‘Supermalls’ in the UK are set to outperform physical retail growth overall, as they attract Millennial shoppers by including more leisure options in their mix, according to a new report from GlobalData.
Zalando is on a roll with the e-tail giant reporting a sales surge just a day after UK peer Asos did so. And it’s following Asos into beauty e-tail as it aims to tap into one of the key growth categories for e-sales.
Sales and profit at Arcadia fell last year according to press reports, with the retail giant seeing the same squeeze as many peers. Reports also suggest it is seeking a new strategy to battle pureplay e-tailers.
As it mulls a move into physical stores, Zalando’s online rise is continuing with the e-tailer saying it continued to outperform the fashion e-tail market in Q1 as customers ordered more often and mainly via mobile.
Missguided said Thursday that it has “once again achieved spectacular growth” with revenues increasing 75% to £206m. And international sales grew even more, up over 130% and accounting for over 40% of the total.
The big news may be all about store closures, but with omnichannel being key, store openings are also making waves and fashion brands have led the way in moving from pureplay to omnichannel retail, a new report says.
Fast-expanding UK fashion retailer Missguided is looking for new investors with a cash injection to help it continue its expansion plans, according to reports. It may also opt for an IPO, joining peers Asos and Boohoo.
A Sky News exposé has shown real fur being labelled as faux and sold by major UK chains. The retailers appear to be unaware of the presence of real fur but have vowed to tighten up their supply chains.