UK shoppers are more bargain-focused than ever this Christmas and that’s bad news for fashion as many plan to cut back on clothing buys while almost as many will shop on Christmas Day to make the most of markdowns.
In a rare takeover of a US firm by a UK-based one, yarns giant Coats Group on Monday said it has bought Patrick Yarn Mill for an initial price of $21m with the buy boosting its presence in performance and eco yarns.
Imports by retailers are estimated to rise 1.5 percent in December, indicating that companies are expecting strong sales through the holiday season, according to industry group National Retail Federation (NRF).
With every luxury brand executive racing to build a digital empire, it’s refreshing to sit down with Bruno Pavlovsky of Chanel; whose main focus for next year will be bricks and mortar, and live events.
Patagonia has joined a broad coalition that officially filed a lawsuit in federal court in DC against the Trump Administration, alleging the President illegally revoked protection of Bears Ears National Monument.
As the UK prepares for Brexit it seems that ‘made in Britain’ remains an aspirational label for domestic shoppers as well as for those in the US, while Burberry and M&S score highly in UK brand perception.