There was some unexpected good news for the UK fashion sector in June as a strong month for online sales also translated into strength in clothing, with fashion outstripping overall growth for the month.
Struggling Debenhams faces a fresh challenge with credit insurers tightening up the terms for its suppliers, suggesting a lack of confidence in its turnaround. But the company has denied it’s facing a cash crunch.
A key monthly UK retail report for June seems to show that British shoppers are still turning away from physical stores and that a slight recovery seen in June in year ago was just a flash in the pan.
Yoox Net-A-PorterGroup (YNAP) is continuing its campaign to boost girls' awareness of tech careers as new research shows that very few think tech is relevant for those seeking careers in fashion, retail and luxury.
Asos powered ahead in SS18 as the UK, US and EU markets all bought into its offer in large numbers. And full-price trading has continued strongly during July, apparently with no negative impact from the heatwave.
A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
UK beauty chain Superdrug is riding high on the back of its Love Island sponsorship with full-year profits and sales both rising and the company seeing continued growth momentum in important product categories.