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.
LONDON, United Kingdom — British retailers endured their worst September since records started in the mid-1990s, a retail survey showed on Monday, adding to signs that the consumer economy is starting to crack in the run-up to Brexit.
The British Retail Consortium said total retail sales values declined 1.3 percent in the year to September. Average growth over the last 12 months declined to 0.2 percent, the lowest rate on record, the BRC said.
The figures had been due at 2301 GMT but the BRC brought forward their publication.
By Andy Bruce; editor: Raissa Kasolowsky.
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.