The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Overall retail footfall on Boxing Day in Britain fell 60 percent compared to the previous year, market researcher Springboard said on Sunday, as the closure of shops in large parts of England due to Covid-19 restrictions hit one of retail’s busiest days.
London and large parts of south and east England are now under Tier 4 restrictions, where non-essential retail stores are closed.
Overall footfall in Tier 4 areas was down 75.9 percent, Springboard said, with footfall down more than 30 percent in the less restricted Tier 2 and 3 areas, where non-essential shops can stay open but there are restrictions on hospitality venues.
By Alistair Smout; editor: Jason Neely
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.