Retail sales volumes fell at a “considerable rate” in September after posting strong growth in August. What’s more the decline in sales is expected to continue next month, albeit at a slower pace, according to the CBI.
An already bruised consumer confidence took a further hit in September, tumbling to a new low.. And with the Bank of England now suggesting the UK has tipped into recession, expect further dips to come.
It’s not that long ago that Made.com seemed to be on a roll with the firm acquiring Trouva in the spring, a move that boosted Made’s presence in interiors but also gave it a foothold in the fashion sector.
In what has been called a ‘mini budget’, the UK government on Friday not only said that it would bring back VAT-free shopping for tourists to Britain but that it would be a better system than the one abolished in 2021.
M&S has set out a £15 million package to support its front-line workers in the cost-of-living crisis, introduced an additional autumn pay review for the first time, while extending wide-ranging wellbeing benefits.
It’s going to be the “world’s first luxury virtual reality shopping universe”, we’re told. And although the so-called Xydrobe universe doesn’t officially open until 2023, it has just started taking registrations.
Balmain has linked up with water brand Evian for the first time on what they’re calling “a ground-breaking partnership, united over a shared vision to dream together and to collaborate on future innovations”.
With the key festive selling season looming, Dior has announced that it’s paying “tribute to the unbreakable ties it has woven with Harrods over nearly 70 years, and to Christian Dior’s love of Christmas celebrations”.
A third of high street businesses in England have missed out on discounts on their business rates bills.. Just 272,000 out of 400,000 businesses were able to claim a 50% discount on the commercial property tax.
John Lewis has appointed at big-hitter to take on the role of its all-new product director for lifestyle, covering fashion and home. It said hiring Zoe Matthews represented a “step-change in our business”.
Mike Ashely, the founder of Sports Direct and latterly The Frasers Group, is to relinquish his directorships in the business. As a departing gesture, he will provide the group with an additional £100m in support funding.