United Kingdom
JD Sports acquires Cosmos
The retailer of sports, fashion and outdoor brands acquired 80% of Cosmos Sport S.A. (based in Crete, Greece). Cosmos operates 57 stores in Greece and 3 in Cyprus
Capri raises full-year outlook
The fashion luxury group has reported revenue of 1.3 billion US dollars in the second quarter of fiscal 2022, driven by strong performances of its brands Michael Kors, Jimmy Choo and Versace
UK: British Fashion Council posts blueprint for fashion circularity
The BFC’s Institute of Positive Fashion has presented a framework to address the impact of the fashion industry on the planet through linear production models
Farfetch launches new label
The luxury e-commerce platform has launched its first private label. Produced with sustainability and longevity in mind, the There Was One line will be exclusively sold on Farfetch.com
Jonathan Akeroyd to leave Versace
Global fashion luxury group Capri announced that Jonathan Akeroyd will be stepping down as Chief Executive Officer of Versace to pursue another opportunity, enabling him to return to the United Kingdom and be closer to his family
UK Retail: COVID-19 might be alleviating but there is still no sunrise for Retail
As vaccination levels increase and the restrictive measures are lifted the UK retail industry could be on the expectation that solid improvement would be on the way. However, Consumer Confidence has been fading away since July, and Textile, Clothing & Footwear store sales have been on a slide in the last few months. With the supply chain issues impacting the footwear industry and the lorries shortage, this could be a perfect storm for more bad news
UK: footfall rises in September
Retail footfall in the UK continued to improve in September, narrowing the gap from 2019 to -17.4% from -18.6% in August, countering the downward trend often reported in September
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-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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