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U.S. Thanksgiving weekend shopping loses sheen on early deals, smaller discounts

U.S. Thanksgiving weekend shopping loses sheen on early deals, smaller discounts

U.S. shoppers headed to stores over the Thanksgiving weekend fell 3.5%, the NRF said on Tuesday, as fewer holiday promotions and tight supplies took the shine off some of the biggest shopping days of the year.
Fashion
A first for Asda as it charters ship to ensure stock reaches stores

A first for Asda as it charters ship to ensure stock reaches stores

As concerns mount over supplies, UK supermarket giant Asda is following in John Lewis Partnership’s wake by chartering its own cargo ship to ensure shelves remain stocked with key festive products.
Fashion
Buy now pay later numbers leap in UK

Buy now pay later numbers leap in UK

​Around 15 million people in the UK are using buy now, pay later (BNPL) credit, a rise of 23% year-on-year, a new study has shown.
Fashion
Inditex founder's daughter to become chairwoman, new CEO named

Inditex founder's daughter to become chairwoman, new CEO named

​Spanish fashion retail giant Inditex said Tuesday Marta Ortega, the daughter of its founder, will take over as chairwoman in April with a new CEO, as a last step of a generational handover started a decade ago.
Fashion
Fashion data app Margin Guardian gets new six-figure funding

Fashion data app Margin Guardian gets new six-figure funding

​A data insights specialist that helps fashion retailers make pricing strategy decisions has won a cash injection via the UK’s Northern Powerhouse Fund.
Fashion
VNTANA partners with Joor, launches first 3D and AR sales platform

VNTANA partners with Joor, launches first 3D and AR sales platform

3D ecommerce technology leader VNTANA announced on Monday that it is teaming up with Joor, a leading wholesale management platform, to launch the first 3D and augmented reality sales platform.
Fashion
Bolt acquires Tipser, launches Remote Checkout

Bolt acquires Tipser, launches Remote Checkout

Checkout and shopper network company Bolt announced on Monday that it has acquired Swedish-based tech company Tipser. 
Fashion
Ebay acquires authentication business from Sneaker Con

Ebay acquires authentication business from Sneaker Con

As the online marketplace continues to build out its authentication services, it has acquired the New York-based event organizer and sneakerhead platform’s authentication business for an undisclosed sum.
Fashion
Cyber Monday sales expected to slow as US shoppers see fewer deals

Cyber Monday sales expected to slow as US shoppers see fewer deals

U.S. retailers are estimated to generate online sales of up to $11.3 bn on Cyber Monday, a decline from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers.
Fashion
Walmart's longtime CFO to depart

Walmart's longtime CFO to depart

The American retail giant announced on Monday that executive vice president and chief financial officer Brett Biggs will be leaving after 22 years with the company.
Fashion
Record Black Friday for Shopify's global merchants, apparel top category, London top city

Record Black Friday for Shopify's global merchants, apparel top category, London top city

It was record-breaking Black Friday trading for Shopify merchants, the global payments processing platform’s sales data shows, with apparel & accessories the top product category both globally and in the UK.
Fashion
​Early Christmas shoppers boost Black Friday UK store traffic - report

​Early Christmas shoppers boost Black Friday UK store traffic - report

A good week-on-week gain, but still well below pre-pandemic numbers. That was Black Friday (26 November) shopper traffic numbers across the UK. Footfall was 35% higher week-on-week, but still down 23% on two years ago.
Fashion
West End footfall numbers struggle, still heavily down on pre-pandemic comparisons - NWEC

West End footfall numbers struggle, still heavily down on pre-pandemic comparisons - NWEC

London West End footfall in the seven shopping days from 22-28 November inched up 2% week-on-week, and rose 11% over last year's Black Friday, latest figures from the New West End Company (NWEC) showed on Monday.
Fashion
Hammerson confirms Silverburn £140m sale talks

Hammerson confirms Silverburn £140m sale talks

​Retail landlord Hammerson confirmed on Monday that it’s in talks to sell the major Silverburn shopping mall in Glasgow with a potential price of £140 million.
Fashion
Fred Perry weathers the pandemic storm despite profits drop

Fred Perry weathers the pandemic storm despite profits drop

​Fred Perry has filed its 2020 results and while comparisons are skewed due to changes in its financial year dates during 2019, they show that the pandemic was clearly a tough time for the business.
Fashion
New variant fears mean compulsory face masks are back for English stores

New variant fears mean compulsory face masks are back for English stores

The UK has announced new measures to try to slow the spread of the new Omicron Covid variant and the country’s top health official said vaccines could be less effective against it.
Fashion