Investment in European retail is rising fast, despite tough times for the sector in many countries, with investment in some surging ahead of the pack. And it seems that the online revolution, which is having a major impact on the fashion sector, is driving investment in certain key markets. Meanwhile, the slower adoption of e-tail by some other countries means investment is still pouring into physical retail.
That’s according to Savills’ latest Market in Minutes, European R
UK retail’s best November in six years had chilly weather to thank as the struggling fashion sector enjoyed its first growth since January. Research firm BDO said sales grew 1.7% year-on-year last month, the best overall monthly performance since September 2015. But the body also warned this could well be one of the last sprees before prices rise next year. Clothing responded to the dip in temperatures last month with demand for winterwear reflected in a 1.5% on-year rise in
PROTESTS DISRUPT RETAIL: While retailers remained mum Sunday afternoon about the impact of the anti-Donald Trump protests over the weekend on their businesses, the demonstrations were clearly wreaking havoc all along New York’s Fifth Avenue corridor up to 57th Street, and as far as Central Park. Streets were closed, cars were being diverted to alternate avenues and barricades were blocking storefront entrances, making it difficult for consumers to shop. Bergdorf Goodman was r
Discount stores are crushing department stores as a growing number of Americans refuse to pay full price for anything. Consumers started gravitating toward discount stores during the recession, and many have failed to return to shopping in full-price stores. Off-price buyers now account for two-thirds of all consumers, according to a new study by industry research firm The NPD Group. Their buying activity has hit the clothing market the hardest. Off-price buyers are "hardcore
JCPenney has redesigned its mobile app to make shopping easier for consumers, reportsMobile Commerce Daily. The legacy department store has had trouble keeping sales up in the age of e-commerce, and this redesign is likely aimed at digitally-savvy shoppers who are moving online. The new app design features a cleaner, simpler look to make it as easy as possible for shoppers to browse items and checkout. Simplicity is especially important for mobile retail apps. Retailers often
Significant structural changes are needed across the apparel supply chain in order to create a more consistent, faster and efficient sourcing model that will help retailers improve margins, analysts have said. They believe the fashion retail industry requires improved execution out of design and sourcing functions, as inventory is turning too slowly and design processes and lead times are too long. This lack of speed is contributing to weakening merchandise margin, return on