United Kingdom
Footwear brand Heydude launched in the UK market
The Crocs-owned casual footwear brand Heydude launched in the UK last month as part of its international expansion strategy to increase global brand awareness
Next reports solid fiscal 2024
The UK-based fashion retailer reported a total sales growth of 5.9% year-on-year in its last fiscal year and a pre-tax profit that beat the expectations announced in January
Uncertainty for Ted Baker as UK and European arm goes into administration
The British fashion retailer is planning to appoint administrators, a spokesman for owner Authentic Brands Group confirmed on Tuesday. Hundreds of jobs are expected to be at risk
US market and handbags fuel growth for Kurt Geiger
The British footwear and accessories brand has reported strong annual results, driven by a successful international expansion strategy, particularly in the US, and “flourishing” handbag sales
UK Retail: challenging times may be ahead after disappointing fourth quarter in 2023
Retail sales of clothing and footwear disappointed in the last quarter of the year after a promising start on Black Friday. This is not particularly surprising given that prices in the category fell more slowly than overall prices and items remain relatively more expensive, making consumers more cautious in their choices. There are some long-term positive signs for retailers when it comes to consumer confidence, but there are likely to be some bumps in the road in the meantime
Farfetch CEO José Neves steps down
Following Farfetch’s acquisition by South Korea’s Coupang in December, José Neves, who founded the luxury e-commerce platform in 2008, is stepping down from the CEO role
Capri’s performance hit by weak consumer demand
The parent company of Versace, Michael Kors and Jimmy Choo continued its downward trend in the third quarter of fiscal 2024, mainly due to slower consumer demand in the Americas region
UK retail sales growth slow in January amid weak demand
UK retail sales slowed in January, rising by just 1.2%, against a growth of 4.2% in January 2023, the British Retail Consortium said, warning that the high cost of living is entering its third year
Dr. Martens third quarter revenue declines
Amid a challenging consumer environment, the iconic British footwear brand recorded an 18% year-over-year decline in sales on a constant currency basis in the third quarter of fiscal 2024
Farfetch shareholders join forces to oppose the takeover of Coupang
A group of Farfetch shareholders have come together to block South Korean e-commerce firm Coupang’s impending takeover of the luxury e-tailer, citing an untransparent sales process
Burberry warns on profits as luxury demand slows
The British luxury group has once again cut its profit guidance for fiscal 2024, following a period of weak sales in December. It also warned of tough times ahead for the luxury sector as demand wanes
Festive season fails to boost UK retail sales
UK retail sales rose by 1.7% in the five weeks to the end of December 2023, well below the 6.9% growth recorded in the same period in 2022. Low consumer confidence continues to curb spending
Trading update from JD Sports
The UK-based sports retailer has issued a trading update for the 22 weeks to the end of December that is “slightly behind” prior expectations due to weaker consumer demand
UK: modest rise in retail sales in November
According to the latest figures from the Office for National Statistics (ONS), retail sales in the UK were up by 1.3% in November, a slight upturn from a period of no growth in October
South Korean Coupang acquires Farfetch
The South Korean e-commerce giant has agreed to buy Farfetch in a bailout deal, providing the online luxury platform with 500 million USD in emergency funding. Deal to acquire a 47.5% stake in Yoox Net-a-Porter is off-
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