United Kingdom
Consumer confidence in the UK hits the lowest point in 2021
Consumer confidence in the UK has returned to pre-pandemic levels, but it has reached its lowest point in 2021 due to inflation and concern over supply chains and empty shelves
UK: online brands anticipate direct-to-consumer sales surge
According to a new survey, UK brands selling online are expecting a five-year surge in direct-to-consumer sales driven by the COVID-19 pandemic, which has caused them to invest in their own sales channels
ASOS CEO resigns as company issues profits warning
The fashion retailer announced the CEO’s resignation as it disclosed the final results for the fiscal year of 2021. Despite a strong performance, the company issued a profit warning due to supply chain disruptions and rising costs
UK: shopping patterns return to pre-pandemic levels
A report from Airtime Rewards reveals a strong return to pre-pandemic shopping patterns in the UK, as 3 in 5 consumers were reported to be shopping more than once in high street locations
A growing mode Capri will announce second quarter results in a month
The global fashion luxury group, owner of brands Michael Kors, Jimmy Choo and Versace, will disclose the results for the second quarter of the fiscal year 2022 on the 3rd of November
Hotter Shoes partners up with John Lewis
The British comfort footwear brand will sell its shoes through the department store group John Lewis from this month on. The collaboration is part of Hotter’s new partnership strategy
Burberry appoints new Chief Digital and Analytics Officer
CP Duggal has been appointed Chief Digital and Analytics Officer, effective from the 30th of September onwards. He will be responsible for driving Burberry’s digital agenda and leveraging data and analytics to support the company’s strategic ambitions
Farfetch publishes the 2020 ESG report
It is the first report published since the announcement of Farfetch’s 2030 sustainability goals, built on its Positively Farfetch strategy. The document highlights the environmental, social and governance initiatives taken so far, and its progress so far
Asos announces new 2030 ESG goals
The online retailer has disclosed its Fashion with Integrity (FWI) 2030 environmental, social and governance programme. It includes a commitment to achieve net-zero carbon emissions across the full-value chain by 2030
JD Sports raises full-year guidance
The UK-based retail group reported record profit before taxes and exceptional items of 439.5 million British pounds (515.1 million euros) in the first half of the fiscal year ended on the 31st of July. The figure registered is above pre-pandemic levels
JD Sports adds Bert Hoyt as Non-Exec Director
The retailer of sports, fashion and outdoor brands, announced Bert Hoyt has been appointed as a Non-Executive Director. Appointment is in place since the 8th of September 2021
Burberry reports growth acceleration
The luxury group announced comparable store sales with a strong rebound in the first quarter, rising by 90% in comparison to last year. Retail revenue reached 479 million British pounds (566 million euros)
Strong first quarter for Dr. Martens
Group revenue was up by 52% year on year. By channel, Dr. Martens saw recovery of its retail segment while ecommerce registered good growth against a very strong comparative and a strong wholesale performance. All regions saw good growth
Consumer confidence in the UK returns to pre-pandemic levels
The latest quarterly consumer tracker by Deloitte reported the highest consumer confidence since the end of 2019. Results are attributed to Governmental measures and success of the vaccination process
UK: 17 000 new high street stores could open
New research by Barclays Corporate Banking disclosed that thousands of local high street stores could open across the UK in the next 12 months as consumers adapt to a post-lockdown and are more focused on local shopping-
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