Highlights
UK Retail: fashion retail grows, but caution persists
Sales in the UK’s textile, clothing, and footwear (TCF) sector recovered in 2025, exceeding total retail figures despite periods of volatility. However, this recovery was driven more by increased transaction volumes than by higher consumer spending, with expenditure on footwear remaining largely unchanged and prices declining amid persistent discounts. At the same time, volatile yet growing online sales and increasingly responsive import patterns suggest that the sector is trying to adapt quickly to uncertain demand
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Asos reports 50% rise in underlying profitability
The UK-based online retailer has reported a 50% year-on-year rise in underlying profitability in the first half, according to its latest trading update, driven by higher margins and cost discipline
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Portuguese footwear reaches the Oscars
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