from Barclaycard. Combined, it found these created a 4.8% decrease in overall spending compared to
Department stores are flourishing in China despite increasing competition from other formats and channels, according to new research from Mintel. Reflecting the increased wealth of Chinese consumers, and the increased disposable income this has brought with it, Mintel’s research reveals
Department store websites are increasingly popular with fashion-conscious consumers preparing for the festive season, the latest Kantar Media Compete Seasonal Shopper Insights reveals. Released today, the research shows in the run-up to Christmas, department stores saw a 9% increase in
ShopStyle.co.uk, an online fashion retailer launched in the UK in 2008, is adding the ranges offered by top US department stores – Barneys New York, Bloomingdale’s, Nordstrom and Saks Fifth Avenue – to its site. The introduction of international retailers
