The Ayurvedic fast-moving consumer goods business Patanjali has seen its urban sales decrease and rural sales continue to grow, but at a reduced rate, as more brands capitalise on India’s growing natural products market.
The UK fashion sector has a major problem on its hands as Britons spend less money on fashion. That’s the worrying conclusion from the latest set of sales figures for the month of May released Friday by BDO.
Marks & Spencer made headlines Wednesday morning as profits went into freefall and fashion sales dipped. But a full-price sales rise and other upbeat news meant the turnaround is on track and the share price is rising.
Amazon has soft-launched a new own-label fashion offer in the UK under the Find name. The extensive offer is value priced and features both women’s and menswear with volume basics and trend pieces included.
British fashion retailers will switch their spending firepower to technology from the high street in 2017 after online shopping became the key driver of sales growth over the all-important festive period.