United Kingdom
UK Spring Budget fails to meet retailers expectations
British retail bodies believe the Government could have gone further to support businesses with the Spring Budget. No changes were introduced concerning VAT-free shopping, shopping hours or business rates
UK consumer confidence rebounds to the highest level in almost a year
The latest data by GfK shows that UK consumer confidence hit in February the highest level since April 2022, thus displaying households’ resilience despite the cost-of-living crisis
Dr. Martens launches deadstock collection
The British label has launched the Made in England Deadstock collection, using high-quality surplus leathers from a range of tanneries, as part of the company’s waste reduction commitment
Farfetch's CFO to step down by the end of 2023
The luxury e-tailer has announced that Elliot Jordan will step down from his role as Chief Financial Officer by the end of 2023. Meanwhile, Farfetch will initiate the search for a successor
Nigel Darwin: the next chapter for Dune London very much builds on the strength of the chapters that have gone before
The Dune Group is renowned for the authority and authenticity that it brings to the shoemaking process. Founded in 1992, the company has recently started a new chapter under the leadership of Nigel Darwin. We spoke with him to get a sense of what the future holds for the company
Farfetch: growth slowed down in the fourth quarter of 2022
Despite achieving a record full year revenue, the luxury online retailer reported a fourth quarter 5% revenue decline and a 12% GMV decrease, as compared to the same quarter of fiscal 2021
Sportswear brand Castore plans to secure capital injection
The Manchester-based sportwear brand is working with the multinational investment bank Rothschild to raise around 200 million US dollars to fund its expansion
Clarks appoints creative specialist
The British label has appointed the artist and film-maker Set Free Richardson to the role of Clarks Originals creative specialist, building on the duo’s previous collaboration
UK footfall rises in high streets and city centres
The retail data analytics Springboard says that footfall improved in high streets and city centres in the week following the rail strikes disruption, with the return of workers to the office
Capri Holdings posts revenue decline
The fashion group, which owns Versace, Michael Kors and Jimmy Choo, posted a revenue decline of 6.0% in the third quarter of fiscal 2023, as compared to the same period of last fiscal year
Clarks teams up with Zara in capsule collection
The British footwear brand has teamed up with the fashion retailer to create a capsule collection that reinvents some of its classic designs, including the Wallabee and Desert Boot styles
UK retail sales slowdown in January
Following the Christmas boom, inflationary pressures caused total retail sales to rose by 4.2% in January, around half December’s pace and down from the 11.9% growth recorded a year earlier
JD Sports announces new growth strategy for the next 5 years
The retailer has announced that is setting in motion a new strategic approach for the next five years, which includes plans to a "significant" retail expansion and brand-new financial growth goals
Primark reports very strong Christmas period
The retailer posted a sales increase of 15% in the 16 weeks to the 7th of January 2023, driven by strong footfall after the easing of COVID-19 restrictions, which impacted last year's results
UK consumer confidence picked up in the last quarter of 2022
The latest Deloitte Consumer Tracker revealed that after 15 months of consecutive decline, UK consumer confidence improved slightly by 0.6% in the last quarter of 2022 to -19.7%-
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