The company is applying “selective adjustments” to its prices, increasing by 2%, in order to “protect margins” as announced by its newly appointed CEO during the financial results press conference.
U.S. retail sales increased moderately in February as more expensive gasoline and food forced households to cut back spending on other goods like furniture, electronics and appliances.
Lifestyle fashion brand Crew clothing is targeting rapid physical store expansion with plans to open up to 12 new locations this year alone in Britain and Ireland.
Some shopping habits that developed during the pandemic have become firmly ingrained in consumers’ behaviour with a new study saying seven in 10 Britons are shopping more often on their mobile devices than pre-Covid.
The National Retail Federation on Tuesday said it expects retail sales in the U.S. to grow as much as 8% in 2022, with the national retail body adding that consumers are ready to spend and have the resources to do so.
UK retail is still far from business-as-usual. The latest footfall figures from the Ipsos Retail Traffic Index showed that the week to March 13’s non-food footfall was down 18.8% compared to the same week in 2019.
The French children's fashion brand launches Bonpoint Vintage, a resale website dedicated to second-hand products. The brand will act as an intermediary for the individual sellers that will be paid in vouchers.
H&M’s Swedish and German e-shops are trialling the sale of third-party brands, among them Lee, Wrangler, Fila, Superdry, Crocs and Eastpak. A full-scale test for a group that generates a third of its revenue online.
The highly anticipated physical arrival of American Eagle and Aerie brands in the UK has ended in disappointment. The US fashion brands were due to debut in London’s Carnaby shopping district in early December.
Britain on Tuesday said it would ban the export of luxury goods to Russia and impose new tariffs on 900 million pounds ($1.2 billion) worth of Russian imports, including vodka.
Ocado has unveiled a link-up for both foods and non-foods with Auchan Retail Poland to develop its online business using the Ocado Smart Platform. It’s the second Auchan business to link up with Ocado Solutions.
New Delhi-based independent streetwear brand Almost Gods is on the hunt for a UK store with the company targeting London as its first stop in Britain.
H&M Group reported its Q1 sales on Tuesday and it saw net sales in local currencies increasing by 18% in the period from December up to the end of February, on a year on year basis.
Celebrating its ten-year anniversary with a partnership with Irina Shayk, the brand is furthering its plans for an April launch in China while it pursues a robust distribution strategy in Europe and the US.
As widely flagged in recent weeks, Gap has returned to Oxford Street in London with a dedicated space having opened Monday in the Next flagship.
