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.
Joules has ended its search for a new chief financial officer, appointing Caroline York to the post. She joins the family lifestyle retailer no later than September from price comparison business Moneysupermarket Group.
Crisis-hit Moss Bros has launched a CVA proposal as it works towards restructuring its fixed cost base on the back of the Covid crisis and a second wave of lockdowns that have “severely impacted” its trading.
Livestream shopping is forecast to generate sales worth over $150 billion in 2020. Last June’s $15 million spree sparked by a Taobao festival is likely to be exceeded on 11 November, Singles Day in China.