Online sales in the UK fell 9.1% year-on-year last month, although this was against a 61% increase in May 2020. And even with the fall, spend remain strong with sales volumes rising 46% compared to May 2019.
Fashion was a major contributor to rising consumer spending in May, two reports showed on Tuesday. Both Barclaycard and the BRC/KPMG sales monitor showed that British shoppers were in the mood to update their wardrobes.
John Lobb has unveiled a new store concept in Paris that feels as much an art gallery or gentleman’s club as a traditional shoe shop; part of a global expansion that includes openings in California and the Middle East.
Forget fast fashion, it’s becoming all about quality clothing, especially for Gen Z consumers. According to a Superdry survey of 1,000 people in the UK, 59% prefer to buy quality, sustainably-made clothing.
How’s this for an eye-watering uptake? Research shows 50% of all shoppers in the UK and the US will be participating in Amazon’s Prime Day (21-22 June). And fashion and beauty are topping the list of proposed purchases.
Fast Retailing’s Uniqlo interrupted a fairly strong record of rising Japanese same-store sales during May as the company recorded a 0.6% drop year-on-year. That said, total sales did manage to increase by 3.6%.