United Kingdom
2020: UK consumer spending to fall by nearly 200 billion British pounds
Total UK consumer spending is expected to fall by 183.6 billion British pounds (14.9%) this year due to the COVID-19 according to new research from Mintel's British Lifestyles report. This equates to a drop in spending of around 6 600 British pounds per household
Burberry with growth in leather goods category
The UK-based luxury brand has announced a decline of 31% in revenue for the first semester of the current fiscal year. Despite that, Burberry is pleased with the year-on-year growth registered in the leather goods category
Imports of footwear with a dark picture in the first semester
The most recent statistics for footwear trade in 2020 show a very dark, albeit expected, picture. In the first semester of the year, footwear imports fell in almost every country
Capri reports revenue and earnings above expectations
The global fashion luxury group announced its financial results for the second quarter of fiscal 2021. John D. Idol, the Company’s Chairman and Chief Executive Officer, said revenue and earnings surpass the company's expectations
UK: Calls on customers to start Christmas shopping earlier
The British Retail Consortium (BRC) launched a new national advertising campaign calling on the public to start their Christmas shopping earlier to help spread demand during what is traditionally the busiest shopping time of the year
Speedo appoints new Global Brand Director
Pentland Brands, the group owning Speedo, has appointed Kev McFadyen as the new Global Brand Director for the brand known for being a key player in swimming accessories
Kurt Geiger plans 500 job cuts as UK's intends to end tax-free shopping
The luxury footwear and accessories retailer plans to cut 500 jobs, a quarter of its workforce, early next year after the British government announced that it plans to abolish tax-free shopping by the end of the current year
COVID-19 intensifies Mulberry's losses
The UK-based handbag and accessories retailer has been hit particularly hard by COVID-19. When announcing last year's results, Mulberry confirmed a 10% decline in revenue
Clarks to close 50 stores
Clarks is expected to go ahead with a Company Voluntary Arrangement (CVA) which can result in the closure of several of its shops in order to secure a capital injection from Hong Kong-based private equity firm LionRock, Sky News reported
Nicolas Kirkwood to become independent from LVMH
The British-based footwear designer and the French luxury conglomerate LVMH will go separate paths going forward. LVMH acquired the Nicolas Kirkwood label in 2013
Pentland Brands promotes Chirag Patel to CEO and makes executive team changes
Pentland Brands Limited announced changes to its executive team. The changes include Chirag Patel becoming Chief Executive Officer, having previously served as Deputy Chief Executive Officer
Capri appoints Hannah Colman as Jimmy Choo CEO
Company veteran Hannah Colman has been nominated as Jimmy Coo's new CEO. She started at the brand 24 years ago, as store manager at the brand's first boutique, in London
Capri with revenue down by 66.5%
The UK-based group owner of Versace, Jimmy Choo and Michael Kors has announced first quarter results with a decline in revenue of 66.5%. CEP expects company to be back on growth trajectory in fiscal 2022
DW Sports chain goes into administration
The UK-based chain of gyms and sports retail has confirmed it will enter administration. At risk are 1 700 jobs. Company BDO has been nominated Administrator
Board appointment at Shoe Zone
The England-based footwear retailer Shoe Zone PLC announced it has appointed Peter Foot to the Board of Shoe Zone as Finance Director-
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