Fashion retailers and department stores have had a tough time so far in February with the latest Confederation of British Industry (CBI) poll showing weak sales at stores, even though online continued to rise strongly.
Initial plans to open 20 Hudson’s Bay department stores in the Netherlands have been narrowed to 15. The retailer announced that it is currently focusing on stores that are in development and denies financial problems.
UK fashion brands and retailers have a major global opportunity with a new report suggesting that international shoppers would be prepared to pay over 20% more for British goods and almost 10% more for UK-made fashion.
Social media analytics firm, NetBase, released its 2018 Luxury Brands Report this Wednesday, revealing that high-end fashion labels account for half of the top ten luxury brands active on social media.
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
Luxury department store Harvey Nichols has seen rising conversion rates after putting an improved online merchandising strategy in place encouraging visitors to spend more time on its e-store and to explore it further.
New York-based label Mansur Gavriel has opened its first brick-and-mortar boutique on the West Coast on Melrose Place in West Hollywood. The new boutique offers the label's ready-to-wear, a cafe, and a florist on site.