Fashion and beauty are going to be big drivers behind the UK’s 35% rise in e-tail sales in the next five years, a new report says. Analysts at GlobalData believe the market will reach a value of £68.8 billion by 2022.
Australia’s biggest department store operator Myer Holdings Ltd on Thursday posted its lowest annual profit since listing amid an unstoppable wave of competition, and warned it was continuing to trade below expectations.
Asos has seriously disrupted UK fashion retail in recent years and now it’s hoping to do the same with beauty. The British fashion e-tailer is set to launch its very first own-brand beauty collection, Asos Make-Up.
The athleisure trend is here for the long term say analysts at GlobalData with its new report saying Asos’s decision to target the £2.5bn sports apparel market is a reflection of the category’s durable appeal.