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.
The number of shoppers heading out to stores, malls and other outlets across Britain fell 23.3 percent last week from the week before, as the government tightened COVID-19 curbs, market researcher Springboard said on Monday.
People in large parts of southern England entered the toughest level of restrictions in the week following Christmas, joining the 16 million already in Tier 4 where non-essential shops must stay closed.
Shopper numbers, or footfall, was down 31.8 percent in shopping centers, down 21.9 percent in high streets and down 16.8% in retail parks in the week to Jan. 2, Springboard said.
Footfall across the UK as a whole was 55.7 percent lower than in the same week last year, it added.
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“The end of the festive trading period and tightened government restrictions unsurprisingly saw footfall in UK retail destinations drop significantly at the end of 2020,” Springboard director Diane Wehrle said.
“Moving into a new year, with the extension of Tier 4 across virtually all of England and lockdowns in place in the devolved nations, retailers are unlikely to see any respite until restrictions are eased in the coming weeks or months,” she added.
By James Davey. Edited by Paul Sandle and Andrew Heavens.
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
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