Fashion sales soared online during March, but while that could have been due to easter, the latest IMRG Capgemini e-Retail Sales Index suggests we could also be seeing fundamental changes in UK retail.
Farfetch has been a major retail disruptor in its relatively short history and now the company is setting out to find the next wave of tech firms with a start-up incubator that’s also being supported by Burberry.
Stella McCartney is continuing her work to promote environmental awareness and has linked with The RealReal luxury consignment firm for a campaign “to bring greater awareness to the circular economy for luxury fashion.”
Quarterly sales growth at the big consumer goods makers was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for these giants to raise prices in a competitive retail environment.
The initiative is the latest attempt by the industry to clean up its image and expunge the scourge of "blood diamonds" blamed for financing conflict in poor African countries, such as Sierra Leone and Liberia.