Q4 was a challenging time for H&M as its core chain resorted to major markdowns. But the firm is upbeat, seeing plenty of growth potential through new brands, new markets and both the store and digital channels.
UK consumer confidence was flat quarter-on-quarter during Q4, Deloitte’s latest Consumer Tracker has shown, which means it’s the first time Q4 confidence hasn’t dropped compared to Q3 since the Tracker started.
It’s always encouraging when a retailer headlines its trading update with words like “record first half” and that’s just what London-listed e-tailer MySale did Thursday, with H1 boosted by its try-before-you-buy offer.
One of the reasons quoted for Britons shunning retail stores this Christmas was in order to avoid queues and now a report has come out showing that consumers really do have a limit when it comes to queuing.
Westfield London’s much-talked-about extension will open in three phases starting in the spring with phase two not due until this summer and the entire £600 million extension to be open by the autumn.
The H-Farm-developed social shopping app has secured $20 million in funding as it aims to consolidate its operations in the United States, a market where the platform has significant expansion potential.
Imports into major US ports are estimated to have increased 7% over 2017 with holiday imports estimated at more than double 2016 levels, indicating high consumer confidence and an increase in retail spending.
Analysts are gloomy about Debenhams' prospects after a downward spiral of markdowns hurt Christmas season profits. And speculation about faster job cuts and store closures has followed its trading update.
Westfield has reported a 1% hike in visitors to its London malls for the Christmas season and while that’s not a big leap, against a backdrop of lower footfall at malls, it’s actually a very strong performance.